Tillkännagivande • Oct 08
BlueRush Inc., Annual General Meeting, Dec 11, 2024 BlueRush Inc., Annual General Meeting, Dec 11, 2024. New Risk • Jul 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$5.8m). Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Market cap is less than US$10m (CA$1.64m market cap, or US$1.18m). Minor Risk Revenue is less than US$5m (CA$4.2m revenue, or US$3.0m). Reported Earnings • Jul 05
Third quarter 2024 earnings released: CA$0.028 loss per share (vs CA$0.026 loss in 3Q 2023) Third quarter 2024 results: CA$0.028 loss per share (further deteriorated from CA$0.026 loss in 3Q 2023). Revenue: CA$1.03m (down 10% from 3Q 2023). Net loss: CA$992.0k (loss widened 10.0% from 3Q 2023). Tillkännagivande • Jun 19
BlueRush Inc. announced that it expects to receive CAD 1.02 million in funding BlueRush Inc. announced a non-brokered private placement of up to 68 units of the company at a price of CAD 15,000 per unit for the gross proceeds of CAD 1,020,000 on June 18, 2024. Each unit shall consist of (i) 500,000 common shares of the company at a deemed price of CAD 0.02 per common share, (ii) 500,000 transferable common share purchase warrants, with each warrant entitling the holder thereof to acquire one additional common share at a price of CAD 0.05 per common share until the date that is 60 months from the closing, and (iii) a CAD 5,000 principal amount 10.0% unsecured convertible debentures with each convertible debenture maturing on the date which is 60 months from closing and convertible into common shares at a conversion price of CAD 0.05 per common share in the first year and CAD 0.10 per common share in years two to five. In connection with the issue and sale of the units pursuant to the offering, the company may pay
registered dealers and finders a cash commission equal to 8% of the aggregate gross proceeds under the offering. All securities issued pursuant to the offering will be subject to a four-month hold period pursuant to securities laws and the policies of the TSXV. Closing of the offering is subject to, amongst other things, prior approval of the TSXV. Reported Earnings • Apr 02
Second quarter 2024 earnings released: CA$0.012 loss per share (vs CA$0.026 loss in 2Q 2023) Second quarter 2024 results: CA$0.012 loss per share (improved from CA$0.026 loss in 2Q 2023). Revenue: CA$1.07m (down 1.8% from 2Q 2023). Net loss: CA$420.9k (loss narrowed 53% from 2Q 2023). Reported Earnings • Dec 01
Full year 2023 earnings released: CA$0.068 loss per share (vs CA$0.11 loss in FY 2022) Full year 2023 results: CA$0.068 loss per share (improved from CA$0.11 loss in FY 2022). Revenue: CA$4.60m (down 3.5% from FY 2022). Net loss: CA$2.31m (loss narrowed 34% from FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. New Risk • Nov 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.4m free cash flow). Shares are highly illiquid. Negative equity (-CA$4.4m). Market cap is less than US$10m (CA$2.13m market cap, or US$1.56m). Minor Risks Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Revenue is less than US$5m (CA$4.6m revenue, or US$3.4m). Reported Earnings • Jun 29
Third quarter 2023 earnings released: CA$0.026 loss per share (vs CA$0.022 loss in 3Q 2022) Third quarter 2023 results: CA$0.026 loss per share (further deteriorated from CA$0.022 loss in 3Q 2022). Revenue: CA$1.15m (down 6.9% from 3Q 2022). Net loss: CA$901.6k (loss widened 26% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 09
Second quarter 2023 earnings released: CA$0.026 loss per share (vs CA$0.022 loss in 2Q 2022) Second quarter 2023 results: CA$0.026 loss per share (further deteriorated from CA$0.022 loss in 2Q 2022). Revenue: CA$1.09m (down 12% from 2Q 2022). Net loss: CA$902.6k (loss widened 28% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 03
BlueRush Inc., Annual General Meeting, Apr 18, 2023 BlueRush Inc., Annual General Meeting, Apr 18, 2023. Reported Earnings • Jan 01
First quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.03 loss in 1Q 2022) First quarter 2023 results: CA$0.005 loss per share (improved from CA$0.03 loss in 1Q 2022). Revenue: CA$1.22m (up 9.8% from 1Q 2022). Net loss: CA$837.0k (loss narrowed 15% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Full year 2022 earnings released: CA$0.021 loss per share (vs CA$0.034 loss in FY 2021) Full year 2022 results: CA$0.021 loss per share (improved from CA$0.034 loss in FY 2021). Revenue: CA$4.77m (up 30% from FY 2021). Net loss: CA$3.52m (loss narrowed 15% from FY 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 11
BlueRush Inc. announced that it has received $3.023995 million in funding On August 10, 2022, BlueRush Inc. closed the transaction. The company has received $124,999.85 in its third tranche bringing the total funds raised in the transaction to $3,023,995. The transaction included participated from Glidepath Auxo LLC for an aggregate gross proceeds of $1,725,000. The company has received an aggregate of 37,812,500 common share purchase warrants. The company paid a registered dealer, a cash commission of $229,200 and issued them 10,743,750 non-transferable Warrants with each such Warrant entitling the holder thereof to acquire one Common Share at a price of $0.04 per share until the date that is 48 months from the closing of the Offering. In addition, the Company has agreed to pay the dealer a fee equal to 2% of the aggregate amount of Convertible Debentures converted by subscribers it referred, if applicable, and a fee equal to 3% of the aggregate exercise price of warrants exercised by subscribers it referred, if applicable. Reported Earnings • Jul 01
Third quarter 2022 earnings released: CA$0.004 loss per share (vs CA$0.007 loss in 3Q 2021) Third quarter 2022 results: CA$0.004 loss per share (up from CA$0.007 loss in 3Q 2021). Revenue: CA$1.24m (up 61% from 3Q 2021). Net loss: CA$718.2k (loss narrowed 31% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 08
