{"id":21573,"date":"2025-11-07T07:50:28","date_gmt":"2025-11-07T12:50:28","guid":{"rendered":"https:\/\/illumin.com\/?post_type=news_and_press&#038;p=21573"},"modified":"2026-02-26T11:56:24","modified_gmt":"2026-02-26T16:56:24","slug":"illumin-reports-third-quarter-2025-financial-results","status":"publish","type":"news_and_press","link":"https:\/\/illumin.com\/news-press\/illumin-reports-third-quarter-2025-financial-results\/","title":{"rendered":"illumin Reports Third Quarter 2025 Financial Results"},"content":{"rendered":"<p><em>Revenue of $38.2 Million, up 5% YoY<\/em><\/p>\n<p><em>Appointed new CRO as part of transition to an outcomes-based platform approach<\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><strong><em>(All monetary figures are expressed in Canadian dollars unless otherwise stated)<\/em><\/strong><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p>TORONTO \u2013 November 7, 2025 \u2013 illumin Holdings Inc. (TSX: ILLM and OTCQB: ILLMF) (\u201cillumin\u201d or the \u201cCompany\u201d), a leader in digital advertising technology that empowers marketers to make smarter decisions about communicating with online consumers, today announced its financial results for the third quarter ended September 30, 2025.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>Third Quarter 2025 Highlights<\/u><\/strong><\/p>\n<ul>\n<li>Third quarter 2025 revenue rose 5% year-over-year to $38.2 million, driven by 103% year-over-year growth in Exchange service revenue, partially offset by a decrease in Managed service revenue.<\/li>\n<li>Exchange service revenue increased to $20.5 million.<\/li>\n<li>Self service revenue at $8.3 million was relatively stable compared with $8.4 million in the year ago period. Excluding the impact of a single client that paused in early 2025 due to restructuring, Self service sales were up 15% for the quarter and 34% for the year.<\/li>\n<li>The Company onboarded 23 net new Self service clients during the quarter, reflecting sales initiatives targeting higher-spend clients and positioning the Company for long-term revenue growth in this service area.<\/li>\n<li>Managed service revenue was $9.4 million due to broader market uncertainty, which has been influencing some customers\u2019 marketing spend.<\/li>\n<li>Gross margin was 38%, compared with 47% during the same period last year due to an increase in the proportion of revenue in service lines with lower gross margins.<\/li>\n<li>Net revenue, or gross profit (revenue less media-related costs), was $14.4 million, compared with $17.2 million in the prior year period, reflecting lower gross margins as mentioned above.<\/li>\n<li>Adjusted EBITDA was $0.2 million, compared to $1.9 million in the prior year period, primarily attributable to lower gross profit despite higher revenue, partially offset by lower general and administrative costs.<\/li>\n<li>Net loss was $2.1 million, compared to $1.1 million in Q3 2024. This was primarily a result of lower Adjusted EBITDA, higher depreciation and amortization expense, and higher severance expenses resulting from the Company\u2019s cost containment initiatives, partly offset by a higher foreign exchange gain.<\/li>\n<li>On December 23, 2024, the Company commenced a new normal course issuer bid (\u201cNCIB\u201d) for its common shares that will remain open until December 22, 2025, or such earlier time as the NCIB is completed or terminated at the option of the Company. For the three and nine months ended September 30, 2025, the Company purchased and cancelled 432,490 and 744,108 common shares, respectively, at an average price of $1.57 and $1.65 per share for a total consideration of $0.7 million and $1.2 million, respectively.<\/li>\n<li>In September 2025, the Company appointed Brian Garrigan as its new Chief Revenue Officer (CRO) who comes directly from DSP and ad tech sales with a strong focus on strategic partners and value-added services.<\/li>\n<\/ul>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p>Simon Cairns, illumin\u2019s Chief Executive Officer, commented, \u201cOur third quarter results demonstrate that our strategic pivot towards an integrated outcomes-based platform in Exchange and Self service, supported by Managed service, is meeting growing industry demand. Exchange service revenue more than doubled in the quarter, and when adjusted for the temporary exit of one client, Self service revenue was up 34% for the year and 15% for the quarter.<\/p>\n<p>\u201cIn uncertain markets like we\u2019ve seen throughout 2025, illumin is attracting new customers to its Exchange service offering as publishers seek to replace the value that they used to get from older established supply-side platforms, and more brands are shifting to Self service options in a goal of converting more of their ad-spend to actual advertising.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Mr. Cairns continued, \u201cThe market is clearly moving away from traditional demand-side platforms and is looking for a new answer.\u00a0 In 2026, illumin will finally deliver on the long-held promise of ad tech: giving advertisers a clear, real-time understanding of whether their media dollars are truly driving new business, all without ever leaving the illumin platform. Together with our forthcoming generative AI-powered Self service edition, illumin creates a continuous, closed loop of learning and optimization, empowering advertisers to plan, measure, and improve every campaign in one intelligent platform.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cWhile Managed service faces headwinds from market uncertainty, we&#8217;re taking decisive actions to streamline operations through cost containment and to accelerate our shift toward scalable, technology-led revenue with a focus on improved cash flow generation and protecting our balance sheet.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;As we close 2025 and move into 2026, our priorities are clear. First, continue scaling Exchange and Self service through platform innovation and sales execution. Second, continue investing in our product roadmap to differentiate ourselves in an increasingly competitive market, particularly in incrementality measurement and AI-powered optimization. And third, complete our operational restructuring to drive profitability and platform leverage, as our generative Self service version not only removes friction in customer adoption and spending, but also creates new opportunities to realize platform leverage. We&#8217;re confident this strategy will position illumin for sustainable, profitable growth,\u201d Mr. Cairns concluded.<\/p>\n<p>&nbsp;<\/p>\n<p>Elliot Muchnik, illumin\u2019s Chief Financial Officer, commented, \u201cOur third quarter results reflect continued momentum in Exchange service, where revenue more than doubled year-over-year due to strong execution by our commercial and technology teams. While changes in product mix affected our gross margin and increased related operating costs such as hosting, we are already seeing early benefits and strong offsets from the restructuring and cost reduction initiatives we\u2019ve been implementing this year. These actions are helping us streamline operations and improve profitability as we move into 2026.\u201d<\/p>\n<p><strong><em>\u00a0<\/em><\/strong><\/p>\n<p><strong><em>\u00a0<\/em><\/strong><\/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><strong><em>\u00a0<\/em><\/strong><\/p>\n<table width=\"658\">\n<tbody>\n<tr>\n<td width=\"214\"><\/td>\n<td colspan=\"2\" width=\"222\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Three months ended<\/td>\n<td colspan=\"2\" width=\"222\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Nine months ended<\/td>\n<\/tr>\n<tr>\n<td width=\"214\"><\/td>\n<td width=\"111\">September 30,<\/td>\n<td width=\"111\">September 30,<\/td>\n<td width=\"111\">September 30,<\/td>\n<td width=\"111\">\u00a0\u00a0 September 30,<\/td>\n<\/tr>\n<tr>\n<td width=\"214\"><\/td>\n<td width=\"111\">2025<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2024<\/td>\n<td width=\"111\">2025<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2024<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">Net loss for the period<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,148)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0 (1,108)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0 (9,815)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,260)<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">Adjustments:<\/td>\n<td