exactEarth Announces Q3 Fiscal 2021 Financial Results and Agreement to be Acquired by Spire Global
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exactEarth™ Ltd. |
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Interim Condensed Consolidated Statements of Loss and Comprehensive Loss |
| (in thousands of Canadian dollars except for per share figures) |
| (unaudited) |
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Three months ended |
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Nine months ended |
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July 31, |
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July 31, |
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July 31, |
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July 31, |
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2021 |
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2020 |
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2021 |
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2020 |
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$ |
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$ |
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$ |
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$ |
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Revenue |
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6,022 |
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4,789 |
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17,262 |
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|
13,329 |
|
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Cost of revenue |
|
2,917 |
|
|
3,005 |
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8,439 |
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|
8,048 |
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Gross profit |
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3,105 |
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1,784 |
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8,823 |
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5,281 |
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Selling, general and administrative |
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3,014 |
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1,617 |
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7,688 |
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5,957 |
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Product development and research and development |
|
258 |
|
|
116 |
|
|
781 |
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|
628 |
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Depreciation and amortization |
|
170 |
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|
178 |
|
|
525 |
|
|
669 |
|
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(Recovery) loss on disposal |
|
- |
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|
(13 |
) |
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- |
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|
825 |
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| Loss from operations |
|
(337 |
) |
|
(114 |
) |
|
(171 |
) |
|
(2,798 |
) |
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| Other expenses |
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Other expense |
|
9 |
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- |
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|
36 |
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- |
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Foreign exchange (gain) loss |
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(137 |
) |
|
(71 |
) |
|
507 |
|
|
(189 |
) |
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Share of equity investment loss |
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- |
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|
450 |
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- |
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|
450 |
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Interest income |
|
(17 |
) |
|
(13 |
) |
|
(43 |
) |
|
(67 |
) |
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Interest expense |
|
57 |
|
|
461 |
|
|
703 |
|
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1,321 |
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| Total other expenses |
|
(88 |
) |
|
827 |
|
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1,203 |
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1,515 |
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Income tax expense |
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- |
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- |
|
|
109 |
|
|
119 |
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| Net loss |
|
(249 |
) |
|
(941 |
) |
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(1,483 |
) |
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(4,432 |
) |
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| Other comprehensive loss |
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Item that may be subsequently reclassified to net loss: |
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Foreign currency translation, net of income tax expense of nil |
(50 |
) |
|
(53 |
) |
|
(3 |
) |
|
(117 |
) |
| Total other comprehensive loss |
|
(50 |
) |
|
(53 |
) |
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(3 |
) |
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(117 |
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| Comprehensive loss |
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(299 |
) |
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(994 |
) |
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(1,486 |
) |
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(4,549 |
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| Loss per share |
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Basic and diluted loss per share |
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(0.00 |
) |
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(0.04 |
) |
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(0.03 |
) |
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(0.20 |
) |
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