from Stockwatch...The Globe and Mail reports in its Friday, March 10, edition that Echelon Capital Partners analyst Mike Stevens began coverage on Boardwalktech Software with a "speculative buy" recommendation. The Globe's David Leeder writes that Mr. Stevens believes the company is at an "inflection point." The Echelon stockpicker is currently the lone analyst covering Boardwalktech. He set a share target of $1.30. Mr. Stevens says in a note: "After toiling through several years of its start-up/proof-of-concept phase, Boardwalk pivoted in calendar 2018 from a necessary but growth-stifling perpetual license model into its now recurring SaaS [software-as-a-service] platform. During this time, SaaS revenues have blossomed from $1.6-million in F2019 to an annualized $4.4-million through three quarters of F2023, with current annual recurring revenue (ARR) through $6.2-million-plus. From here, we look for an 40-per-cent three-year compound annual growth rate (CAGR) to F2025 alongside the realization of considerable operating leverage and an EBITDA-positive turn exiting F2024. ... Boardwalk's innovative technology has received tier one validation by a client roster reflecting a who's who of Fortune 500 mega-cap companies."