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Consolidated Balance Sheets
£ in Millions, $ in Millions
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Assets    
Cash $ 40.0 $ 25.0
Accounts receivable, net 40.6 40.4
Inventory, net 32.3 30.3
Prepaid expenses and other current assets 39.6 31.2
Total current assets 152.5 126.9
Property and equipment, net 62.8 45.1
Software development costs, net 21.8 18.3
Other acquired intangible assets subject to amortization, net 13.4 14.6
Goodwill 58.8 55.5
Operating lease right of use asset 14.2 16.0
Costs of obtaining and fulfilling customer contracts, net 9.4 7.0
Other assets 8.0 3.8
Total assets 340.9 287.2
Current liabilities    
Accounts payable and accrued expenses 60.8 52.7
Corporate tax and other current taxes payable 6.3 10.1
Deferred revenue, current 5.6 4.6
Operating lease liabilities 4.7 3.9
Current portion of long-term debt 19.1
Other current liabilities 4.2 3.6
Total current liabilities 100.7 74.9
Long-term debt 295.6 277.6
Finance lease liabilities, net of current portion 1.6 1.2
Deferred revenue, net of current portion 7.1 2.8
Operating lease liabilities 9.8 12.3
Other long-term liabilities 4.1 4.0
Total liabilities 418.9 372.8
Commitments and contingencies
Stockholders’ deficit    
Preferred stock; $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively
Common stock; $0.0001 par value; 49,000,000 shares authorized; 26,219,021 shares and 25,909,516 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively
Additional paid in capital 386.1 378.2
Accumulated other comprehensive income 44.5 50.8
Accumulated deficit (508.6) (514.6)
Total stockholders’ deficit (78.0) (85.6)
Total liabilities and stockholders’ deficit $ 340.9 $ 287.2