Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 206.8 $ 191.2 $ 606.5 $ 570.5
Cost of revenues:        
Total cost of revenues 113.9 110.4 329.1 322.6
Gross profit 92.9 80.8 277.4 247.9
Operating expenses:        
Selling, general and administrative 84.3 83.7 255.9 252.8
Research and development 10.2 7.9 26.9 23.9
(Gain) loss on disposal of business 0.0 0.3 (1.2) 6.5
Total operating expenses 94.5 91.9 281.6 283.2
Loss from operations (1.6) (11.1) (4.2) (35.3)
Other expense (income):        
Interest expense 14.1 15.5 44.7 46.1
Interest income (1.4) (1.3) (5.1) (3.4)
Loss on debt extinguishment 0.0 0.0 0.0 2.6
Foreign currency (gain) loss, net (0.9) 1.5 0.2 1.0
Increase (decrease) in fair value of warrant liabilities 0.0 (12.8) 5.3 6.3
Other (income) expense, net (0.4) (0.3) 0.3 (0.6)
Loss before income taxes (13.0) (13.7) (49.6) (87.3)
Loss (benefit) from income taxes 1.0 (0.8) 2.9 (3.1)
Net loss (14.0) (12.9) (52.5) (84.2)
Loss attributable to noncontrolling interests (0.4) (0.8) (1.4) (2.5)
Net loss attributable to Mirion Technologies, Inc. $ (13.6) $ (12.1) $ (51.1) $ (81.7)
Net loss per common share attributable to Mirion Technologies, Inc. — basic (in dollars per share) $ (0.07) $ (0.06) $ (0.25) $ (0.42)
Net loss per common share attributable to Mirion Technologies, Inc. — diluted (in dollars per share) $ (0.07) $ (0.06) $ (0.25) $ (0.42)
Weighted average common shares outstanding — basic (in shares) 206,676 199,223 202,881 195,388
Weighted average common shares outstanding — diluted (in shares) 206,676 199,223 202,881 195,388
Product        
Revenues:        
Total revenues $ 153.2 $ 142.6 $ 447.3 $ 421.6
Cost of revenues:        
Total cost of revenues 85.8 84.8 247.0 243.4
Service        
Revenues:        
Total revenues 53.6 48.6 159.2 148.9
Cost of revenues:        
Total cost of revenues $ 28.1 $ 25.6 $ 82.1 $ 79.2