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Boardwalktech Software

BWLKF
Software - Application · Technology
Price
$0.03
+0.00 (+11.24%)
Market Cap
$2.0M
Exchange
Other OTC
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+61.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 42.6M (2022) → 68.8M (2026)

§Winston Score History

The full picture

Boardwalktech Software is a small Canadian technology company that makes software for managing and organizing complex data. Its platform helps large organizations track changes, collaborate on spreadsheets and datasets, and keep a detailed history of every edit. Its customers include government agencies and enterprises that deal with large amounts of structured data, such as supply chain and financial planning teams.

The company earns revenue through a mix of software licenses, subscriptions, and professional services. It is headquartered in Canada and serves clients primarily in North America. Boardwalktech is a micro-cap company with a very small revenue base, though it maintains strong gross margins near 80%. Its patented data management technology gives it a niche position, but the company is not yet profitable on an operating basis. Achieving consistent revenue growth and reaching profitability remain the key challenges ahead.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-18.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+46.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

32.1%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$140,498 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Boardwalktech Software has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
68.4%
Premium pricing power — 68.4% gross margin
Profit after running costs
Operating Margin
-57.7%
Losing money on operations — -57.7%
Return on the money invested
ROCE
N/A
Data not available

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Growth

Sales growth
Sales YoY
-24.0%
Shrinking sales (-24.0% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-26.8%
Burning cash (-26.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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