UrtheCast Reports Strong Third Quarter 2016 Revenue and EBITDA Growth

 


Three Months ended September 30,

Nine Months ended September 30,



2016


2015


2016


2015

NON-IFRS REVENUE:









Revenue per income statement

$

20,651

$

15,019

$

53,776

$

23,252

Non-cash revenue


(5,128)


(5,753)


(15,541)


(5,753)

NON-IFRS REVENUE


15,523


9,266

$

38,235

$

17,499










ADJUSTED EBITDA:









Net loss

$

(9,618)

$

(11,947)

$

(20,995)

$

(17,373)

Add back (subtract):









Depreciation and amortization


6,321


5,838


19,277


6,003

Net finance costs


535


147


1,636


276

Income tax recovery


(251)


83


(2,907)


83

EBITDA


(3,013)


(5,879)


(2,989)


(11,011)

Non-cash revenue


(5,128)


(5,753)


(15,541)


(5,753)

Non-cash operating costs


3,859


3,876


11,736


3,876

Asset impairment


7,780


-


7,780


-

Share-based payments expense


769


946


1,892


2,297

Deimos acquisition costs


-


2,295


-


5,325

Loss on derivative financial instruments


775


-


775


-

Foreign exchange losses (gains)


(296)


235


106


66

ADJUSTED EBITDA

$

4,746

$

(4,280)

$

3,759

$

(5,200)


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