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Note 13 - Segment Reporting (Tables) | 9 Months Ended
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Sep. 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 September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 6,672 |  |  | $ | 8,492 |  |  | $ | 60,729 |  |  | $ | - |  |  | $ | 75,893 |
Direct cost of revenues |  |  | 3,653 |  |  |  | 3,634 |  |  |  | 42,253 |  |  |  | - |  |  |  | 49,540 |
Segment Gross Margin |  |  | 3,019 |  |  |  | 4,858 |  |  |  | 18,476 |  |  |  | - |  |  |  | 26,353 |
Adjusted EBITDA |  | $ | (4,358 | ) |  | $ | 7,648 |  |  | $ | 12,024 |  |  | $ | (3,109 | ) |  | $ | 12,205 |
|  | Fiber Internet Services |  |  | Mobile Services |  |  | Domain Services |  |  | Corporate |  |  | Consolidated Totals |
For the Three Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 4,657 |  |  | $ | 8,852 |  |  | $ | 60,802 |  |  | $ | - |  |  | $ | 74,311 |
Direct cost of revenues |  |  | 1,682 |  |  |  | 4,707 |  |  |  | 41,941 |  |  |  | - |  |  |  | 48,330 |
Segment Gross Margin |  |  | 2,975 |  |  |  | 4,145 |  |  |  | 18,861 |  |  |  | - |  |  |  | 25,981 |
Adjusted EBITDA |  | $ | (1,052 | ) |  | $ | 5,182 |  |  | $ | 12,024 |  |  | $ | (2,884 | ) |  | $ | 13,270 |
|  | Fiber Internet Services |  |  | Mobile Services |  |  | Domain Services |  |  | Corporate |  |  | Consolidated Totals |
For the Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 17,868 |  |  | $ | 19,778 |  |  | $ | 184,215 |  |  | $ | - |  |  | $ | 221,861 |
Direct cost of revenues |  |  | 9,314 |  |  |  | 9,732 |  |  |  | 125,814 |  |  |  | - |  |  |  | 144,860 |
Segment Gross Margin |  |  | 8,554 |  |  |  | 10,046 |  |  |  | 58,401 |  |  |  | - |  |  |  | 77,001 |
Adjusted EBITDA |  | $ | (10,272 | ) |  | $ | 17,411 |  |  | $ | 38,595 |  |  | $ | (9,651 | ) |  | $ | 36,083 |
|  | Fiber Internet Services |  |  | Mobile Services |  |  | Domain Services |  |  | Corporate |  |  | Consolidated Totals |
For the Nine Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Revenues |  | $ | 13,379 |  |  | $ | 46,567 |  |  | $ | 180,472 |  |  | $ | - |  |  | $ | 240,418 |
Direct cost of revenues |  |  | 5,063 |  |  |  | 23,224 |  |  |  | 125,021 |  |  |  | - |  |  |  | 153,308 |
Segment Gross Margin |  |  | 8,316 |  |  |  | 23,343 |  |  |  | 55,451 |  |  |  | - |  |  |  | 87,110 |
Adjusted EBITDA |  | $ | (3,185 | ) |  | $ | 14,035 |  |  | $ | 35,922 |  |  | $ | (8,648 | ) |  | $ | 38,124 |
Reconciliation of Adjusted EBITDA to Income before Provision for Income Taxes |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(In Thousands of US Dollars) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
(unaudited) |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |
Adjusted EBITDA |  | $ | 12,205 |  |  | $ | 13,270 |  |  | $ | 36,083 |  |  | $ | 38,124 |
Depreciation of property and equipment |  |  | 4,758 |  |  |  | 3,110 |  |  |  | 12,728 |  |  |  | 9,255 |
Impairment and loss on disposition of property and equipment |  |  | 470 |  |  |  | 113 |  |  |  | 536 |  |  |  | 1,638 |
Amortization of intangible assets |  |  | 2,288 |  |  |  | 2,645 |  |  |  | 7,253 |  |  |  | 8,776 |
Impairment of definite life intangible assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,431 |
Write-down on disposal of Ting Mobile customer assets |  |  | - |  |  |  | 3,513 |  |  |  | - |  |  |  | 3,513 |
Interest expense, net |  |  | 1,169 |  |  |  | 760 |  |  |  | 3,108 |  |  |  | 2,756 |
Accretion of contingent consideration |  |  | 96 |  |  |  | 86 |  |  |  | 287 |  |  |  | 258 |
Stock-based compensation |  |  | 1,126 |  |  |  | 1,016 |  |  |  | 3,357 |  |  |  | 2,664 |
Unrealized loss (gain) on change in fair value of forward contracts |  |  | 249 |  |  |  | (175 | ) |  |  | 606 |  |  |  | (263 | )
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities |  |  | 72 |  |  |  | 81 |  |  |  | 178 |  |  |  | 479 |
Acquisition and other costs1 |  |  | 901 |  |  |  | 565 |  |  |  | 2,034 |  |  |  | 1,520 |
Income before provision for income taxes |  | $ | 1,076 |  |  | $ | 1,556 |  |  | $ | 5,996 |  |  | $ | 6,097 |
Schedule of Property Plant and Equipment by Geographic Region [Table Text Block] |
|  | September 30, 2021 |  |  | December 31, 2020 |
Canada |  | $ | 2,117 |  |  | $ | 2,521 |
United States |  |  | 153,080 |  |  |  | 114,968 |
Europe |  |  | 39 |  |  |  | 41 |
|  | $ | 155,236 |  |  | $ | 117,530 |
Schedule of Acquired Intangible Assets by Major Class [Table Text Block] |
|  | September 30, 2021 |  |  | December 31, 2020 |
Canada |  | $ | 1,636 |  |  | $ | 2,385 |
United States |  |  | 26,486 |  |  |  | 32,767 |
|  | $ | 28,122 |  |  | $ | 35,152 |
Schedule of Deferred Tax Asset Net By Geographic Region [Table Text Block] |
|  | September 30, 2021 |  |  | December 31, 2020 |
Germany |  | $ | 153 |  |  | $ | 226 |
|  | $ | 153 |  |  | $ | 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 |
Nine Months Ended September 30, 2021 |  | $ | 222 |  |  | $ | - |  |  | $ | 12 |  |  | $ | 210 |
Twelve months ended December 31, 2020 |  | $ | 131 |  |  | $ | 91 |  |  | $ | - |  |  | $ | 222 |

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