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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Net revenue $ 292.7 $ 192.1 $ 561.5 $ 372.6
Cost of revenues:        
Cost of revenue 215.8 145.8 417.3 279.2
Gross profit 76.9 46.3 144.2 93.4
General and administrative expenses 71.6 43.7 136.5 94.8
Depreciation and amortization expense 2.1 1.7 4.1 2.7
Total general and administrative expenses 73.7 45.4 140.6 97.5
Income (loss) from operations 3.2 0.9 3.6 (4.1)
Other income (expense)        
Interest expense, floor plan payable – new equipment (0.5) (0.3) (1.0) (1.3)
Interest expense – other (5.4) (5.4) (10.6) (10.3)
Other income   0.3 0.1 0.7
Loss on extinguishment of debt (11.9) (7.6) (11.9) (7.6)
Total other income (expense) (17.8) (5.4) (23.4) (18.5)
Loss before taxes (14.6) (4.5) (19.8) (22.6)
Income tax provision (benefit) 0.0 (0.4) 0.5 (1.5)
Net loss (14.6) (4.1) (20.3) (21.1)
Preferred stock dividends (1.1)   (1.1)  
Net loss available to common shareholders $ (15.7) $ (4.1) $ (21.4) $ (21.1)
Basic loss per share $ (0.48) $ (0.14) $ (0.68) $ (0.88)
Diluted loss per share $ (0.48) $ (0.14) $ (0.68) $ (0.88)
Basic weighted average common shares outstanding 32,403,151 29,039,177 31,204,239 23,903,579
Diluted weighted average common shares outstanding 32,553,526 29,039,177 31,344,518 23,903,579
New and Used Equipment Sales        
Revenues:        
Net revenue $ 132.0 $ 95.1 $ 255.8 $ 177.3
Cost of revenues:        
Cost of revenue 112.5 83.5 219.0 155.9
Parts Sales        
Revenues:        
Net revenue 44.1 28.1 85.5 56.8
Cost of revenues:        
Cost of revenue 30.6 19.4 59.3 39.0
Service Revenue        
Revenues:        
Net revenue 42.4 28.4 81.1 58.6
Cost of revenues:        
Cost of revenue 16.4 11.0 30.9 22.4
Rental Revenue        
Revenues:        
Net revenue 38.2 26.0 71.3 51.2
Cost of revenues:        
Cost of revenue 5.2 4.5 10.7 9.4
Rental Equipment Sales        
Revenues:        
Net revenue 36.0 14.5 67.8 28.7
Cost of revenues:        
Cost of revenue 29.8 12.4 56.7 24.6
Rental Depreciation        
Cost of revenues:        
Cost of revenue $ 21.3 $ 15.0 $ 40.7 $ 27.9