v3.26.1
UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
$ in Thousands, $ in Thousands
 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Cash flows from operating activities    
Net income $ 639 $ 4,550
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 4,125 1,645
Share-based compensation 3,740 2,522
Loss on disposal of assets 15 4
Unrealized foreign exchange loss (gain) 900 1,430
Income tax expense (recovery) (1,045) 2,490
Finance income, net 1,494 (1,190)
Changes in non-cash working capital items:    
Trade and other receivables 5,757 (1,264)
Prepaids and deposits 3,405 (2,109)
Contract costs, net (3,070) (2,894)
Trade and other payables 1,912 2,389
Employee benefit obligations (738) (189)
Deferred revenue 5,439 8,090
Income taxes paid (840) (1,285)
Cash from operating activities 21,733 14,189
Cash flows used in investing activities    
Purchase of property and equipment (281) (586)
Payments related to acquisitions 0 (256)
Acquisition of business, net of cash acquired (57,728) 0
Cash used in investing activities (58,009) (842)
Cash flows used in financing activities    
Payments received on net investment in finance lease 0 37
Repayment of lease obligations (1,016) (954)
Net interest received (paid) (1,314) 1,207
Proceeds from exercise of stock options 91 314
Proceeds from share issuance under employee share purchase plan 200 236
Proceeds from borrowings 89,107 0
Shares repurchased for cancellation (79,421) (43,615)
Cash from (used in) financing activities 7,647 (42,775)
Net change in cash and cash equivalents during the period (28,629) (29,428)
Effect of foreign exchange on cash and cash equivalents 307 1,463
Cash and cash equivalents, beginning of the period 74,037 92,540
Cash and cash equivalents, end of the period $ 45,715 $ 64,575