{"id":18858,"date":"2024-05-09T08:00:44","date_gmt":"2024-05-09T12:00:44","guid":{"rendered":"https:\/\/illumin.com\/?p=18858"},"modified":"2024-11-26T10:11:48","modified_gmt":"2024-11-26T15:11:48","slug":"illumin-reports-first-quarter-2024-financial-results","status":"publish","type":"news_and_press","link":"https:\/\/illumin.com\/news-press\/illumin-reports-first-quarter-2024-financial-results\/","title":{"rendered":"illumin Reports First Quarter 2024 Financial Results"},"content":{"rendered":"<p><em>Total First Quarter Revenue of $25.0 million, illumin Self-Service <\/em><em>Revenue up 282% YoY<\/em><\/p>\n<p><strong><em>(All monetary figures are expressed in Canadian dollars unless otherwise stated)<\/em><\/strong><\/p>\n<p>TORONTO \u2013 May 9, 2024 \u2013 illumin Holdings Inc. (TSX: ILLM) (\u201cillumin\u201d or \u201cCompany\u201d), a journey advertising technology company that empowers marketers to make smarter decisions about communicating with online consumers, today announced its financial results for the first quarter ended March 31, 2024.<\/p>\n<p><strong><u>First Quarter 2024 Highlights<\/u><\/strong><\/p>\n<ul>\n<li>First quarter 2024 revenue was $25.0 million, a decrease of 5.8% year-over-year, reflecting a decline in managed service and programmatic revenues \u2013 specifically in economically challenged markets within Latin America.<\/li>\n<li>illumin self-serve revenue was $8.4 million in the quarter, or 33.6% of total revenue, and was up 282% versus Q1 2023. This was driven by new customer relationships and by increased illumin platform utilization.<\/li>\n<li>The Company onboarded 23 net new illumin self-serve clients during the quarter, resulting from sales initiatives targeting higher-spend customers.<\/li>\n<li>Gross margin was 47%, unchanged from the same period in 2023.<\/li>\n<li>Net revenue, or gross profit (revenue less media-related costs), was $11.6 million, compared to $12.5 million in Q1 2023, reflecting reduced sales in the period.<\/li>\n<li>Adjusted EBITDA was $0.01 million, compared to a loss of $0.8 million in the same period in 2023, and was primarily attributable to lower operating costs.<\/li>\n<li>Net loss was $1.1 million, compared to a net loss of $3.6 million in Q1 2023, and improved year-over-year due to lower operating costs and a favourable foreign exchange gain due to a strengthened US dollar.<\/li>\n<li>On November 13, 2023, the Company commenced a new Normal Course Issuer Bid (\u201cNCIB\u201d), to purchase for cancellation up to 4,330,226 of its outstanding common shares. Under this new NCIB, for the three months ended March 31, 2024, the Company purchased and cancelled approximately 1.15 million of its common shares at an average price of $1.66 per share totaling $1.91 million.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Simon Cairns, Chief Executive Officer of illumin, stated, \u201cI am quite pleased to join the illumin team and help lead the Company\u2019s next phase of growth and transformation. During the first quarter, we saw exceptional year-on-year growth in our illumin self-service platform, up 282% vs Q1 2023. By finally being able to see how their advertising connects and impacts customers across all major channels within one workflow, leveraging our instant and visual optimizations, and harnessing our proven AI insights, these early adopter marketers testing illumin self-service are forming a deeper understanding around how to create even better and more effective connections with their customers.\u201d<\/p>\n<p>Mr. Cairns added, \u201cOur illumin self-serve platform continues to experience rapid growth, driven by new and existing relationships with customers, who recognize our platform as uniquely complementary to our proven managed services offerings. Building on this preliminary early adopter momentum, we will be honing our product-market fit and our sales processes to find what works best for our customers. By focusing on long-term self-serve contracts with guaranteed minimums and terms exceeding one year, we expect to generate a more consistent, recurring revenue stream. As we build our illumin self-serve business, expect us to keep a sharp eye on our expenses and priorities as we shape the best path forward to support our customers as they navigate challenging markets with their new products and services.\u201d<\/p>\n<p>Elliot Muchnik, illumin\u2019s Chief Financial Officer, commented, \u201cIn the first quarter, we saw strong illumin self-serve revenue growth, fueled by the platform\u2019s growing adoption in the marketplace. Our Q1 results compared well to our seasonally strongest quarter, or Q4 2023, where illumin self-serve revenue reached $8.9 million. At the same time, we have been successfully managing costs, resulting in more streamlined and efficient operations. This was also evident in our first quarter results, with lower total operating expenses and improved Adjusted EBITDA. We expect to emphasize these themes throughout 2024, as we remain focused on driving revenue growth and profitability, innovating our product offering, and delivering exceptional value to our stakeholders.\u201d<\/p>\n<p><strong><em>The following table presents a reconciliation of net loss to Adjusted EBITDA for the periods ended:<\/em><\/strong><\/p>\n<p>(Unaudited, in thousands of Canadian dollars)<\/p>\n<table width=\"601\">\n<tbody>\n<tr>\n<td width=\"233\"><\/td>\n<td colspan=\"2\" width=\"165\"><\/td>\n<td colspan=\"2\" width=\"204\">\u00a0 \u00a0 \u00a0Three months ended<\/td>\n<\/tr>\n<tr>\n<td width=\"233\"><\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">March 31,<\/td>\n<td width=\"94\">\u00a0 \u00a0 \u00a0March 31,<\/td>\n<\/tr>\n<tr>\n<td width=\"233\"><\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">2024<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2023<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">Net loss for the period<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0 \u00a0(1,138)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0 $\u00a0 (3,562)<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">Adjustments:<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"233\">\u00a0\u00a0\u00a0 Finance income, net<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(506)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (717)<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">\u00a0\u00a0\u00a0 Foreign exchange loss (gain)<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (1,386)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 54<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">\u00a0\u00a0\u00a0 Depreciation and amortization<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,365<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,491<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">\u00a0\u00a0\u00a0 Income tax expense<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 378<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">\u00a0\u00a0\u00a0 Share-based compensation<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 699<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,342<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">\u00a0\u00a0\u00a0 Severance expenses<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 43<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">\u00a0\u00a0\u00a0 Nasdaq-related costs<sup>1<\/sup><\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 423<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 513<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">\u00a0\u00a0\u00a0 Other expenses<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 89<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"233\">Total adjustments<\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,152<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,796<\/td>\n<\/tr>\n<tr>\n<td width=\"233\"><strong>Adjusted EBITDA<\/strong><\/td>\n<td width=\"68\"><\/td>\n<td width=\"97\"><\/td>\n<td width=\"109\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0 14<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0 $ (766)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Nasdaq-related costs are listing fees and directors\u2019 and officers\u2019 insurance specific to the Company\u2019s Nasdaq listing and have been reclassed below Adjusted EBITDA as they are not recurring. The prior period has also been adjusted appropriately.