Boardwalktech Software (BWLK) Q4 2025 earnings summary

Executive summary

• Reported a net loss of $3.24 million for the year ended March 31, 2025, with continued negative cash flows from operations and an accumulated deficit of $55.3 million.

• Material uncertainty exists regarding the ability to continue as a going concern due to ongoing losses, working capital deficit, and reliance on external financing.

• Subsequent to year-end, raised approximately $560,594 through a private placement to support liquidity.

Financial highlights

• Revenue declined to $4.80 million from $5.97 million year-over-year, a 19.6% decrease.

• Gross margin decreased to $4.21 million from $5.35 million year-over-year.

• Total expenses were $6.93 million, down from $8.28 million the prior year.

• Net loss per share remained at $(0.06) year-over-year.

• Cash balance at year-end was $358,510, down from $2.23 million.

Outlook and guidance

• Ability to continue as a going concern depends on achieving profitable operations and securing additional financing.

• Management is actively seeking new funding sources; no assurance of timely or favorable financing.