XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Total Revenue $ 81,743 $ 61,492
Cost of Revenue    
Cost of rental revenue 40,228 24,409
Depreciation of rental equipment 20,112 16,731
Major repair disposals 700 762
Total cost of revenue 60,340 41,140
Gross Profit 21,403 20,352
Operating Expenses    
Selling, general and administrative expenses 11,618 7,579
Licensing and titling expenses 821 653
Amortization and non-rental depreciation 716 770
Transaction expenses 736 2,510
Other operating expenses 716 150
Total Operating Expenses 14,607 11,662
Operating Income 6,796 8,690
Other Expense    
Interest expense, net (16,014) (14,993)
Other (income) expense, net 6,021 (13)
Total other expense 22,035 14,980
Loss Before Income Taxes (15,239) (6,290)
Income Tax Expense 730 434
Net Loss $ (15,969) $ (6,724)
Loss per Share:    
Basic and diluted net loss per share (USD per share) $ (0.33) $ (0.31)
Weighted-average-common shares outstanding:    
Weighted-average basic and diluted shares outstanding (in shares) 49,033,903 21,660,638
Revenue    
Revenue    
Total Revenue $ 50,994 $ 45,642
Cost of Revenue    
Cost of rental revenue 13,786 11,057
Rental Equipment    
Revenue    
Total Revenue 9,093 7,399
Cost of Revenue    
Cost of rental revenue 7,728 5,934
New Equipment    
Revenue    
Total Revenue 7,577 2,350
Cost of Revenue    
Cost of rental revenue 6,654 1,806
Sales of new equipment    
Revenue    
Total Revenue 14,079 6,101
Cost of Revenue    
Cost of rental revenue $ 11,360 $ 4,850