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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenue:        
Total net revenue $ 444.7 $ 426.2 $ 1,235.9 $ 1,177.3
Cost of goods sold:        
Total cost of goods sold 335.6 329.7 946.3 919.2
Gross profit:        
Total gross profit 109.1 96.5 289.6 258.1
Operating expenses:        
Selling, general and administrative 85.2 63.6 241.1 180.4
Marketing 11.5 9.2 29.8 26.9
Research and development 16.8 9.8 47.4 31.7
Depreciation and amortization 1.2 1.2 3.7 3.3
Total operating expenses 114.7 83.8 322.0 242.3
(Loss) income from operations (5.6) 12.7 (32.4) 15.8
Interest income, net 4.0 3.5 11.1 9.0
Other income (expense), net 1.1 (0.1) 4.4 0.1
Total non-operating income, net 5.1 3.4 15.5 9.1
(Loss) income before income taxes (0.5) 16.1 (16.9) 24.9
(Benefit from) provision for income taxes (1.0) 2.3 (5.5) 9.9
Net income (loss) $ 0.5 [1] $ 13.8 $ (11.4) $ 15.0
Net income (loss) per share attributable to Class A and Class B stockholders:        
Basic (in dollars per share) $ 0.00 $ 0.07 $ (0.06) $ 0.08
Diluted (in dollars per share) $ 0.00 $ 0.07 $ (0.06) $ 0.08
Weighted-average Class A and Class B common shares outstanding:        
Basic (in shares) 201.6 196.7 199.6 196.0
Diluted (in shares) 211.7 199.9 199.6 200.2
Device        
Net revenue:        
Total net revenue $ 247.7 $ 270.0 $ 709.9 $ 753.4
Cost of goods sold:        
Total cost of goods sold 254.4 273.3 723.0 754.7
Gross profit:        
Total gross profit (6.7) (3.3) (13.1) (1.3)
Platform+        
Net revenue:        
Total net revenue 197.0 156.2 526.0 423.9
Cost of goods sold:        
Total cost of goods sold 81.2 56.4 223.3 164.5
Gross profit:        
Total gross profit $ 115.8 $ 99.8 $ 302.7 $ 259.4
[1] Totals may not sum due to rounding