05:03 PM EDT, 06/27/2024 (MT Newswires) -- Boardwalktech Software ( BWLKF ) after trade Thursday said it closed out a "demanding" year by narrowing its loss for the fiscal fourth quarter, adding it is "now better positioned and is on stronger footing" for customer and revenue growth.

Its non-IFRS net loss for the quarter ended March 31 narrowed to US$0.4 million from US$0.5 million in the year-prior quarter.

Its adjusted EBITDA loss for the quarter was US$0.3 million, an improvement over US$0.4 million a year earlier.

Chief executive Andrew Duncan stated, "Fiscal 2024 was a pivotal and demanding year for Boardwalktech and certainly wasn't without its challenges. We had to make some difficult decisions around the rationalization of our sales and marketing teams with a focus on getting the right people in place with a priority on new customers and growth."

Boardwalk closed up $0.005 to $0.15 on the TSX Venture Exchange.