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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BlueRush Inc | TSXV:BTV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.015 | 0.015 | 0.02 | 0 | 01:00:00 |
“The first quarter was successful in terms of continuing to grow our business,” said Steve Taylor, CEO of BlueRush. “Equally importantly, we continued to aggressively work to exploit the larger down-market opportunity now available to us through our IndiVideo for Sales platform extension. The funnel is growing rapidly and we have already begun to see deals closing with much shorter sales cycles.”
Financial highlights for 3 months ending October 31, 2022 or QTR 1, 2023 include 91.4% SaaS gross margin. Other noteworthy financials results:
The company continued to execute on the product, sales and marketing roadmap to capture the significant down-market opportunity for personalized video, most notably to enhance sales and marketing performance. Interactive and personalized video has proven to help companies of virtually any size improve lead generation and conversion, leading to improved sales results. “IndiVideo has been productized to the point where it is no longer affordable only to large enterprises, but also much smaller corporations who want to use video to improve their sales results. We are securing new customers and filling the funnel with opportunities that include companies with as few as five salespeople, which opens a massive and untapped opportunity for BlueRush and our shareholders. At the same time, we continue to delight our large enterprise customers and they will continue to be a source of growth for us through 2023,” said Steve Taylor, CEO of BlueRush.
IndiVideo for Sales, an extension of the existing IndiVideo platform, allows marketers and salespeople to quickly and easily create high quality personalized video to enhance marketing sequences or send directly from the sales desktop. “Our template-based approach creates tremendous efficiencies for sales and marketing team while also allowing for personalization to happen at scale through integration with the CRM,” said Chief Technology Officer Richard Pineault. “Our unique approach also gives our customers the ability to ‘lock down’ elements of the videos to ensure brand, quality and compliance standards are met.”
About BlueRush
BlueRush develops and markets IndiVideo™, a disruptive, award-winning interactive personalized video platform that drives return on investment throughout the customer lifecycle, from increased conversions to more engaging statements and customer care. IndiVideo enables BlueRush clients to capture knowledge and data from their customers' video interaction, creating new and compelling data driven customer insights.
For more information visit https://www.bluerush.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Kendra Borutski
kendra.borutski@bluerush.com
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