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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net Revenues $ 87,457 $ 80,430
Cost of revenues (note 10)    
Direct cost of revenues 51,794 49,290
Network, other costs 7,064 6,323
Network, depreciation of property and equipment 9,865 8,436
Network, amortization of intangible assets (note 5) 365 378
Network, impairment of property and equipment 53 1,942
Total cost of revenues 69,141 66,369
Gross profit 18,316 14,061
Expenses:    
Sales and marketing 18,565 15,737
Technical operations and development 5,016 4,815
General and administrative 9,818 8,146
Depreciation of property and equipment 122 152
Amortization of intangible assets (note 5) 1,314 2,494
Total expenses 34,835 31,344
Loss from operations (16,519) (17,283)
Other income (expenses):    
Interest expense, net (11,879) (7,880)
Income earned on sale of transferred assets, net (note 17) 3,621 4,370
Other income (expense), net 67 0
Total other income (expense) (8,191) (3,510)
Loss before provision for income taxes (24,710) (20,793)
Provision (recovery) for income taxes 1,774 (1,710)
Net loss for the period (26,484) (19,083)
Other comprehensive income (loss), net of tax    
Unrealized income (loss) on hedging activities (note 4) (1,126) 68
Net amount reclassified to earnings (note 4) (169) (236)
Other comprehensive loss net of tax recovery of $413 and $52 for the three months ended March 31, 2024 and March 31, 2023 (note 4) (1,295) (168)
Comprehensive loss, for the period $ (27,779) $ (19,251)
Basic and diluted loss per common share (note 9) (in dollars per share) $ (2.42) $ (1.77)
Shares used in computing basic and diluted loss per common share (note 9) (in shares) 10,923,599 10,806,321