width=\"111\"><\/td>\n<td width=\"111\"><\/td>\n<td width=\"111\"><\/td>\n<td width=\"111\"><\/td>\n<\/tr>\n<tr>\n<td width=\"214\">\u00a0\u00a0\u00a0 Finance income, net<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (376)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (432)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,022)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,407)<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">\u00a0\u00a0\u00a0 Foreign exchange loss (gain)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (901)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 493<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 345<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,449)<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">\u00a0\u00a0\u00a0 Depreciation and amortization<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,619<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,294<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,492<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,046<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">\u00a0\u00a0\u00a0 Income tax expense (benefit)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 336<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 275<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (162)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 162<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">\u00a0\u00a0\u00a0 Share-based compensation<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 971<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,075<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,761<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,882<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">\u00a0\u00a0\u00a0 Severance expenses<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 379<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 260<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,828<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 360<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">\u00a0\u00a0\u00a0 Nasdaq-related costs<sup>1<\/sup><\/td>\n<td width=\"111\">\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=\"111\">\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=\"111\">\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=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 736<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">\u00a0\u00a0\u00a0 Other non-recurring expenses<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 274<\/td>\n<td width=\"111\">\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=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 334<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 316<\/td>\n<\/tr>\n<tr>\n<td width=\"214\">Total adjustments<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,302<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,965<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,577<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,646<\/td>\n<\/tr>\n<tr>\n<td width=\"214\"><strong>Adjusted EBITDA<\/strong><\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 154<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,857<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0 (1,239)<\/td>\n<td width=\"111\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,386<\/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.<\/li>\n<\/ul>\n<p><strong><em>\u00a0<\/em><\/strong><\/p>\n<p><strong>Conference Call Details:<\/strong><\/p>\n<p>Date: Friday, November 7, 2025<\/p>\n<p>Time: 8:30AM Eastern Time<\/p>\n<p>To register for the conference call webcast and presentation, please visit:<\/p>\n<p><a href=\"https:\/\/events.illumin.com\/q3-2025-earnings-call\">https:\/\/events.illumin.com\/q3-2025-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\u00a0<a href=\"https:\/\/illumin.com\/investor-information\/\">https:\/\/illumin.com\/investor-information\/<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p><strong><u>Non-IFRS Measures<\/u><\/strong><\/p>\n<p>This press release makes reference to certain non-IFRS Accounting Standard measures (\u201cnon-IFRS measures\u201d). These measures are not recognized measures under IFRS Accounting Standards (\u201cIFRS\u201d), do not have a standardized meaning prescribed by IFRS, 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 measures by providing further understanding of our results of operations from management\u2019s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. We use non-IFRS measures including \u201crevenue less media-related costs\u201d, \u201cGross margin\u201d, and \u201cAdjusted EBITDA\u201d (as well as other measures discussed elsewhere in this press release).<\/p>\n<p>The term \u201cGross margin\u201d refers to the amount that \u201crevenue less media-related costs\u201d represents as a percentage of total revenue for a given period. Gross margin 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. \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, adjustments to the carrying value of investment tax credits receivable, and other non-recurring items. 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>These non-IFRS 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 measures. We believe that securities analysts, investors, and other interested parties frequently use non-IFRS measures in the evaluation of issuers, and that these non-IFRS measures are relevant to their analysis of the Company.<\/p>\n<p><strong><u>About illumin<\/u><\/strong><\/p>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p>illumin is evolving the digital advertising landscape by empowering marketers to achieve transformative results through its customer-centric approach. Featuring a unified canvas built around the open web, illumin lets brands and agencies seamlessly plan, build, and execute campaigns across the entire marketing funnel\u2014connecting programmatic channels, email, and social media within a single platform. Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe. For more information, visit <a href=\"https:\/\/www.illumin.com\">www.illumin.com<\/a>.<\/p>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p><strong><u>Disclaimer with regard to forward looking statements<\/u><\/strong><\/p>\n<p><strong>\u00a0<\/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.\u00a0 Except as required by law, the Company 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><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<\/p>\n<p>illumin Holdings Inc.<\/p>\n<p>416-218-9888 x 5313<\/p>\n<p><a href=\"mailto:investors@illumin.com\">investors@illumin.com<\/a><\/td>\n<td width=\"208\"><\/td>\n<td width=\"208\">David 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><strong>\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><em>Please note that the following financial information is an extract from the Company\u2019s Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2025 and 2024 (the \u201cFinancial Statements\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+ at\u00a0<\/em><a href=\"https:\/\/www.sedarplus.com\/\" target=\"_blank\" rel=\"noopener\">www.sedarplus.com<\/a><em>.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table width=\"656\">\n<tbody>\n<tr>\n<td width=\"397\"><strong>\u00a0<\/strong><\/td>\n<td width=\"1\"><strong>\u00a0<\/strong><\/td>\n<td width=\"129\"><strong>September 30,<\/strong><\/p>\n<p><strong>2025<\/strong><\/td>\n<td width=\"19\"><strong>\u00a0<\/strong><\/td>\n<td width=\"110\"><strong>December 31,<\/strong><\/p>\n<p><strong>2024<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><strong>Assets<\/strong><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><strong>Current assets<\/strong><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Cash and cash equivalents<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 43,197<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 55,952<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Accounts receivable<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">37,114<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">44,650<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Income tax receivable<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">289<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">613<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Prepaid expenses and