NON-IFRS EARNINGS MEASURES
|
(in thousands of Canadian dollars) |
Three Months Ended September 30, |
Nine Months Ended September 30, | ||||||
|
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
REVENUE EXCLUDING NON-CASH REVENUE: |
|
|
|
|
|
|
|
|
|
Revenue per income statement |
$ |
10,165 |
$ |
20,651 |
$ |
31,415 |
$ |
53,776 |
|
Non-cash revenue |
|
- |
|
(5,128) |
|
- |
|
(15,541) |
|
REVENUE EXCLUDING NON-CASH REVENUE |
$ |
10,165 |
$ |
15,523 |
$ |
31,415 |
$ |
38,235 |
|
ADJUSTED EBITDA: |
|
|
|
|
|
|
|
|
|
Net loss |
$ |
(6,400) |
$ |
(9,618) |
$ |
(15,384) |
$ |
(20,995) |
|
Add back (subtract): |
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
4,156 |
|
6,321 |
|
12,818 |
|
19,277 |
|
Net finance costs |
|
528 |
|
535 |
|
1,406 |
|
1,636 |
|
Income tax recovery |
|
(173) |
|
(251) |
|
(2,961) |
|
(2,907) |
|
EBITDA |
|
(1,889) |
|
(3,013) |
|
(4,121) |
|
(2,989) |
|
Non-cash revenue |
|
- |
|
(5,128) |
|
- |
|
(15,541) |
|
Non-cash operating costs |
|
- |
|
3,859 |
|
- |
|
11,736 |
|
Impairment of assets |
|
355 |
|
7,780 |
|
664 |
|
7,780 |
|
Share-based payments expense |
|
822 |
|
769 |
|
2,033 |
|
1,892 |
|
(Gain) loss on derivative financial instruments |
|
(422) |
|
775 |
|
(1,345) |
|
775 |
|
Foreign exchange loss (gain) |
|
760 |
|
(296) |
|
1,965 |
|
106 |
|
ADJUSTED EBITDA |
$ |
(374) |
$ |
4,746 |
$ |
(804) |
$ |
3,759 |