<\/li>\n<\/ul>\n<p><strong>Conference Call Details:<\/strong><\/p>\n<p>Date: Thursday, May 9, 2024<\/p>\n<p>Time: 8:30AM Eastern Time<\/p>\n<p>To register for the conference call webcast and presentation, please visit: <a href=\"https:\/\/illumin.com\/investor-information\/earnings-call\/\">https:\/\/illumin.com\/investor-information\/earnings-call\/<\/a>.<\/p>\n<p>Please connect 15 minutes prior to the conference call to ensure time for any software download that may be needed to hear the webcast.<\/p>\n<p>A recording of the conference call webcast will be available after the call by visiting the Company\u2019s website at <a href=\"https:\/\/illumin.com\/investor-information\/\">https:\/\/illumin.com\/investor-information\/<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>Non-IFRS Accounting Standard Measures<\/u><\/strong><\/p>\n<p>This press release makes reference to certain non-IFRS Accounting Standard measures. These measures are not recognized measures under IFRS Accounting Standards, do not have a standardized meaning prescribed by IFRS Accounting Standards, and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS Accounting Standard measures by providing further understanding of our results of operations from management&#8217;s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS Accounting Standards. We use non-IFRS Accounting Standard measures including \u201crevenue less media costs\u201d, \u201crevenue less media costs margin\u201d, \u201cAdjusted EBITDA\u201d and \u201cAdjusted Net Income (Loss)\u201d (as well as other measures discussed elsewhere in this press release).<\/p>\n<p>The term \u201crevenue less media costs margin\u201d refers to the amount that \u201crevenue less media costs\u201d represents as a percentage of total revenue for a given period, while the term \u201crevenue less media costs\u201d refers to the net amount of revenue after deducting direct media costs.\u00a0 Revenue less media costs is used for internal management purposes as an indicator of the performance of the Company\u2019s solution in balancing the goals of delivering excellent results to advertisers while meeting the Company\u2019s margin objectives and, accordingly, the Company believes it is useful supplemental information.<\/p>\n<p>\u201cAdjusted EBITDA\u201d refers to net income (loss) after adjusting for finance costs (income), impairment loss, fair value gain, income taxes, foreign exchange loss (gain), depreciation and amortization, share-based compensation, acquisition and related integration costs, severance expenses and other non-recurring expenses. The Company believes that Adjusted EBITDA is useful supplemental information as it provides an indication of the results generated by the Company\u2019s main business activities before taking into consideration how those activities are financed and taxed and prior to taking into consideration depreciation of property and equipment and certain other items listed above. It is a key measure used by the Company\u2019s management and board of directors to understand and evaluate the Company\u2019s operating performance, to prepare annual budgets and to help develop operating plans.<\/p>\n<p>\u201cAdjusted Net Income (Loss)\u201d refers to net income (loss) after adjusting for non-cash items such as impairment loss, fair value gain, depreciation and amortization, share-based compensation, and foreign exchange loss (gain). The Company believes that Adjusted Net Income (Loss) is useful supplemental information as it provides an indication of the results generated by the Company\u2019s main business activities on a cash basis. It is another key measure used by the Company\u2019s management and board of directors to understand and evaluate the Company\u2019s operating performance, to prepare annual budgets and to help develop operating plans.<\/p>\n<p>These non-IFRS Accounting Standard measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our business that may not otherwise be apparent when relying solely on IFRS Accounting Standard measures. We believe that securities analysts, investors, and other interested parties frequently use non-IFRS Accounting Standard measures in the evaluation of issuers, and that these non-IFRS Accounting Standard measures are relevant to their analysis of the Company.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>About illumin:<\/u><\/strong><\/p>\n<p>illumin is a journey advertising platform that enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. The Company\u2019s mission is to illuminate the path for brands to connect with their customers through the power of data-driven advertising. Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>Disclaimer with regard to forward looking statements<\/u><\/strong><\/p>\n<p>Certain statements included herein constitute \u201cforward-looking statements\u201d within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.\u00a0 Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, illumin does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>For further information, please contact: <\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<table width=\"624\">\n<tbody>\n<tr>\n<td width=\"208\">Steve Hosein<\/p>\n<p>Investor Relations Coordinator<\/p>\n<p>illumin Holdings Inc.<\/p>\n<p>416-918-5647<\/p>\n<p><a href=\"mailto:investors@illumin.com\">investors@illumin.com<\/a><\/td>\n<td width=\"208\">Babak Pedram<\/p>\n<p>Investor Relations \u2013 Canada<\/p>\n<p>Virtus Advisory Group Inc.<\/p>\n<p>416-646-6779<\/p>\n<p><a href=\"mailto:bpedram@virtusadvisory.com\">bpedram@virtusadvisory.com<\/a><\/td>\n<td width=\"208\">\u00a0David Hanover<\/p>\n<p>Investor Relations \u2013 U.S.<\/p>\n<p>KCSA Strategic Communications<\/p>\n<p>212-896-1220<\/p>\n<p><a href=\"mailto:dhanover@kcsa.com\">dhanover@kcsa.com<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>\u00a0<\/em><\/p>\n<p><em>Please note that the following <\/em><em>financial information is an extract from the Company\u2019s Condensed Interim<\/em><\/p>\n<p><em>Consolidated Financial Statements<\/em> <em>(unaudited) for the three months ended March 31, 2024 and 2023 <\/em><em>(the \u201c<strong>Financial Statements<\/strong>\u201d) provided for readers\u2019 convenience and should be viewed in conjunction with the Notes to the Financial Statements, which are an integral part of the statements. The full Financial Statements and MD&amp;A for the period may be found by accessing SEDAR+ and EDGAR.