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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net Revenues $ 98,558 $ 92,297 $ 291,630 $ 269,177
Cost of revenues        
Direct cost of revenues 57,830 52,613 172,060 155,735
Network, other costs 5,855 7,716 17,488 21,695
Network, depreciation and amortization 10,692 9,780 32,260 30,433
Total cost of revenues 74,377 70,109 221,808 207,863
Gross profit 24,181 22,188 69,822 61,314
Expenses:        
Sales and marketing 11,882 15,180 34,818 48,491
Technical operations and development 4,682 4,615 13,433 14,153
General and administrative 9,650 11,485 28,552 30,491
Gain on disposition of property and equipment (3,965) 0 (5,753) 0
Depreciation and amortization 785 955 2,537 3,342
Impairment of property and equipment 10,724 0 10,724 0
Total expenses 33,758 32,235 84,311 96,477
Loss from operations (9,577) (10,047) (14,489) (35,163)
Other income (expenses):        
Interest expense, net (13,901) (13,095) (41,135) (37,527)
Other income, net 2,915 3,919 8,722 11,373
Total other income (expenses) (10,986) (9,176) (32,413) (26,154)
Net loss before tax (20,563) (19,223) (46,902) (61,317)
Provision (recovery) for income taxes 2,456 3,074 6,887 6,068
Net loss for the period (23,019) (22,297) (53,789) (67,385)
Other comprehensive income (loss), net of tax        
Unrealized income (loss) on hedging activities (916) 415 (239) (1,015)
Net amount reclassified to earnings 123 (7) 772 (176)
Other comprehensive income (loss) net of tax expense (recovery) of ($253) and $134 for the three months ended September 30, 2025 and September 30, 2024, and $174 and ($376) for the nine months ended September 30, 2025 and September 30, 2024. (793) 408 533 (1,191)
Comprehensive loss, for the period $ (23,812) $ (21,889) $ (53,256) $ (68,576)
Basic and diluted loss per common share (in dollars per share) $ (2.08) $ (2.03) $ (4.87) $ (6.15)
Shares used in computing basic and diluted loss per common share (in shares) 11,079,486 10,982,820 11,053,725 10,953,778