Interest paid           (707)       (55)    (1,406)       (74) 
Cash provided by 
 discontinued 
 operations                 -      (190)          -      (190) 
------------------   --------   --------   --------   -------- 
Cash provided by 
 (used in) 
 operating 
 activities             3,836    (3,884)   (15,594)    (7,039) 
------------------   --------   --------   --------   -------- 
INVESTING 
ACTIVITIES 
Capital 
 expenditures, 
 net                  (1,060)    (1,584)    (2,311)    (4,540) 
Deferred 
 development 
 costs                (6,387)    (5,129)   (17,194)   (12,894) 
------------------   --------   --------   --------   -------- 
Cash used in 
 investing 
 activities           (7,447)    (6,713)   (19,505)   (17,434) 
------------------   --------   --------   --------   -------- 
FINANCING 
ACTIVITIES 
Principal 
 repayments of 
 lease 
 liabilities            (489)      (421)    (1,311)    (1,208) 
Repayment of short 
 and long-term 
 debt                   (281)       (63)      (448)      (188) 
Proceeds from 
 long-term debt             -     12,191          -     12,191 
Proceeds from 
 short-term debt          585          -        585          - 
Dividends paid        (1,331)    (1,270)    (3,873)    (3,808) 
Proceeds from 
 common share 
 issuance                   -          -     15,926          - 
Issuance of shares 
 through exercised 
 options                  453         97        502        426 
Withholding taxes 
 on PSUs                 (53)          -    (1,506)    (1,073) 
------------------   --------   --------   --------   -------- 
Cash provided by 
 (used in) 
 financing 
 activities           (1,116)     10,534      9,875      6,340 
------------------   --------   --------   --------   -------- 
Net decrease in 
 cash and cash 
 equivalents          (4,727)       (63)   (25,224)   (18,133) 
Effect of change 
 in exchange rates 
 on cash                  506        350       (23)      (148) 
Cash and cash 
 equivalents, 
 beginning of 
 period               (8,124)     10,341     12,902     28,909 
------------------   --------   --------   --------   -------- 
Cash and cash 
 equivalents, end 
 of period (1)      $(12,345)  $  10,628  $(12,345)  $  10,628 
------------------   --------   --------   --------   -------- 
(1) Cash and cash equivalents is net of the revolving line of 
credit balance reflected in the Company's Consolidated 
Statements of Financial Position. 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230511005329/en/

 
    CONTACT:    Vecima Networks 

Investor Relations - 250-881-1982

invest@vecima.com

(END) Dow Jones Newswires

May 11, 2023 06:00 ET (10:00 GMT)