Boardwalktech Software Corp.

Good afternoon, ladies and gentlemen, and welcome to the BoardWalkTech Software Corporation first quarter 2024 earnings conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, August 24, 2023. And I would now like to turn the conference over to Mr. Graham Farrell. Please go ahead, sir.

Thank you, operator. Good afternoon and welcome everyone to BoardWalk Tech's quarterly conference call. This call will cover BoardWalk Tech's financial and operating results for first quarter of fiscal 2024, period, end of June 30th, 2023. Following our prepared remarks, we will open the conference call to a question and answer session. Our call today will be led by BoardWalk Tech's President and Chief Executive Officer, Andy Duncan, along with the company's Chief Financial Officer, Charlie Glavin. Before we begin with our formal remarks, I'd like to remind everyone that some of the statements on this conference call may be forward-looking statements. Forward-looking statements may include, but are not necessarily limited to, financial projections or other statements of the company's plans objectives, expectations, or intentions. These matters involve certain risks and uncertainties. Companies' actual results may differ significantly from those projected or suggested in any forward-looking statements due to a variety of factors which are discussed in detail in a regulatory filing. Today we issued our first quarter fiscal 2024 financial results, a copy of which is available in the investor relations section on our website, boardwalktech.com. and post it on CDAR. I'd like to remind everyone that today's call is being recorded on Thursday, August 24th, 2023. I will now turn the call over to the President, Chief Executive Officer at BoardWalk Tech, Andy Duncan. Please go ahead, Andy.

Thank you, Graham. I would like to welcome everyone to BoardWalk Tech's quarterly earnings call to discuss the company's financial results for the first quarter of fiscal 2024, ended June 30th, 2023. Feels like it was just yesterday since we spoke to you, and in many respects it was. Given the short time between our year-end call at the end of July and today's call, there's not a lot to update you on outside of the growth that we continue to experience in our SAS revenue and ARR. Before I pass this call over to Charlie to discuss our financial performance, I'd like to highlight a few areas of importance regarding the trajectory of the business. First, while we did experience some summer lull as expected and discussed last month, not only did our license revenue increase sequentially for the quarter, but in August we saw a pickup in customer activity and business development pipeline, including a few customers we had previously removed from our pipeline but have now reengaged with a fairly deliberate effort. We actually have contracts out for execution, so we are confident that we will be able to announce some of these new partnerships and deals in the upcoming weeks and months. Second, our financial guidance of 8.5 million to 10 million in revenue for fiscal 2024 remains intact, and this would represent an approximate 45% year-over-year growth consistent with the organic growth of our SAS business. Third, there was a lot of discussion on our last call about a particular customer who had been delayed. The product we developed is new. It's called our Radius Control Tower product, and it's built on our digital ledger platform, which is focused on supply chain visibility, particularly increasing on-time order fulfillment by reducing charge-offs, adjustments, and managing service tickets better. While the product has been live for a while, the customer did take the opportunity before final sign-off on our license extension to request and test new areas of efficiency and ROI. While this near-term delay has been a bit frustrating, not just to investors, but our team as well, We believe that these new requests have actually enhanced our product for better long-term success. It's been exciting to partner with this Fortune 50 company and demonstrate the power of our solution. And lastly, as we roll out our product roadmap to our new and existing enterprise clients, we anticipate our land and expand growth will drive our bottom line closer to and then through profitability. With that, I'd like to pass the call over to Charlie to walk you through the company's financial performance and outlook. Go ahead, Charlie.