v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net loss $ (18.1) $ (18.4)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 32.6 31.9
Amortization of deferred financing costs 0.7 0.6
(Gain) Loss on disposal of property, plant, and equipment (0.4) 0.2
Deferred income taxes (2.6) (1.8)
Foreign currency loss (gain) 1.5 (5.2)
Stock-based compensation expense 2.5 4.1
Provision for common stock warrants 3.4 2.0
Amortization of cloud-based software implementation costs 2.2 1.9
Unrealized gain on strategic investments 0.0 (5.8)
Changes in operating assets and liabilities:    
Accounts receivable (3.1) 1.2
Inventories (2.5) (15.0)
Income tax receivable (4.4) (4.0)
Prepaid expenses and other current assets (2.2) (4.6)
Accounts payable 0.8 5.2
Accrued liabilities and other (0.6) 2.6
Change in other assets and liabilities (2.7) 0.2
Net cash provided by (used in) operating activities 7.1 (4.9)
Cash Flows from Investing Activities    
Purchases of converter equipment (11.3) (15.2)
Purchases of other property, plant, and equipment (3.6) (2.1)
Cash paid for strategic investments (10.0) (2.5)
Net cash used in investing activities (24.9) (19.8)
Cash Flows from Financing Activities    
Principal payments on term loans (2.1) (2.1)
Proceeds from financing arrangements 3.8 0.0
Payments on financing arrangements (1.3) (0.4)
Payments on finance lease liabilities (0.9) (1.5)
Other financing activities, net (0.6) (0.9)
Net cash used in financing activities (1.1) (4.9)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (0.9) 2.7
Net Decrease in Cash and Cash Equivalents (19.8) (26.9)
Cash and Cash Equivalents, beginning of period 63.0 76.1
Cash and Cash Equivalents, end of period $ 43.2 $ 49.2