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Note 13 - Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2021
Notes Tables |
Condensed Income Statement [Table Text Block] |
|  | Fiber Internet Services |  |  | Mobile Services |  |  | Domain Services |  |  | Corporate |  |  | Consolidated Totals |
For the Three Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 5,825 |  |  | $ | 7,006 |  |  | $ | 62,262 |  |  | $ | - |  |  | $ | 75,093 |
Direct cost of revenues |  |  | 3,026 |  |  |  | 3,320 |  |  |  | 42,787 |  |  |  | - |  |  |  | 49,133 |
Segment Gross Margin |  |  | 2,799 |  |  |  | 3,685 |  |  |  | 19,475 |  |  |  | - |  |  |  | 25,960 |
Adjusted EBITDA |  | $ | (3,320 | ) |  | $ | 5,284 |  |  | $ | 12,750 |  |  | $ | (3,556 | ) |  | $ | 11,158 |
|  | Fiber Internet Services |  |  | Mobile Services |  |  | Domain Services |  |  | Corporate |  |  | Consolidated Totals |
For the Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 4,414 |  |  | $ | 17,567 |  |  | $ | 60,141 |  |  | $ | - |  |  | $ | 82,122 |
Direct cost of revenues |  |  | 1,665 |  |  |  | 8,659 |  |  |  | 41,466 |  |  |  | - |  |  |  | 51,790 |
Segment Gross Margin |  |  | 2,749 |  |  |  | 8,908 |  |  |  | 18,675 |  |  |  | - |  |  |  | 30,331 |
Adjusted EBITDA |  | $ | (1,071 | ) |  | $ | 3,868 |  |  | $ | 12,351 |  |  | $ | (2,973 | ) |  | $ | 12,175 |
|  | Fiber Internet Services |  |  | Mobile Services |  |  | Domain Services |  |  | Corporate |  |  | Consolidated Totals |
Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 11,196 |  |  | $ | 11,286 |  |  | $ | 123,486 |  |  | $ | - |  |  | $ | 145,968 |
Direct cost of revenues |  |  | 5,661 |  |  |  | 6,098 |  |  |  | 83,561 |  |  |  | - |  |  |  | 95,320 |
Segment Gross Margin |  |  | 5,535 |  |  |  | 5,188 |  |  |  | 39,925 |  |  |  | - |  |  |  | 50,648 |
Adjusted EBITDA |  | $ | (5,913 | ) |  | $ | 9,763 |  |  | $ | 26,570 |  |  | $ | (6,539 | ) |  | $ | 23,881 |
|  | Fiber Internet Services |  |  | Mobile Services |  |  | Domain Services |  |  | Corporate |  |  | Consolidated Totals |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 8,722 |  |  | $ | 37,715 |  |  | $ | 119,670 |  |  | $ | - |  |  | $ | 166,107 |
Direct cost of revenues |  |  | 3,380 |  |  |  | 18,517 |  |  |  | 83,081 |  |  |  | - |  |  |  | 104,978 |
Segment Gross Margin |  |  | 5,342 |  |  |  | 19,198 |  |  |  | 36,589 |  |  |  | - |  |  |  | 61,129 |
Adjusted EBITDA |  | $ | (2,133 | ) |  | $ | 8,856 |  |  | $ | 23,898 |  |  | $ | (5,765 | ) |  | $ | 24,856 |
Reconciliation of Adjusted EBITDA to Income before Provision for Income Taxes |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(In Thousands of US Dollars) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
(unaudited) |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |
Adjusted EBITDA |  | $ | 11,158 |  |  | $ | 12,175 |  |  | $ | 23,881 |  |  | $ | 24,856 |
Depreciation of property and equipment |  |  | 4,211 |  |  |  | 3,155 |  |  |  | 7,970 |  |  |  | 6,145 |
Impairment and loss on disposition of property and equipment |  |  | 6 |  |  |  | 1,525 |  |  |  | 66 |  |  |  | 1,525 |
Amortization of intangible assets |  |  | 2,346 |  |  |  | 2,830 |  |  |  | 4,965 |  |  |  | 6,131 |
Impairment of definite life intangible assets |  |  | - |  |  |  | 1,431 |  |  |  | - |  |  |  | 1,431 |
Interest expense, net |  |  | 1,003 |  |  |  | 846 |  |  |  | 1,939 |  |  |  | 1,996 |
Accretion of contingent consideration |  |  | 95 |  |  |  | 85 |  |  |  | 191 |  |  |  | 172 |
Stock-based compensation |  |  | 1,209 |  |  |  | 847 |  |  |  | 2,231 |  |  |  | 1,648 |
Unrealized loss (gain) on change in fair value of forward contracts |  |  | 191 |  |  |  | (436 | ) |  |  | 357 |  |  |  | (88 | )
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities |  |  | 42 |  |  |  | 441 |  |  |  | 106 |  |  |  | 399 |
Acquisition and other costs1 |  |  | 367 |  |  |  | 845 |  |  |  | 1,136 |  |  |  | 956 |
Income before provision for income taxes |  | $ | 1,688 |  |  | $ | 606 |  |  | $ | 4,920 |  |  | $ | 4,541 |
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block] |
|  | June 30, 2021 |  |  | December 31, 2020 |
Canada |  | $ | 3,120 |  |  | $ | 2,521 |
United States |  |  | 141,028 |  |  |  | 114,968 |
Europe |  |  | 39 |  |  |  | 41 |
|  | $ | 144,187 |  |  | $ | 117,530 |
Schedule of Acquired Intangible Assets by Major Class [Table Text Block] |
|  | June 30, 2021 |  |  | December 31, 2020 |
Canada |  | $ | 1,886 |  |  | $ | 2,385 |
United States |  |  | 28,518 |  |  |  | 32,767 |
|  | $ | 30,404 |  |  | $ | 35,152 |
Schedule of Deferred Tax Asset Net By Geographic Region [Table Text Block] |
|  | June 30, 2021 |  |  | December 31, 2020 |
Germany |  | $ | 168 |  |  | $ | 226 |
|  | $ | 168 |  |  | $ | 226 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
Allowance for doubtful accounts |  | Balance at beginning of period |  |  | Charged to costs and expenses |  |  | Write-offs during period |  |  | Balance at end of period |
Six Months Ended June 30, 2021 |  | $ | 222 |  |  | $ | - |  |  | $ | 20 |  |  | $ | 202 |
Twelve months ended December 31, 2020 |  | $ | 131 |  |  | $ | 91 |  |  | $ | - |  |  | $ | 222 |

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