<\/em><\/p>\n<p>&nbsp;<\/p>\n<table width=\"696\">\n<tbody>\n<tr>\n<td width=\"437\"><strong>\u00a0<\/strong><\/td>\n<td width=\"17\"><strong>\u00a0<\/strong><\/td>\n<td width=\"108\"><strong>March 31,<\/strong><\/p>\n<p><strong>2024<\/strong><\/td>\n<td width=\"24\"><strong>\u00a0<\/strong><\/td>\n<td width=\"110\"><strong>December 31,<\/strong><\/p>\n<p><strong>2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><strong>Assets<\/strong><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><strong>Current assets<\/strong><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Cash and cash equivalents<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 55,540<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 55,455<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Accounts receivable<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">22,011<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">32,136<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Income tax receivable<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">3,517<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">3,301<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Prepaid expenses and other<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">4,569<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">4,123<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">85,637<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">95,015<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><strong>Non-current assets<\/strong><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Other assets<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">64<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">63<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Property and equipment<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">8,590<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">9,329<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Intangible assets<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">8,024<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">7,618<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Goodwill<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">4,870<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">4,870<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">107,185<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">116,895<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><strong>Liabilities<\/strong><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><strong>Current liabilities<\/strong><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Accounts payable and accrued liabilities<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">19,251<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">26,488<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Income tax payable<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">1,116<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">717<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Borrowings<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">131<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">131<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Lease obligations<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">1,733<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">1,726<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">22,231<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">29,062<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><strong>Non-current liabilities<\/strong><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Borrowings<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">14<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">47<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Deferred tax liability<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">1,092<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">1,001<\/td>\n<\/tr>\n<tr>\n<td width=\"437\">Lease obligations<\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">5,661<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">6,087<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">28,998<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">36,197<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><strong>Shareholders\u2019 equity<\/strong><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">78,187<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">80,698<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\">107,185<\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\">116,895<\/td>\n<\/tr>\n<tr>\n<td width=\"437\"><\/td>\n<td width=\"17\"><\/td>\n<td width=\"108\"><\/td>\n<td width=\"24\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u00a0<\/strong><\/p>\n<table width=\"689\">\n<tbody>\n<tr>\n<td width=\"444\"><strong>\u00a0<\/strong><\/td>\n<td width=\"19\"><strong>\u00a0<\/strong><\/td>\n<td width=\"38\"><strong>\u00a0<\/strong><\/td>\n<td width=\"95\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2024<\/strong><\/td>\n<td width=\"94\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Revenue<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Managed service<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11,760<\/td>\n<td width=\"94\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 16,950<\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Self-service illumin<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,379<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,173<\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Programmatic<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,813<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,373<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24,952<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,496<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Media-related costs<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13,327<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14,018<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Gross profit<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11,625<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,478<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Operating expenses<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Sales and marketing<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,313<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,097<\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Technology<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,526<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,951<\/td>\n<\/tr>\n<tr>\n<td width=\"444\">General and administrative<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,374<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,752<\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Share-based compensation<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 699<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,342<\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Depreciation and amortization<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,365<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,491<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14,277<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 16,633<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Loss from operations<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,652)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (4,155)<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Finance income, net<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (506)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (717)<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Foreign exchange loss (gain)<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,386)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 54<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,892)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (663)<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Net loss before income taxes<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (760)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,492)<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Income tax expense<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 378<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Net loss