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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, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 74.9 $ 77.6 $ 206.8 $ 141.9
Cost of sales, excluding depreciation and amortization:        
Cost of service (14.2) (13.8) (37.7) (23.9)
Cost of product sales (3.9) (4.7) (10.4) (10.6)
Selling, general and administrative expenses (31.7) (33.0) (93.2) (76.7)
Acquisition and integration related transaction expenses (0.1) (0.3) (1.5)
Depreciation and amortization (8.8) (11.2) (28.7) (36.2)
Net operating income (loss) 16.2 14.9 36.5 (7.0)
Other (expense) income        
Interest expense, net (6.2) (7.2) (18.7) (37.9)
Change in fair value of warrant liability 17.3 3.8
Gain on disposal of business 0.9
Other finance income 0.3 0.3 0.9 5.5
Total other income (expense), net (5.9) 10.4 (16.9) (28.6)
Income (loss) before income taxes 10.3 25.3 19.6 (35.6)
Income tax (expense) benefit (0.1) (0.3) (0.4) 0.1
Net income (loss) 10.2 25.0 19.2 (35.5)
Other comprehensive (loss)/income:        
Foreign currency translation gain (loss) 4.8 3.2 13.0 2.2
Change in fair value of hedging instrument 0.3
Reclassification of loss on hedging instrument to comprehensive income 0.1 0.3 0.5 1.3
Actuarial (losses) gains on pension plan (6.2) 0.4 (2.9) 5.9
Other comprehensive (loss) income (1.3) 3.9 10.6 9.7
Comprehensive income (loss) $ 8.9 $ 28.9 $ 29.8 $ (25.8)
Net income (loss) per common share – basic $ 0.39 $ 1.10 $ 0.72 $ (1.57)
Net income (loss) per common share – diluted $ 0.35 $ 0.30 $ 0.66 $ (1.57)
Weighted average number of shares outstanding during the period – basic 26,247,046 22,744,022 26,639,084 22,641,188
Weighted average number of shares outstanding during the period – diluted 28,845,331 25,763,351 29,308,455 22,641,188
Stock-based compensation included in:        
Selling, general and administrative expenses $ (2.5) $ (3.8) $ (7.9) $ (8.6)
Service [Member]        
Revenue:        
Total revenue 69.2 68.7 191.0 123.3
Product Sales [Member]        
Revenue:        
Total revenue $ 5.7 $ 8.9 $ 15.8 $ 18.6