Boardwalktech Secures Major Contract and Appoints New CFO

Boardwalktech Software ( (TSE:BWLK) ) has issued an update.

Boardwalktech Software Corp. has secured a multi-year contract with a prominent NYSE-listed global professional services firm to implement its Velocity product for Excel data management, generating an anticipated $70,000 in Annual Recurring Revenue (ARR) for the first year. The company also announced the appointment of Steve Bennet as its new CFO, bringing over 30 years of experience in the technology sector, which is expected to strengthen its financial leadership and strategic growth.

Spark’s Take on TSE:BWLK Stock

According to Spark, TipRanks’ AI Analyst, TSE:BWLK is a Neutral.

Boardwalktech Software’s overall stock score reflects significant financial challenges, including revenue declines and high debt, which are major concerns. However, technical analysis shows a stable trend, and recent corporate events such as strategic partnerships and successful financing offer hope for future improvements. The valuation remains weak due to negative earnings, but efforts to bolster financial stability provide a modest positive outlook.

To see Spark’s full report on TSE:BWLK stock, click here.

More about Boardwalktech Software

Boardwalktech Software Corp. is a leading digital ledger platform and enterprise software solutions company. It has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies for managing structured and unstructured data. The platform allows multiple parties to work on the same data simultaneously while maintaining data fidelity and provenance. Boardwalktech is headquartered in Cupertino, California, with offices in India and operations in North America.

YTD Price Performance: -59.09%

Average Trading Volume: 67,924

Technical Sentiment Signal: Sell

Current Market Cap: C$3.16M

For a thorough assessment of BWLK stock, go to TipRanks’ Stock Analysis page.