for the period<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,138)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,562)<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Basic and diluted net loss per share<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">(0.02)<\/td>\n<td width=\"94\">(0.06)<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Other Comprehensive Loss<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>\u00a0<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\">Items that may be subsequently reclassified to net loss:<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Exchange loss on translating foreign operations<\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (164)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (300)<\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>\u00a0<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"444\"><strong>Comprehensive loss for the period<\/strong><\/td>\n<td width=\"19\"><\/td>\n<td width=\"38\"><\/td>\n<td width=\"95\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,302)<\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,862)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<table width=\"690\">\n<tbody>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>2024<\/strong><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><strong>2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Cash provided by (used in)<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Operating activities<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Net loss for the period<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,138)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,562)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Adjustments to reconcile net loss to net cash flows<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Depreciation and amortization<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,365<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,491<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Finance income, net<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (506)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (717)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Share-based compensation<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 699<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,342<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Foreign exchange loss (gain)<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,386)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 54<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Severance expense<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Income tax expense<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 378<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Change in non-cash operating working capital<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Accounts receivable<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,447<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,684<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Prepaid expenses and other<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 427<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (875)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Other assets<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Accounts payable and accrued liabilities<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (6,151)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7,611)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Income taxes paid, net<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (52)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (27)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Interest received, net<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 495<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 751<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,667<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,390)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Investing activities<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Additions to property and equipment<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (775)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (294)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Additions to intangible assets<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,761)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,206)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,536)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,500)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Financing activities<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Repayment of term loans<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (653)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Proceeds from international loans<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Repayment of international loans<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (33)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (99)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Payment of leases<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (510)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (820)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Repurchase of common shares for cancellation<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,912)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Proceeds from the exercise of stock options<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,451)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,559)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Decrease in cash and cash equivalents<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (320)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,449)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Impact of foreign exchange on cash and cash equivalents <\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 405<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (341)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Cash and cash equivalents \u2013 beginning of period<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 55,455<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 85,941<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Cash and cash equivalents \u2013 end of period<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 55,540<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 80,151<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Supplemental disclosure of non-cash transactions<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Additions to property and equipment under leases<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 45<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Reversal of prior year non-cash additions to property and equipment<\/td>\n<td width=\"12\"><\/td>\n<td width=\"101\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (734)<\/td>\n<td width=\"29\"><\/td>\n<td width=\"94\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":16635,"parent":0,"menu_order":0,"template":"","class_list":["post-18858","news_and_press","type-news_and_press","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/illumin.com\/wp-json\/wp\/v2\/news_and_press\/18858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/illumin.com\/wp-json\/wp\/v2\/news_and_press"}],"about":[{"href":"https:\/\/illumin.com\/wp-json\/wp\/v2\/types\/news_and_press"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/illumin.com\/wp-json\/wp\/v2\/media\/16635"}],"wp:attachment":[{"href":"https:\/\/illumin.com\/wp-json\/wp\/v2\/media?parent=18858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}