BlueRush Inc. announced that it expects to receive $5 million in funding BlueRush Inc. announced a non-brokered private placement of up to 5,000 convertible debenture units at a price of $1,000 per convertible debenture unit for aggregate gross proceeds of up to $5,000,000. Each convertible debenture unit will consist of $1,000 principal amount of a 10% unsecured convertible debenture and 12,500 common share purchase warrants of the company. Each convertible debenture shall mature on the date which is 48 months from the closing of the offering and will be convertible into common shares of the company at a conversion price of $0.04 per common share. Each warrant shall entitle the holder thereof to acquire one additional common share at a price of $0.075 per share until the date that is forty-eight (48) months from the closing of the offering. In the event the consolidation does not occur on or before the date that is six months from the closing of the offering, the conversion price will be increased to $0.08 on the date that is 24 months from the closing of the offering. In connection with the offering, the company will pay participating registered dealers a cash commission equal to 8.0% of the aggregate gross proceeds of the offering. In addition, registered dealers will receive non-transferable warrants exercisable at CAD 0.05, as applicable, at any time prior to the date that is 48 months from the closing to acquire that number of common shares equal to 15.0% of the number of common shares issuable under convertible debentures placed by such dealer pursuant to the offering. Interest on the principal amount of the convertible debentures will be paid on June 30 of each year commencing on June 30, 2023. In addition, the principal amount of the convertible debentures may be redeemed by the company at any time upon payment of a 25% prepayment penalty and subject to a maximum per annum interest return of 24%. In addition, the company shall pay registered dealers a fee equal to 2.0% of the aggregate amount converted by a referred subscriber, if applicable, and a fee equal to 3.0% of the aggregate exercise price of warrants exercised by a referred subscriber, if applicable. The offering is to be issued in the United States pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933 as amended and in the provinces of Canada, and such other jurisdictions as may be determined by the company, by way of private placement exemptions from prospectus requirements, subject to the receipt of necessary regulatory approvals. The convertible debentures and warrants forming part of the convertible debenture units, and any securities issuable upon conversion or exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance of the convertible debenture Units. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. The company may force the conversion of the convertible debentures in the event if the volume weighted average price of the common shares on the TSX Venture Exchange is greater than $0.15 for any twenty consecutive trading days or the company is uplisted in the U.S., and the Company is current with its securities and TSXV filing requirements. As a condition to receiving TSXV approval for the Offering, within six months of closing of the offering, the company will be required, and intends, to consolidate the common shares on the basis of post-consolidation common share for a minimum of two pre-consolidation common shares, or such greater number of pre-consolidation shares as may be determined by the board of directors or may be required to obtain approval of the offering and the consolidation from the TSX Venture Exchange. Accordingly, subsequent to closing of the offering, the company intends on calling a special shareholders’ meeting seeking shareholder approval for the Consolidation. Tillkännagivande • Jun 02
BlueRush Inc. announced that it has received CAD 0.5398 million in funding On May 31, 2022, BlueRush Inc. closed the transaction. The company has amended the terms of the transaction. The company has issued 8,434,375 units at an issue price of CAD 0.064 for gross proceeds of CAD 539,800. The company paid Canaccord Genuity Corp. a cash finders fee equal to CAD 2,800 and issued them 43,750 broker warrants with each such broker warrant exercisable for one common share of the company at CAD 0.064 per share for sixty months. All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day from the date of issuance. Reported Earnings • Jan 06
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: CA$0.006 loss per share (up from CA$0.007 loss in 1Q 2021). Revenue: CA$1.11m (up 33% from 1Q 2021). Net loss: CA$984.9k (loss widened 71% from 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.034 loss per share (up from CA$0.043 loss in FY 2020). Revenue: CA$3.68m (down 2.8% from FY 2020). Net loss: CA$4.13m (loss widened 23% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 01
Third quarter 2021 earnings released: CA$0.007 loss per share (vs CA$0.007 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CA$769.1k (down 27% from 3Q 2020). Net loss: CA$1.05m (loss widened 96% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Second quarter 2021 earnings released: CA$0.017 loss per share (vs CA$0.013 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CA$891.3k (down 21% from 2Q 2020). Net loss: CA$1.40m (loss widened 35% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 04
