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BlueRush Inc. reported robust Q1 2022 financial results, highlighting a 33% revenue increase to $1,110,078 and a significant 69% rise in gross profit to $795,711. The company achieved zero gross churn and 100% logo retention, with CARR reaching $367,963, including $111,440 from new customers. Key customer acquisitions include top North American banks and insurance providers. The SaaS gross profit margin improved to 90%, underpinning strong growth prospects.
BlueRush Inc. (TSXV: BTV) (OTCQB: BTVRF) will present at the SNN Network Canada Virtual Event on December 8, 2021, at 9:00 a.m. EST. CEO Steve Taylor will conduct a 30-minute presentation and engage in Q&A with investors. Attendees can register for 1 on 1 meetings with BlueRush. If unable to attend live, webcasts of all presentations will be accessible later. BlueRush's IndiVideo™ platform enhances customer engagement through personalized video. For more details, visit bluerush.com.
BlueRush Inc. (TSXV: BTV) (OTCQB: BTVRF) has been named Quadient's first-ever Global Technology Partner, receiving the Global Technology of the Year Award at the Quadient Experience Partner Awards. This collaboration aims to enhance customer communications management through BlueRush’s IndiVideo platform, which helps brands improve customer engagement. The partnership is expected to expand upsell capabilities and increase customer satisfaction, marking a significant development in BlueRush's strategic positioning within the customer experience management (CXM) landscape.
Steve Taylor, CEO of BlueRush (TSXV: BTV, OTCQB: BTVRF), has been accepted into the Forbes Technology Council, an exclusive network for high-level technology executives. This selection highlights Taylor's impact on business growth and professional achievements. As a member, he will access unique opportunities, collaborate with other leaders, and contribute to expert articles on Forbes.com. BlueRush specializes in personalized video SaaS, leveraging its IndiVideo™ platform to enhance customer engagement and drive ROI.
On November 15, 2021, BlueRush Inc. (TSXV: BTV, OTCQB: BTVRF) announced the engagement of Independent Trading Group (ITG) for market-making services to enhance liquidity on the TSX Venture Exchange. Starting November 5, 2021, BlueRush will pay ITG a monthly fee of $5,000 for an initial three-month term. The engagement is subject to Exchange approval. Additionally, BlueRush disclosed the resignation of director Michael Beckerman, thanking him for his service. ITG does not have any direct interest in BlueRush's securities.
BlueRush has announced a strategic partnership with Doxim, a leader in customer communications management for financial markets. This collaboration aims to integrate BlueRush's IndiVideo platform into Doxim's services, enhancing personalized digital customer experiences. Doxim's clients will benefit from interactive statements and engaging video content that simplifies complex information, potentially increasing conversions and customer motivation. BlueRush is solidifying its market position in customer communications through this partnership, which aims to drive results for both companies.
BlueRush Inc. (TSXV: BTV, OTCQB: BTVRF) reports strong early results for Fiscal Year 2022, including significant contract wins and expanded SaaS bookings totaling $284,000. Major contracts include a $60,000 ARR agreement with a top North American bank, and $76,800 ARR contracts with two global asset managers. The growth in customer interest in the company's Interactive Personalized Video (IPV) platform, IndiVideo, highlights a notable shift towards personalized communication strategies. These expansions are expected to maintain existing gross margins.
BlueRush has hired Skyline Corporate Communications Group to enhance its investor relations in the U.S. This decision stems from the company's recent growth in subscription bookings and aims to improve communication with the investor community. The engagement, effective September 1, 2021, comes with a monthly fee of US$6,500 for a twelve-month period, pending TSX Venture Exchange approval. Skyline will assist BlueRush in effectively delivering its corporate message and expanding its presence in the financial community.
BlueRush Inc. (TSXV: BTV, OTCQB: BTVRF) reported substantial growth in subscription bookings for fiscal 2021, totaling $1,057,963. New bookings accounted for $812,456, with notable new customers like a major U.S. insurer and a Mexican insurance provider adopting their IndiVideo platform. Existing customers contributed $245,507 in expansion bookings, showcasing the value seen in BlueRush's technology. CEO Steve Taylor emphasized the increasing demand for personalized video as a crucial marketing tool.