UrtheCast Reports Strong Second Quarter 2016 Financial Results

 


Three Months ended June 30,

Six Months ended June 30,



2016


2015


2016


2015

NON-IFRS REVENUE:









Revenue per income statement

$

20,973

$

4,975

$

33,125

$

8,233

Non-cash revenue


(5,079)


-


(10,413)


-

NON-IFRS REVENUE


15,894


4,975

$

22,712

$

8,233

ADJUSTED EBITDA:









Net loss

$

(277)

$

(5,676)

$

(11,377)

$

(5,426)

Add back (subtract):









Depreciation and amortization


6,392


102


12,956


165

Net finance costs


580


59


1,101


129

Income tax recovery


(1,210)


-


(2,656)


-

EBITDA


5,485


(5,515)


24


(5,132)

Non-cash revenue


(5,079)


-


(10,413)


-

Non-cash operating costs


3,811


-


7,877


-

Share-based payments expense


565


647


1,123


1,351

Deimos acquisition costs


-


3,030


-


3,030

Foreign exchange losses (gains)


210


34


402


(169)

ADJUSTED EBITDA

$

4,992

$

(1,804)

$

(987)

$

(920)





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