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Share-based compensation (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangements [Abstract]  
Schedule of Expense Associated With Each Component The expense associated with each component is as follows:
Three months ended September 30,
Nine months ended September 30,
2024
2023
2024
2023
$$$$
Stock options713 743 2,290 1,769 
DSUs263 269 778 722 
RSUs811 806 2,526 1,862 
ESPP28 27 76 85 
1,815 1,845 5,670 4,438 

The following table presents share-based compensation expense by function for the three and nine months ended September 30:

Three months ended September 30,
Nine months ended September 30,
2024
2023
2024
2023
$$$$
Cost of revenue91 90 241 206 
General and administrative1,245 1,005 3,662 2,530 
Sales and marketing268 552 1,104 1,056 
Research and development211 198 663 646 
1,815 1,845 5,670 4,438 
Schedule of Changes in Stock Options
The changes in the number of stock options during the nine months ended September 30, 2024 and 2023 were as follows:
2024
2023
Number of optionsWeighted average exercise priceNumber of optionsWeighted average exercise price
#C$#C$
Options outstanding – January 1825,091 28.37 1,349,001 13.60 
Options granted205,076 61.61 236,753 52.15 
Options forfeited(40,519)61.97 (98,570)42.67 
Options exercised(72,924)22.78 (194,188)4.88 
Options expired(1,037)49.84 — — 
Options outstanding – September 30
915,687 34.75 1,292,996 19.75 
Options exercisable – September 30
498,973 20.01 850,250 7.59 
Schedule of Number and Weighted Average Remaining Contractual Life of Stock Options Outstanding and Exercisable
The weighted average fair value of share options granted during the nine months ended September 30, 2024 and 2023 was estimated at the date of grant using the Black-Scholes option pricing model using the following inputs:
2024
2023
C$C$
Weighted average stock price valuation$61.61 $52.15 
Weighted average exercise price$61.61 $52.15 
Risk-free interest rate3.56 %3.11 %
Expected life in years4.54.5
Expected dividend yield— %— %
Volatility57 %64 %
Weighted average fair value of options issued$30.71 $28.15 
The following table is a summary of the Company’s stock options outstanding as at September 30, 2024:
Options outstandingOptions exercisable
Exercise price rangeNumber outstandingWeighted average remaining contractual life (years)Exercise price rangeNumber exercisable
C$##C$#
0.0001 - 1.09
235,320 1.98
0.0001 - 1.09
235,320 
8.86 - 11.06
23,985 6.24
8.86 - 11.06
21,242 
15.79 - 16.00
119,981 5.02
15.79 - 16.00
80,413 
26.43 - 60.00
436,293 5.05
26.43 - 60.00
149,790 
60.01 - 95.12
100,108 4.56
60.01 - 95.12
12,208 
915,687 4.24498,973 

The following table is a summary of the Company’s stock options outstanding as at September 30, 2023:
Options outstandingOptions exercisable
Exercise price rangeNumber outstandingWeighted average remaining contractual life (years)Exercise price rangeNumber exercisable
C$##C$#
0.0001 - 1.09
639,920 2.13
0.0001 - 1.09
639,920 
8.86 - 11.06
43,811 7.16
8.86 - 11.06
27,126 
15.79 - 16.00
196,930 5.82
15.79 - 16.00
107,481 
26.43 - 60.00
374,010 5.84
26.43 - 60.00
58,316 
60.01 - 95.12
38,325 5.40
60.01 -95.12
17,407 
1,292,996 4.03850,250 
Schedule of Stock Options Outstanding and Exercisable by Range of Exercise Prices
The following table is a summary of the Company’s stock options outstanding as at September 30, 2024:
Options outstandingOptions exercisable
Exercise price rangeNumber outstandingWeighted average remaining contractual life (years)Exercise price rangeNumber exercisable
C$##C$#
0.0001 - 1.09
235,320 1.98
0.0001 - 1.09
235,320 
8.86 - 11.06
23,985 6.24
8.86 - 11.06
21,242 
15.79 - 16.00
119,981 5.02
15.79 - 16.00
80,413 
26.43 - 60.00
436,293 5.05
26.43 - 60.00
149,790 
60.01 - 95.12
100,108 4.56
60.01 - 95.12
12,208 
915,687 4.24498,973 

The following table is a summary of the Company’s stock options outstanding as at September 30, 2023:
Options outstandingOptions exercisable
Exercise price rangeNumber outstandingWeighted average remaining contractual life (years)Exercise price rangeNumber exercisable
C$##C$#
0.0001 - 1.09
639,920 2.13
0.0001 - 1.09
639,920 
8.86 - 11.06
43,811 7.16
8.86 - 11.06
27,126 
15.79 - 16.00
196,930 5.82
15.79 - 16.00
107,481 
26.43 - 60.00
374,010 5.84
26.43 - 60.00
58,316 
60.01 - 95.12
38,325 5.40
60.01 -95.12
17,407 
1,292,996 4.03850,250 
Schedule of Number of DSUs and RSUs Granted
DSUs

The following table presents information concerning the number of DSUs granted by the Company:
#
DSUs – December 31, 2023
115,576 
Granted (at C$51.95 - C$68.04 per unit)
26,257 
DSUs - September 30, 2024
141,833 
RSUs

The following table presents information concerning the number of RSUs granted by the Company:
#
RSUs – December 31, 2023
160,150 
Granted (at C$50.39 - C$73.54 per unit)
102,196 
Released (at C$40.30 - $86.38 per unit)
(54,776)
Forfeited (at C$52.15 - $86.38 per unit)
(17,958)
RSUs - September 30, 2024
189,612