v3.26.1
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net product revenue $ 86.4 $ 77.8 $ 168.2 $ 155.4
Machine lease revenue 18.8 14.5 38.2 28.1
Net revenue 105.2 92.3 206.4 183.5
Cost of product sales 64.4 56.0 123.9 110.8
Cost of leased machines 6.3 7.4 13.1 12.9
Gross profit 34.5 28.9 69.4 59.8
Selling, general and administrative expenses 27.6 28.8 56.8 57.7
Depreciation and amortization expense 8.6 8.8 17.6 17.8
Other operating expense, net 0.7 1.0 1.2 2.0
Loss from operations (2.4) (9.7) (6.2) (17.7)
Interest expense 8.1 8.3 16.7 17.0
Foreign currency loss (gain) 0.2 (2.6) 1.5 (5.2)
Other non-operating expense (income), net 0.1 (5.9) 0.1 (5.9)
Loss before income tax benefit (10.8) (9.5) (24.5) (23.6)
Income tax benefit (2.9) (2.0) (6.4) (5.2)
Net loss $ (7.9) $ (7.5) $ (18.1) $ (18.4)
Basic loss per share (in usd per share) $ (0.09) $ (0.09) $ (0.21) $ (0.22)
Diluted loss per share (in usd per share) $ (0.09) $ (0.09) $ (0.21) $ (0.22)
Weighted average number of shares outstanding – basic (in shares) 85,632,691 84,274,167 85,393,528 83,987,624
Weighted average number of shares outstanding – diluted (in shares) 85,632,691 84,274,167 85,393,528 83,987,624
Other comprehensive income (loss), before tax        
Foreign currency translation adjustments $ 0.7 $ (4.6) $ (0.6) $ (7.2)
Cross-currency swap adjustments 0.4 (0.6) 0.0 (1.2)
Total other comprehensive income (loss), before tax 1.1 (5.2) (0.6) (8.4)
Provision (benefit) for income taxes related to other comprehensive income (loss) 0.5 (4.6) 1.1 (7.0)
Total other comprehensive income (loss), net of tax 0.6 (0.6) (1.7) (1.4)
Comprehensive loss, net of tax $ (7.3) $ (8.1) $ (19.8) $ (19.8)