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UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows (used in) from operating activities    
Net income (loss) $ 1,245 $ (6,959)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 707 580
Share-based compensation 1,267 1,094
Loss on disposal of asset 197 0
Unrealized foreign exchange loss 126 3,194
Income tax expense 363 129
Finance income, net (2,167) (19)
Changes in non-cash working capital items:    
Trade and other receivables (7,265) (4,087)
Prepaids and deposits (2,217) (968)
Contract costs (2,233) (3,015)
Trade and other payables 3,178 1,220
Employee benefit obligations 184 110
Deferred revenue 4,434 6,749
Cash used in operating activities (2,181) (1,972)
Cash flows used in investing activities    
Purchase of property and equipment (107) (303)
Acquisition of business, net of cash acquired 0 (1,071)
Cash used in investing activities (107) (1,374)
Cash flows (used in) from financing activities    
Payments received on net investment in finance lease 44 21
Repayment of lease obligations (451) (345)
Interest received 1,738 103
Proceeds from exercise of stock options 100 20
Proceeds from share issuance under employee share purchase plan 264 304
Cash from financing activities 1,695 103
Net change in cash and cash equivalents during the period (593) (3,243)
Effect of foreign exchange on cash and cash equivalents 131 (98)
Cash and cash equivalents, beginning of the period 216,293 215,323
Cash and cash equivalents, end of the period $ 215,831 $ 211,982