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.
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CONTACT: Vecima Networks
Investor Relations - 250-881-1982
invest@vecima.com
(END) Dow Jones Newswires
May 11, 2023 06:00 ET (10:00 GMT)