Boardwalktech Software Corp.

Good afternoon, ladies and gentlemen, and welcome to the Boardwalk Tech Software Corporation Fiscal Third Quarter 2025 Quarterly 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 Tuesday, February 25, 2025. I would now like to turn the conference over to Sean Peacegood from Sofic Capital. Please go ahead.

Thank you, John. Good afternoon and welcome everyone to BoardWalk Tech's third quarter of fiscal 2025 conference call for the period ended December 31, 2024. On our call today is BoardWalk Tech's President and Chief Executive Officer, Andy Duncan. and the company's Chief Financial Officer, Charlie Glavin. Andy will start the call with his opening comments, followed by Charlie's overview of the quarterly financial results. Then Andy will share the company's outlook. Following their prepared remarks, we'll open the conference call to a question and answer session. Before we begin with our formal remarks, I would like to remind everyone that some of the statements on this conference call may be forward-looking. Forward-looking statements may include, but are not limited to, financial projections, or other statements of the company's plans, objectives, expectations, or intentions. These matters involve certain risks and uncertainties. The company's actual results may differ significantly from those projected or suggested and any forward-looking statements due to a variety of factors which are discussed in detail in our regulatory filings. Today we issued our third quarter of fiscal 2025 financial results, a copy of which is available in the investor relations section of our website. as well as CDAR Plus and at Safa Capital's website. All figures are reported in U.S. dollars unless otherwise indicated. Boardwalk text financial statements are prepared in accordance with international financial reporting standards. Please refer to the unaudited condensed consolidated financial statements and management discussion analysis for the three and nine month period ended December 31st, 2024 filed on CDAR Plus for more information. I'd like to remind everybody that today's call is being recorded on Tuesday, February 25th, 2025. I'll now turn the call over to BoardWalk Tech's President and Chief Executive Officer, Andy Duncan. Go ahead, Andy.

Thank you, Sean, and welcome everyone to BoardWalk Tech's quarterly earnings call to discuss the company's financial results for the third quarter of fiscal 2025. Calendar 2024 was a very pivotal year for BoardWalk Tech. we delivered on some very significant milestones, including we repositioned our go-to-market strategy, the Boardwalk Intelligent Information Platform, to highlight our product's competitive differentiation at solving customer needs, while aligning our offerings to close deals. This involvement of realignment of sales resources, netting substantial expense savings in the process, while expanding our channel partner program, having signed having now signed 10 channel partners and advisors ranging from TCS to ServiceNow. You can look for us to discuss more details about our intelligent information platform in future announcements. We also saw continued progress with our Unity Central product with several early adopter customers. We successfully executed a coordinated roadmap with three partners on the delivery and implementation of our Velocity product at our largest customer in the financial services market, a top five U.S. bank, where our partners have dedicated additional resources to delivering the Boardwalk Velocity product across the bank. And we also executed the launch of our first big business process outsourcing or BPO client for the world's largest BPO that includes implementation with two of their large customers. And we also closed a $4 million line of credit facility, which has given us working capital flexibility. So it's been a very busy calendar 2024. As a reminder for existing shareholders and for any new shareholders joining the call boardwalk provides a software platform to enterprise customers with a patented time based database. Avoiding the need for constant coding or queries to better manage and analyze structured and unstructured data in order to make better business decisions and yes. AI will play an integral part of our holistic solution as we integrate and augment AI functionality into our existing offerings. Despite the success we have seen in several areas and the new strategy we have put in place, we cannot ignore the past 12 months has been a challenge and our revenue did decline. This was mainly due to the fact that we lost two customers and roughly a million dollars of annual recurring revenue as previously disclosed. This was due not to our products capabilities, but we were effectively a victim of mandated cuts and reorganizations at those customers. We actually anticipate re-engagements with these customers once the dust settles. In the meantime, we've been adding new professional services revenue and POCs, which is proof of concepts, to the company, not just to backfill the revenue gap, but to grow annual recurring revenue. Investors should recall that professional services tends to be a good leading indicator to future licenses. Despite the revenue impacts and delivering on the new go to market, we were able to make continued progress on improving EBITDA. With the success of our Velocity product and financial services, the introduction of our new product Unity Central, the opportunity in front of us to partner with large and leading BPO providers, and the new partners we have signed, our pipeline is stronger now than ever for both our Velocity and our Unity Central products. Our Velocity product targets Excel spreadsheets and currently is gaining traction in the financial services sector as we help banks not just meet regulatory hurdles but improve risk management capabilities so banks can expand revenue opportunities and manage costs. With our first banking customer for Velocity, we are officially partnered with three major IT firms at the client's request to help the bank deploy Velocity across their organization. I am pleased to announce that just a few weeks ago, we announced an expansion here And the project with the bank and our partners is going very well. However, the opportunity is not confined here as these partners who are being trained on our products and experienced the high ROI of velocity firsthand are now selling and generating new opportunities for us with their other financial institution clients that they have trusted relationships with. Our second product is Unity Central, which manages all messages, files, documents, workflows, and alerts into a single intelligent platform, enabling automation and reducing manual work to lower operating costs and increase efficiencies. We have also expanded our partnership with Accenture, a long-term customer for our digital ledger, Now to deploy the Unity Central Extension to several new opportunities associated with their business process outsourcing division. We hope to be able to share new customer wins for this relationship in the coming quarters. I will now pass the call over to our CFO, Charlie Glavin, who will provide an overview of the financial results of our third quarter of fiscal 2025. Charlie, please go ahead.