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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net revenue $ 192.1 $ 135.9 $ 372.6 $ 238.2
Cost of revenues:        
Cost of revenue 145.8 97.3 279.2 172.1
Gross profit 46.3 38.6 93.4 66.1
General and administrative expenses 43.7 32.8 94.8 58.1
Depreciation and amortization expense 1.7 0.7 2.7 1.3
Total general and administrative expenses 45.4 33.5 97.5 59.4
Income (loss) from operations 0.9 5.1 (4.1) 6.7
Other income (expense)        
Interest expense, floor plan payable – new equipment (0.3) (0.8) (1.3) (1.5)
Interest expense – other (5.4) (4.2) (10.3) (8.0)
Other income 0.3 0.3 0.7 0.6
Loss on extinguishment of debt     (7.6)  
Total other income (expense) (5.4) (4.7) (18.5) (8.9)
(Loss) income before taxes (4.5) 0.4 (22.6) (2.2)
Income tax benefit (0.4) 0.0 (1.5) 0.0
Net (loss) income $ (4.1) $ 0.4 $ (21.1) $ (2.2)
Basic and diluted (loss) income per share $ (0.14) $ 0.05 $ (0.88) $ (0.31)
Basic and diluted weighted average common shares outstanding 29,039,177 7,300,000 23,903,579 7,300,000
New and Used Equipment Sales        
Revenues:        
Net revenue $ 95.1 $ 61.2 $ 177.3 $ 106.0
Cost of revenues:        
Cost of revenue 83.5 53.5 155.9 93.2
Parts Sales        
Revenues:        
Net revenue 28.1 20.6 56.8 37.1
Cost of revenues:        
Cost of revenue 19.4 13.6 39.0 24.5
Service Revenue        
Revenues:        
Net revenue 28.4 22.7 58.6 39.9
Cost of revenues:        
Cost of revenue 11.0 8.1 22.4 14.3
Rental Revenue        
Revenues:        
Net revenue 26.0 22.1 51.2 39.1
Cost of revenues:        
Cost of revenue 4.5 3.6 9.4 7.1
Rental Equipment Sales        
Revenues:        
Net revenue 14.5 9.3 28.7 16.1
Cost of revenues:        
Cost of revenue 12.4 7.8 24.6 13.8
Rental Depreciation        
Cost of revenues:        
Cost of revenue $ 15.0 $ 10.7 $ 27.9 $ 19.2