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Press Release: AgJunction Reports Third Quarter -3-

Dow Jones Newswires ·  Nov 15, 2021 20:50

Amortization 2,105 1,450
Share-based payment transactions 237 120
Allowance loss on trade receivables - 4
Recovery (write down) of reserve for slow
moving and obsolete inventories - 7
Loss on disposal of property, plant and
equipment - 68
Gain on loan forgiveness (1,466) -
Change in operating working capital:
Accounts receivable 482 (372)
Inventories 790 (3,991)
Contract assets 7 -
Prepaid expenses and deposits 279 202
Accounts payable and accrued liabilities 440 (396)
Provisions (298) 24
Deferred revenue 3,094 (281)
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Cash flows provided by (used in) operating
activities: 894 (5,702)
Cash flows provided by and used in
financing activities:
Interest payments on lease liabilities (24) (34)
Principal payments on lease liabilities (280) (306)
Paycheck Protection Program Loan proceeds 1,466 1,540
Paycheck Protection Program Loan repayment - (1,540)
Cash flows provided by (used in) financing
activities: 1,162 (340)
Cash flows used in investing
activities:
Increase in notes receivable, net of
principal payments received (798) 192
Purchase of property, plant and equipment (159) (79)
Intangible asset addition, net (1,688) (1,403)
Cash flows used in investing activities: (2,645) (1,290)
Decrease in cash and cash equivalents (589) (7,332)
Cash and cash equivalents, beginning of period 6,773 17,248
------------------------------------------------ ------ ------ ------
Cash and cash equivalents, end of
period $ 6,184 $ 9,916
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AgJunction Inc.
Earnings Before Interest, Taxes, Depreciation and
Amortization (EBITDA) Reconciliation
Three and Nine months ended September 30, 2021 and
2020
(unaudited - expressed in U.S. thousand
dollars)
Three months ended Nine months ended
September 30, September 30,
-------------------- ---------------------
2021 2020 2021 2020
----------------- ----- ------ ------ ------
Net loss $ (851) $(1,257) $ (5,284) $(3,077)
Interest
(income) (1) (11) (8) (89)
Depreciation
&
Amortization 943 696 2,613 1,990
EBITDA $ 91 $ (572) $ (2,679) $(1,176)
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