The digital content distributor for broadcasters was embroiled in a dispute this summer as a dissident former chair, Adam Adamou, advocated a management shakeup.
At stake was IDC's strategy shift from acquiring businesses for growth, to focusing on existing clients. About 58 per cent of shareholders who voted chose for IDC's strategy over Mr. Adamou's.
"Offsetting the cost of this activity, the results of the on-going operational turnaround began to positively impact the corporation's operating expenses," IDC stated in quarterly results released late Tuesday.
In a press release, IDC did not further break down the $604,000 cost to explain how much was related to the battle and how much related to the acquisition strategy.
IDC posted a $305,000 net loss in the second quarter of fiscal 2013. Last year in the same quarter, the Ottawa-headquartered firm had net income of $88,000.
Revenues declined 15 per cent to $6.3 million, down from $7.3 million last year. IDC said that was due to lower systems revenue from finishing a direct-to-home broadcasting project in Kenya.
IDC further stated it did restructuring in the first quarter to contain costs, and that it won three contracts worth more than $2 million for content distribution in Latin America, Europe and North America.