Trading Update
The Company's common shares have traded below the minimum levels required to maintain a market capitalization and public float of $3 million and $2 million, respectively over the past 29 consecutive days. As a result, it is possible that the Company may become subject to remedial listing review by the Toronto Stock Exchange (TSX). If the Company becomes subject to a remedial listing review, it will have an opportunity to resolve the deficiencies that led to such review.
Selected Annual Information
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| Unaudited |
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U.S. $ millions, except per share data |
| 2018 | 2017 | 2016 | ||||
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Revenue: |
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Acquisition services |
| $ | 8.7 | $ | 14.9 | $ | 3.5 | |
Value-added data |
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| 4.7 |
| 2.8 |
| 2.2 | |
Software and solutions |
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| 2.4 |
| 1.6 |
| 1.3 | |
Total revenue |
| $ | 15.8 | $ | 19.3 | $ | 7.0 | |
Operating income (loss) |
| $ | 0.8 | $ | 1.3 | $ | (9.5) | |
Change in fair value of derivative instruments |
| $ | - | $ | 0.1 | $ | 1.9 | |
Financing costs |
| $ | (2.7) | $ | (2.5) | $ | (10.1) | |
Net loss |
| $ | (1.9) | $ | (1.2) | $ | (15.3) | |
Adjusted EBITDA |
| $ | 3.0 | $ | 3.5 | $ | (7.2) | |
Assets: |
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Cash |
| $ | 1.3 | $ | 6.4 | $ | 6.5 | |
Total assets |
| $ | 9.8 | $ | 11.8 | $ | 9.0 | |
Liabilities: |
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Long-term liabilities (including finance lease obligations) |
| $ | 29.3 | $ | 26.8 | $ | 22.2 | |
Total liabilities |
| $ | 33.3 | $ | 33.8 | $ | 33.6 | |
| Working Capital |
| $ | 1.5 | $ | 0.3 | $ | (3.8) | |
