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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended 11 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Jan. 31, 2019
Jan. 31, 2018
Cash flows from operating activities          
Net (loss) / profit $ (21,554) $ (13,669) $ (28,980) $ 9,898 $ (26,353)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:          
Gain on remeasurement or derecognition of financial liabilities on funding arrangements     0 (715) (1,181)
(Gain)/loss on recognition of contingent consideration payable (100) 2 2 1,001 0
Remeasurement/derecognition of financial liabilities on funding     0 (3,695) (4,029)
Interest expense 120 156 286 615 1,544
Unrealized foreign exchange gain (294) (122) 423 0 0
Depreciation of operating right-of-use assets 187 352 347 187 184
Depreciation 175 22 321 665 198
Amortization of intangible fixed assets 522 535 970 1,100 137
Loss on disposal of assets 0 34 13 55 54
Impairment of goodwill and intangible assets     0 5,290 0
Stock-based compensation 827 604 845 6,295 2,091
Deferred income taxes 143 (81) (147) (935) 2,360
Changes in operating assets and liabilities:          
Accounts receivable 41 8,720 5,439 (2,467) (2,085)
Prepaid expenses (348) (6,985) 952 (1,260) (7,553)
Other current assets 54 0 492 580 (2,039)
Research and development tax credit receivable (4,463) 3,712 3,154 (2,216) (683)
Deferred revenue and income 3,083 (1,078) (2,358) (48,973) 13,763
Accounts payable (1,111) (804) (1,306) (10) 2,573
Accrued liabilities (548) 312 (51) 144 1,840
Contingent consideration paid 0 (713) (703) 0 0
Lease liabilities (225) (232) (456) (430) (387)
Other liabilities     0 (235) (1,935)
Net cash used by operating activities (23,491) (9,235) (20,757) (35,106) (21,501)
Investing activities          
Acquisition, net of cash acquired     0 0 (6,213)
Contingent consideration paid     0 (167) 0
Purchase of property, plant and equipment (159) (118) (205) (157) (668)
Purchase of intangible assets (168) (107) (136) (7) (154)
Net cash used by investing activities (327) (225) (341) (331) (7,035)
Financing activities          
Proceeds from issue of share capital 0 25,081 50,415 46,084 20,222
Transaction costs on share capital issued 0 (580) (912) (1,707) (1,934)
Proceeds from exercise of warrants     0 0 13
Proceeds from exercise of share options 3 2 2 133 521
Net cash generated from financing activities 3 24,503 49,505 44,510 18,822
Increase (decrease) in cash and cash equivalents (23,815) 15,043 28,407 9,073 (9,714)
Effect of exchange rates on cash and cash equivalents (3,617) 29 190 (2,323) 2,893
Cash and cash equivalents at beginning of the period / year 63,842 12,138 35,245 28,495 35,316
Cash and cash equivalents at end of the period / year $ 36,410 $ 27,210 63,842 35,245 28,495
Supplemental Disclosure of Cash Flow Information          
Cash paid for income taxes     63 72 554
Supplemental Disclosure of Non-Cash Investing and Financing Activities          
Right-of-use assets obtained in exchange for new operating leases     0 0 2,212
Acquisition of a business through the issuance of stock     $ 0 $ 0 $ 6,690