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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 60.1 $ 26.6 $ 128.0 $ 87.0
Cost of sales, excluding depreciation and amortization:        
Selling, general and administrative expenses (21.9) (11.5) (61.6) (39.0)
Stock-based compensation expense (1.1) (2.2) (3.1) (6.6)
Acquisition and integration related transaction expenses (1.2) (3.3) (5.6) (4.9)
Depreciation and amortization (14.0) (8.3) (39.9) (27.1)
Net operating loss 8.2 (5.7) (12.9) (10.9)
Other (expense) income        
Interest income 0.1 0.5 0.1
Interest expense (8.3) (4.4) (22.5) (12.9)
Change in fair value of earnout liability (2.3)
Change in fair value of derivative liability 2.9 2.8
Loss from equity method investee (0.5)
Other finance income (expense) 0.3 (1.2) (5.9) (0.9)
Total other expense, net (7.9) (2.7) (28.4) (13.2)
Income (loss) before income taxes 0.3 (8.4) (41.3) (24.1)
Income tax expense (0.1) (0.3) (0.1)
Net loss 0.3 (8.5) (41.6) (24.2)
Other comprehensive loss:        
Foreign currency translation (loss) gain (4.2) 0.5 (0.7) 0.7
Change in fair value of hedging instrument (0.4) 3.1 (2.7) 3.4
Reclassification of gain on hedging instrument to comprehensive income 0.3 (3.4) 1.0 (4.5)
Actuarial losses on pension plan (0.3) (3.1) (4.6) (4.2)
Other comprehensive loss (4.6) (2.9) (7.0) (4.6)
Comprehensive loss $ (4.3) $ (11.4) $ (48.6) $ (28.8)
Net income (loss) per common share – basic and diluted (in Dollars per share) $ 0.01 $ (0.38) $ (1.86) $ (1.11)
Weighted average number of shares outstanding during the period – basic (in Shares) 22,405,376 22,193,955 22,396,652 21,790,075
Weighted average number of shares outstanding during the period – diluted (in Shares) 23,344,402 22,193,955 22,396,652 21,790,075
Service        
Revenue:        
Total revenue $ 56.4 $ 23.8 $ 114.8 $ 80.2
Cost of sales, excluding depreciation and amortization:        
Cost of goods and services sold (11.2) (4.7) (20.9) (15.4)
Hardware        
Revenue:        
Total revenue 3.7 2.8 13.2 6.8
Cost of sales, excluding depreciation and amortization:        
Cost of goods and services sold $ (2.5) $ (2.3) $ (9.8) $ (4.9)