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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash $ 23.5 $ 40.0
Accounts receivable, net 41.9 40.6
Inventory 30.4 32.3
Prepaid expenses and other current assets 39.7 39.6
Total current assets 135.5 152.5
Property and equipment, net 61.4 62.8
Software development costs, net 23.1 21.8
Other acquired intangible assets subject to amortization, net 16.7 13.4
Goodwill 58.3 58.8
Operating lease right of use asset 15.3 14.2
Costs of obtaining and fulfilling customer contracts, net 10.3 9.4
Other assets 6.0 8.0
Total assets 326.6 340.9
Current liabilities    
Accounts payable and accrued expenses 47.7 60.8
Corporate tax and other current taxes payable 4.5 6.3
Deferred revenue, current 4.9 5.6
Operating lease liabilities 5.2 4.7
Current portion of long-term debt 19.0 19.1
Other current liabilities 6.4 4.2
Total current liabilities 87.7 100.7
Long-term debt 294.0 295.6
Finance lease liabilities, net of current portion 2.0 1.6
Deferred revenue, net of current portion 7.2 7.1
Operating lease liabilities 10.3 9.8
Other long-term liabilities 2.8 4.1
Total liabilities 404.0 418.9
Commitments and contingencies
Stockholders’ deficit    
Preferred stock; $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively.
Common stock; $0.0001 par value; 49,000,000 shares authorized; 26,571,308 shares and 26,219,021 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively
Additional paid in capital 389.0 386.1
Accumulated other comprehensive income 45.9 44.5
Accumulated deficit (512.3) (508.6)
Total stockholders’ deficit (77.4) (78.0)
Total liabilities and stockholders’ deficit $ 326.6 $ 340.9