v3.19.2
Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Revenue (note 4) $ 90,936,000 $ 44,479,000 $ 193,585,000 $ 81,599,000
Cost of sales (note 11) 81,939,000 40,196,000 175,964,000 73,466,000
Gross profit 8,997,000 4,283,000 17,621,000 8,133,000
Selling, general and administrative expenses 6,600,000 3,647,000 13,298,000 7,156,000
Change in fair value of contingent consideration (note 4) (3,050,000)
Restructuring charges (note 4) 1,546,000 96,000 2,170,000 96,000
Operating income 851,000 540,000 5,203,000 881,000
Interest expense (note 4) 2,800,000 403,000 5,670,000 710,000
(Loss) income before income taxes (1,949,000) 137,000 (467,000) 171,000
Income tax expense (recovery) (note 8):        
Current 416,000 196,000 695,000 306,000
Deferred 103,000 38,000 95,000 (46,000)
Total income tax expense (recovery) 519,000 234,000 790,000 260,000
Net loss and comprehensive loss $ (2,468,000) $ (97,000) $ (1,257,000) $ (89,000)
Net loss per share of common stock:        
Basic (in dollars per share) $ (0.10) $ (0.01) $ (0.05) $ (0.01)
Diluted (in dollars per share) $ (0.10) $ (0.01) $ (0.05) $ (0.01)
Weighted average number of shares outstanding (note 9):        
Basic (in shares) 23,557,944 17,222,439 23,403,431 17,131,971
Diluted (in shares) 23,557,944 17,222,439 23,403,431 17,131,971

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