v3.19.3
Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Revenue (note 4) $ 88,682,000 $ 53,677,000 $ 282,267,000 $ 135,276,000
Cost of sales (note 11) 79,776,000 48,440,000 255,740,000 121,906,000
Gross profit 8,906,000 5,237,000 26,527,000 13,370,000
Selling, general and administrative expenses 6,549,000 3,682,000 19,908,000 10,838,000
Change in fair value of warrant liability (note 5) (858,000) (919,000)
Change in fair value of contingent consideration (note 4) (3,050,000)
Loss on disposal of property, plant and equipment 3,000 3,000
Restructuring charges (note 12) 6,454,000 58,000 8,624,000 154,000
Operating income (loss) (3,239,000) 1,494,000 1,964,000 2,375,000
Interest expense (note 4) 2,679,000 485,000 8,349,000 1,195,000
Income (loss) before income tax expense (5,918,000) 1,009,000 (6,385,000) 1,180,000
Income tax expense (recovery) (note 8):        
Current (103,000) 290,000 592,000 596,000
Deferred (81,000) (145,000) 14,000 (191,000)
Total income tax expense (recovery) (184,000) 145,000 606,000 405,000
Net income (loss) and comprehensive income (loss) $ (5,734,000) $ 864,000 $ (6,991,000) $ 775,000
Earnings per share of common stock:        
Basic (in dollars per share) $ (0.20) $ 0.04 $ (0.28) $ 0.04
Diluted (in dollars per share) $ (0.20) $ 0.04 $ (0.28) $ 0.04
Weighted average number of shares outstanding (note 9):        
Basic (in shares) 28,057,763 19,335,253 24,954,875 17,866,399
Diluted (in shares) 28,057,763 19,986,756 24,954,875 18,517,902

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