NON-IFRS EARNINGS MEASURES
|
(in thousands of Canadian dollars) |
Three Months Ended June 30, |
Six Months Ended June 30, | ||||||
|
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
REVENUE EXCLUDING NON-CASH REVENUE: |
|
|
|
|
|
|
|
|
|
Revenue per income statement |
$ |
11,854 |
$ |
20,973 |
$ |
21,250 |
$ |
33,125 |
|
Non-cash revenue |
|
- |
|
(5,079) |
|
- |
|
(10,413) |
|
REVENUE EXCLUDING NON-CASH REVENUE |
$ |
11,854 |
$ |
15,894 |
$ |
21,250 |
$ |
22,712 |
|
ADJUSTED EBITDA: |
|
|
|
|
|
|
|
|
|
Net loss |
$ |
(3,905) |
|
(277) |
$ |
(8,984) |
$ |
(11,377) |
|
Add back (subtract): |
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
4,188 |
|
6,392 |
|
8,662 |
|
12,956 |
|
Net finance costs |
|
436 |
|
580 |
|
878 |
|
1,101 |
|
Income tax recovery |
|
(1,302) |
|
(1,210) |
|
(2,788) |
|
(2,656) |
|
EBITDA |
|
(583) |
|
5,485 |
|
(2,232) |
|
24 |
|
Non-cash revenue |
|
- |
|
(5,079) |
|
- |
|
(10,413) |
|
Non-cash operating costs |
|
- |
|
3,811 |
|
- |
|
7,877 |
|
Impairment of assets |
|
309 |
|
- |
|
309 |
|
- |
|
Share-based payments expense |
|
878 |
|
565 |
|
1,211 |
|
1,123 |
|
Gain on derivative financial instruments |
|
(681) |
|
- |
|
(923) |
|
- |
|
Foreign exchange loss |
|
986 |
|
210 |
|
1,205 |
|
402 |
|
ADJUSTED EBITDA |
$ |
909 |
$ |
4,992 |
$ |
(430) |
$ |
(987) |
