Download free ffo36/7/2023 ![]() ![]() Capital expenditures 2 during the first quarter totalled $0.7 million.As of the end of April 2023, we have retired 926,200 shares at an average cost of $1.95 per share. Our Normal Course Issuer Bid (“NCIB”) program retired 360,100 common shares (1.3% of basic common shares) at an average cost of $2.27 per share during the first quarter of 2023.We ended the quarter with positive adjusted working capital 2 of $18.8 million, an increase of $4.7 million over year-end 2022 as a result of the free cash flow 2 generated in Q1 2023.Q1 2023 net income was lower than net income of $3.5 million in Q1 2022, due to a $4.2 million impairment reversal which occurred in Q1 2022. ![]()
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