BlueRush Launches Enhanced Functionality for Self-Serve Platform for IndiVideo Interactive Personalized Video Solution BlueRush Inc. announced the most recent version of its personalized video platform, IndiVideo. Financial institutions, and global brands in other verticals use IndiVideo to power their personalized video experiences. The latest release includes the launch of a new Decision Tree Module for IndiVideo's self-serve platform in Adobe After Effects. This functionality will allow companies' in-house creative teams or existing creative agencies to easily manage additional variations of the same video and create personalized video content for multiple audience segments – scaled to hundreds of recipients – without the need to engage development teams. The release will also enable new avenues of communication by providing companies with the ability to send 1:1 personalized video through email directly from the IndiVideo Portal. Impactful personalized video experiences can be created and deployed by BlueRush or by companies' creative teams using the self-serve After Effects IndiVideo Plugin. To better support self-serve users, the IndiVideo Plugin now features beta integration with Google's Text-to-Speech, the ability to add chapters to the video progress bar, and a redesigned content list module to make it more intuitive, aligning with project workflow. Additionally, the latest IndiVideo release will include an auto play feature with improved Google Analytics integration to support reporting and optimization efforts and will position companies for success with IndiVideo personalized video by providing new and updated training and support for the most used personalization techniques through the BlueRush Academy. Lastly, the release will provide companies with the ability to initiate a self-onboarding process through the IndiVideo Portal to create a seamless user experience for new clients. Tillkännagivande • Feb 13
BlueRush Inc. announced that it has received CAD 5 million in funding On February 12, 2021, BlueRush Inc. (TSXV:BTV) closed the transaction. The company has issued 10,488,808 units for the gross proceeds CAD 1,101,324.84 in its second and final tranche. The transaction included participation from two officers of the company for 185,000 Units amounting CAD 19,425. The company has paid cash commission of CAD 375,370 and issued non-?transferable compensation options to purchase 3,574,952 common shares of the company at an exercise price of $0.105 per share for a period of 36 months.? Is New 90 Day High Low • Feb 11
New 90-day high: CA$0.21 The company is up 180% from its price of CA$0.075 on 12 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 34% over the same period. Tillkännagivande • Jan 16
BlueRush Inc. announced that it expects to receive CAD 3.5 million in funding BlueRush Inc. (TSXV:BTV) announced a non-brokered private placement of minimum 19,047,619 and maximum 28,571,428 units at a price of CAD 0.105 per unit for gross proceeds of minimum CAD 2,000,000 and maximum CAD 3,500,000 on January 15, 2021. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.18 for a period of 36 months from the date of closing. In connection with the transaction, the company will pay registered dealers and finders, a cash commission equal to 8% of the aggregate gross proceeds under the offering, and non-transferable compensation options to purchase that number of common shares as is equal to 8% of the number of units sold, at an exercise price of CAD 0.105 per share exercisable for a period of 36 months from the closing. All securities issued pursuant to the offering will be subject to a four-month hold period. Closing of the transaction is subject to, amongst other things, prior approval of the TSX Venture Exchange. Tillkännagivande • Dec 25
BlueRush Inc., Annual General Meeting, Feb 23, 2021 BlueRush Inc., Annual General Meeting, Feb 23, 2021. Reported Earnings • Dec 20
First quarter 2021 earnings released: CA$0.007 loss per share The company reported a solid first quarter result with reduced losses and improved revenues and control over expenses. First quarter 2021 results: Revenue: CA$836.5k (up 5.3% from 1Q 2020). Net loss: CA$575.4k (loss narrowed 53% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 15
BlueRush Inc. Announces Appointment of Chris Rasmussen to Board of Directors BlueRush Inc. announced the appointment of Chris Rasmussen to the Company's Board of Directors. Chris Rasmussen founded Doxim in 2000 with a goal to transform and improve the customer communications experience through digital engagement. Doxim has grown as the leading supplier of customer engagement software, with a focus on regulated business critical communications within financial services and healthcare markets to connect with customers. Reported Earnings • Nov 22
Full year 2020 earnings released: CA$0.043 loss per share The company reported a solid full year result with reduced losses and improved revenues and control over expenses. Full year 2020 results: Revenue: CA$3.80m (up 5.4% from FY 2019). Net loss: CA$3.35m (loss narrowed 13% from FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 21
BlueRush Inc. Appoints Ankur Gupta as Interim Chief Financial Officer BlueRush Inc. announce the appointment of Mr. Ankur Gupta, CPA as the interim Chief Financial Officer of the Company effective November 19, 2020 replacing Mr. Dave Badun who resigned effective July 31st, 2020. As a CPA, Mr. Gupta has more than 10 years of experience in various financial leadership roles within private equity backed IoT technology venture and in enterprise software-telecom & wireless industries. He has held financial, strategic, compliance and operational responsibilities within his career and has a track record of driving and delivering results. Tillkännagivande • Jul 31
BlueRush Inc. announced that it has received CAD 1.45 million in funding from Round 13 Capital Founders Fund, L.P. On July 30, 2020, BlueRush Inc. (TSXV:BTV) closed the transaction. The company raised gross proceeds of CAD 250,000 in the second and final tranche. The company raised CAD 1,450,000 in the transaction.