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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows (used in) from operating activities    
Net income (loss) $ 7,018 $ (13,601)
Adjustments to reconcile net income (loss) to net cash from (used in) operating activities:    
Depreciation and amortization 2,333 2,019
Share-based compensation 4,713 2,261
Loss on sale of assets 11 0
Unrealized foreign exchange (gain) loss (11,586) 340
Income tax expense 764 172
Finance (income) expense, net (3,512) 65
Changes in non-cash working capital items:    
Trade and other receivables (8,878) (12,319)
Prepaids and deposits 225 (4,243)
Contract costs (5,602) (2,469)
Trade and other payables 4,434 7,566
Employee benefit obligations 259 331
Deferred revenue 12,698 16,876
Income taxes paid (589) (252)
Cash from (used in) operating activities 2,288 (3,254)
Cash flows used in investing activities    
Purchase of property and equipment (1,081) (1,145)
Acquisition of business, net of cash acquired (1,071) 0
Cash used in investing activities (2,152) (1,145)
Cash flows (used in) from financing activities    
Payments received on net investment in finance lease 159 95
Repayment of lease obligations (1,405) (1,338)
Interest received 2,110 404
Proceeds from exercise of stock options 172 1,032
Proceeds from share issuance under employee share purchase plan 636 244
Payments of contingent consideration from acquisitions (93) 0
Repayment of borrowings 0 (15)
Cash from financing activities 1,579 422
Net change in cash and cash equivalents during the year 1,715 (3,977)
Effect of foreign exchange on cash and cash equivalents (745) (358)
Cash and cash equivalents, beginning of the year 215,323 219,658
Cash and cash equivalents, end of the year $ 216,293 $ 215,323