09:14 AM EDT, 04/02/2024 (MT Newswires) -- BlueRush Inc. ( BTVRF ) , a video creation software-as-a-service company, overnight Monday reported a fiscal second-quarter net loss of $1.6 million, or $0.044 per share, wider than a loss of $905,594, or $0.030 per share, a year earlier. Overall operating expenses reduced by $312,577 or 23% compared to Q2 2023.

Revenue for the quarter ended Jan. 31, 2024, was $2 million, up from $1.1 million a year earlier.

As at Jan. 31, 2024, the company had a working capital deficit of roughly $2.9 million as compared with a working capital surplus of about $2.4 million as at Jan. 31, 2023.

Overall, the company said it "has positioned itself to start growing in a capital-efficient manner, continue securing and expanding important client relationships, and deliver value to clients and shareholders".