Non-IFRS net income (loss) is defined as total comprehensive income (loss) before share-based transaction expense, exchange difference related to translating foreign operations, unrealized currency gains/losses and non-recurring or one-time items such as: share offering costs, listing fees, convertible preferred share revaluation adjustment, fair value adjustment on warrant liability and provision for repayable government assistance. Non-IFRS net income (loss) does not have any standardized meaning prescribed by IFRS and is not necessarily comparable to similar measures presented by other companies. Non-IFRS net income (loss) from operations should not be considered in isolation or as a substitute for comprehensive income (loss) prepared in accordance with IFRS.
ViXS has provided a comparison of comprehensive income (loss) to non-IFRS net loss in the following table:
Nine Month Period
Three Month Period Ended Ended
October October October October
31, July 31, 31, 31, 31,
2015 2015 2014 2015 2014
----------------------------------------------------------------------------
Comprehensive loss for the
period ($3,183) ($3,013) ($2,906) ($7,967) ($11,794)
R&D adjustments
Stock-based compensation
expense 92 (130) 251 125 702
Provision for repayment
of government assistance (47) (854) (14) (901) (419)
Selling, general and
administrative -
Stock based compensation
expense 111 55 156 (48) 815
Other Income/Expense
adjustments -
Unrealized currency loss
(gain) 233 290 304 104 (255)
Other adjustments -
Exchange differences on
translating foreign
operations (11) 13 27 7 45
------------------------------ -------------------
Non-IFRS net loss ($2,805) ($3,639) ($2,182) ($8,680) ($10,906)
============================== ===================
Non-IFRS EPS basic ($0.06) ($0.07) ($0.04) ($0.15) ($0.17)
Non-IFRS EPS Diluted ($0.06) ($0.07) ($0.04) ($0.15) ($0.17)
FORWARD-LOOKING STATEMENTS
