06:53 AM EDT, 07/03/2024 (MT Newswires) -- BlueRush ( BTVRF ) , a video creation software-as-a-service company, overnight Tuesday said that its net loss for the fiscal third quarter widened as revenue fell.

The company reported a fiscal third-quarter net loss of $991,954, or $0.028 per share, wider than a loss of $901,566, or $0.026 per share, a year earlier.

Revenue for the quarter ended April 30 was $1 million, down from $1.2 million a year earlier.

As at April 30, 2024, the company reported a working capital deficit of about $3.4 million, as compared with a working capital deficit of $329,530 at July 31, 2023.

During the nine months ended April 30, the company said it experienced an overall net decrease in cash of about $1.5 million, as compared with a net cash increase of roughly $1.5 million during the same period a year ago.