Sales-Type Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Sales-Type Leases

Note 4: Sales-Type Leases

Revenue from sales-type leases was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in $000s)	2023		2022		2023		2022
Equipment sales	$	19,603	$	7,671	$	43,775	$	19,908
Cost of equipment sales	19,415		6,765		42,640		17,135
Gross profit	$	188	$	906	$	1,135	$	2,773

As these transactions remained under rental contracts, $7.9 million and $5.2 million for the three months ended June 30, 2023 and 2022, respectively, and $15.1 million and $10.4 million for the six months ended June 30, 2023 and 2022, respectively were billed under the contracts as rentals. Interest income from financing receivables was $4.4 million and $2.2 million for the three months ended June 30, 2023 and 2022, respectively, and $7.8 million and $5.1 million, for the six months ended June 30, 2023 and 2022, respectively.