other<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">2,407<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">2,864<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">83,007<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">104,079<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><strong>Non-current assets<\/strong><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Other assets<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">114<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">115<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Property and equipment<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">7,090<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">7,406<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Intangible assets<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">13,743<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">9,352<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Goodwill<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">4,870<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">4,870<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">108,824<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">125,822<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><strong>Liabilities<\/strong><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><strong>Current liabilities<\/strong><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Accounts payable and accrued liabilities<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">33,384<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">39,148<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Income tax payable<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">201<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">137<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Borrowings<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">&#8211;<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">48<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Lease obligations<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">653<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">1,513<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">34,238<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">40,846<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><strong>Non-current liabilities<\/strong><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Deferred tax liability<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">&#8211;<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">1,241<\/td>\n<\/tr>\n<tr>\n<td width=\"397\">Lease obligations<\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">4,231<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">4,702<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">38,469<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">46,789<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><strong>Shareholders\u2019 equity<\/strong><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">70,355<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">79,033<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\">108,824<\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\">125,822<\/td>\n<\/tr>\n<tr>\n<td width=\"397\"><\/td>\n<td width=\"1\"><\/td>\n<td width=\"129\"><\/td>\n<td width=\"19\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table width=\"671\">\n<tbody>\n<tr>\n<td width=\"321\"><strong>\u00a0<\/strong><\/td>\n<td colspan=\"2\" width=\"175\"><strong>Three months ended<\/strong><\/td>\n<td colspan=\"2\" width=\"175\"><strong>Nine months ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2025<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2024<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2025<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2024<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\">Revenue<\/td>\n<td width=\"87\">\u00a0\u00a0 $\u00a0 38,241<\/td>\n<td width=\"87\">\u00a0\u00a0 $\u00a0 36,305<\/td>\n<td width=\"87\">$\u00a0 100,446<\/td>\n<td width=\"87\">\u00a0\u00a0 $\u00a0 90,461<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\">Media-related costs<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 23,872<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 19,118<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 58,578<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,689<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Gross profit<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 14,369<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 17,187<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 41,868<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 42,772<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Operating expenses<\/strong><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\">Sales and marketing<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,324<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,213<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 22,142<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19,379<\/td>\n<\/tr>\n<tr>\n<td width=\"321\">Technology<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a04,642<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,760<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 13,669<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,790<\/td>\n<\/tr>\n<tr>\n<td width=\"321\">General and administrative<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a02,902<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,617<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,458<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,629<\/td>\n<\/tr>\n<tr>\n<td width=\"321\">Share-based compensation<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0971<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,075<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,761<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,882<\/td>\n<\/tr>\n<tr>\n<td width=\"321\">Depreciation and amortization<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a01,619<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,294<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,492<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,046<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 17,458<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 17,959<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0 52,522<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 48,726<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Loss<\/strong> <strong>from operations<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,089)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (772)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0 (10,654)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,954)<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Finance income, net<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (376)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (432)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,022)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,407)<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Foreign exchange loss (gain)<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (901)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 493<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 345<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,449)<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,277)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 61<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (677)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,856)<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Net loss before income taxes<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,812)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (833)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (9,977)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,098)<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Income tax expense (benefit)<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 336<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 275<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (162)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 162<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Net loss for the period<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,148)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,108)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (9,815)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,260)<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Basic