| exactEarth™ Ltd. | |||||||||||||
| Interim Condensed Consolidated Statements of Loss and Comprehensive Loss | |||||||||||||
| (in thousands of Canadian dollars except for per share figures) | |||||||||||||
| (unaudited) | |||||||||||||
| Three months ended | Nine months ended | ||||||||||||
| July 31, | July 31, | July 31, | July 31, | ||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||
| $ | $ | $ | $ | ||||||||||
| Revenue | 6,022 | 4,789 | 17,262 | 13,329 | |||||||||
| Cost of revenue | 2,917 | 3,005 | 8,439 | 8,048 | |||||||||
| Gross profit | 3,105 | 1,784 | 8,823 | 5,281 | |||||||||
| Selling, general and administrative | 3,014 | 1,617 | 7,688 | 5,957 | |||||||||
| Product development and research and development | 258 | 116 | 781 | 628 | |||||||||
| Depreciation and amortization | 170 | 178 | 525 | 669 | |||||||||
| (Recovery) loss on disposal | - | (13 | ) | - | 825 | ||||||||
| Loss from operations | (337 | ) | (114 | ) | (171 | ) | (2,798 | ) | |||||
| Other expenses | |||||||||||||
| Other expense | 9 | - | 36 | - | |||||||||
| Foreign exchange (gain) loss | (137 | ) | (71 | ) | 507 | (189 | ) | ||||||
| Share of equity investment loss | - | 450 | - | 450 | |||||||||
| Interest income | (17 | ) | (13 | ) | (43 | ) | (67 | ) | |||||
| Interest expense | 57 | 461 | 703 | 1,321 | |||||||||
| Total other expenses | (88 | ) | 827 | 1,203 | 1,515 | ||||||||
| Income tax expense | - | - | 109 | 119 | |||||||||
| Net loss | (249 | ) | (941 | ) | (1,483 | ) | (4,432 | ) | |||||
| Other comprehensive loss | |||||||||||||
| Item that may be subsequently reclassified to net loss: | |||||||||||||
| Foreign currency translation, net of income tax expense of nil | (50 | ) | (53 | ) | (3 | ) | (117 | ) | |||||
| Total other comprehensive loss | (50 | ) | (53 | ) | (3 | ) | (117 | ) | |||||
| Comprehensive loss | (299 | ) | (994 | ) | (1,486 | ) | (4,549 | ) | |||||
| Loss per share | |||||||||||||
| Basic and diluted loss per share | (0.00 | ) | (0.04 | ) | (0.03 | ) | (0.20 | ) | |||||
exactEarth Announces Q3 Fiscal 2021 Financial Results and Agreement to be Acquired by Spire Global
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