v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net Revenues $ 94,609 $ 87,457
Cost of revenues    
Direct cost of revenues 55,161 51,794
Network, other costs 5,175 7,117
Network, depreciation and amortization 10,742 10,230
Total cost of revenues 71,078 69,141
Gross profit 23,531 18,316
Expenses:    
Sales and marketing 10,991 18,565
Technical operations and development 4,407 5,016
General and administrative 9,242 9,818
Depreciation and amortization 924 1,436
Total expenses 25,564 34,835
Loss from operations (2,033) (16,519)
Other income (expenses):    
Interest expense, net (13,613) (11,879)
Other income (expense), net 2,679 3,688
Total other income (expenses) (10,934) (8,191)
Net loss before ta (12,967) (24,710)
Provision (recovery) for income taxes 2,166 1,774
Net loss for the period (15,133) (26,484)
Other comprehensive income (loss), net of tax    
Unrealized income (loss) on hedging activities 42 (1,126)
Net amount reclassified to earnings 558 (169)
Other comprehensive income (loss) net of tax (expense) recovery of ($196) and $413 for the three months ended March 31, 2025 and March 31, 2024, respectively 600 (1,295)
Comprehensive loss, for the period $ (14,533) $ (27,779)
Basic and diluted loss per common share (in dollars per share) $ (1.37) $ (2.42)
Shares used in computing basic and diluted loss per common share (in shares) 11,032,086 10,923,599