and diluted net loss per share<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.04)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.02)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.19)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.06)<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Other Comprehensive Loss<\/strong><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\">Items that may be subsequently reclassified to net loss:<\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"321\">Exchange loss on translating foreign operations<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (210)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (226)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (584)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (534)<\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>\u00a0<\/strong><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<td width=\"87\"><\/td>\n<\/tr>\n<tr>\n<td width=\"321\"><strong>Comprehensive loss for the period<\/strong><\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,358)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,334)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0 (10,399)<\/td>\n<td width=\"87\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,794)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table width=\"700\">\n<tbody>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>2025<\/strong><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>2024<\/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=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Operating activities<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Net loss for the period<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (9,815)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0 $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,260)<\/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=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Depreciation and amortization<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,492<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,046<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Finance income, net<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,022)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,407)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Share-based compensation<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,761<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,882<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Foreign exchange loss (gain)<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 345<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,449)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Unpaid severance expense<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 393<\/td>\n<td width=\"15\"><\/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 &#8211;<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Income tax expense (benefit)<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (162)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 162<\/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=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Accounts receivable<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,729<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 700<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Prepaid expenses and other<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 457<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,435<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Other assets<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0 2<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (35)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Accounts payable and accrued liabilities<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7,120)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,088<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Income taxes received (paid), net<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (565)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,674<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Interest received<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,270<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,600<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,235)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,436<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Investing activities<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Additions to property and equipment<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,486)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,531)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Additions to intangible assets<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (6,919)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,972)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8,405)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,503)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>Financing activities<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Repayment of international loans<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (52)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (95)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Payment of leases<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,519)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,609)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Repurchase of common shares for cancellation<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,229)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,310)<\/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=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 189<\/td>\n<td width=\"15\"><\/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 4<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,611)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7,010)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/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=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (12,251)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,077)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/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=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (504)<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,056<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/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=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 55,952<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 55,455<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/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=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 43,197<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 51,434<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><strong>\u00a0<\/strong><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/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=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Adjustments to property and equipment under leases<\/td>\n<td width=\"12\"><\/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\u00a0 &#8211;<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (23)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Unpaid additions (reversals) to property and equipment, net<\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 162<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (734)<\/td>\n<\/tr>\n<tr>\n<td width=\"454\">Unpaid taxes on share repurchase<\/td>\n<td width=\"12\"><\/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\u00a0 &#8211;<\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 106<\/td>\n<\/tr>\n<tr>\n<td width=\"454\"><\/td>\n<td width=\"12\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"15\"><\/td>\n<td width=\"110\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"parent":0,"menu_order":0,"template":"","class_list":["post-21573","news_and_press","type-news_and_press","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/illumin.com\/wp-json\/wp\/v2\/news_and_press\/21573","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:attachment":[{"href":"https:\/\/illumin.com\/wp-json\/wp\/v2\/media?parent=21573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}