Third Quarter Results: BlueRush Delivers Record SaaS revenue

Third Quarter Results: BlueRush Delivers Record SaaS revenue, up 44% quarterly and 63% Year to Date Growth


BlueRush" or the "
Company") (TSXV: BTV), an emerging personalized video Software as a Service ("
SaaS") company, is pleased to announce its financial results for the three- and nine-month periods ended
April 30, 2021 ("
Q3 2021"). 
"We are happy to report continued progress on the key metrics that are driving our success and increasing value for our shareholders. SaaS revenue continues to grow with a 63% increase year to date, gross margins now exceed 80% and our renewal rate remains at an impressive 95%," said
Steve Taylor, CEO of
BlueRush.
Mr. Taylor continued, "Our ability to deliver personalization at scale, create meaningful touchpoints in the digital channels and drive measurable ROI sets us apart. We work with an increasing number of leading brands committed to delivering a high value, engaging and personalized experience to their customers which have embraced IndiVideo to fulfill this promise. We note for first nine months our SaaS revenue is up 63% and service revenue down by 51% as our strategic transformation from a services- focused digital agency into a subscription revenue focused product company continues to propel our growth."

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