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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net Revenues $ 80,430 $ 81,099
Cost of revenues (note 9)    
Direct cost of revenues 49,290 49,421
Network, other costs 6,323 4,180
Network, depreciation of property and equipment 8,436 5,895
Network, amortization of intangible assets (note 5) 378 378
Network, impairment of property and equipment 1,942 27
Total cost of revenues 66,369 59,901
Gross profit 14,061 21,198
Expenses:    
Sales and marketing 15,737 11,987
Technical operations and development 4,815 3,765
General and administrative 8,146 7,296
Depreciation of property and equipment 152 148
Loss on disposition of property and equipment 0 385
Amortization of intangible assets (note 5) 2,494 2,465
Total expenses 31,344 26,046
Income (Loss) from operations (17,283) (4,848)
Other income (expenses):    
Interest expense, net (7,880) (1,796)
Income earned on sale of transferred assets, net (note 16) 4,370 4,752
Other expense, net 0 (50)
Total other income (expenses) (3,510) 2,906
Income (Loss) before provision for income taxes (20,793) (1,942)
Provision for income taxes (note 7) (1,710) 1,078
Net income (loss) for the period (19,083) (3,020)
Other comprehensive income, net of tax    
Unrealized income (loss) on hedging activities (note 4) 68 968
Net amount reclassified to earnings (note 4) (236) 66
Other comprehensive income (loss) net of tax expense (recovery) of ($52) and $329 for the three months ended March 31, 2023 and March 31, 2022 (note 4) (168) 1,034
Comprehensive income (loss), for the period $ (19,251) $ (1,986)
Basic loss per common share (note 8) (in dollars per share) $ (1.77) $ (0.28)
Shares used in computing basic loss per common share (note 8) (in shares) 10,806,321 10,754,758
Diluted loss per common share (note 8) (in dollars per share) $ (1.77) $ (0.28)
Shares used in computing diluted loss per common share (note 8) (in shares) 10,806,321 10,754,758