Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 197,200,000 $ 175,800,000 $ 379,300,000 $ 339,000,000.0
Cost of revenues:        
Total cost of revenues 109,200,000 96,800,000 212,200,000 195,600,000
Gross profit 88,000,000.0 79,000,000.0 167,100,000 143,400,000
Operating expenses:        
Selling, general and administrative 84,000,000.0 91,000,000.0 169,100,000 181,900,000
Research and development 8,400,000 7,400,000 16,000,000.0 14,500,000
Goodwill impairment 0 55,200,000 0 55,200,000
Loss on disposal of business 6,200,000 0 6,200,000 0
Total operating expenses 98,600,000 153,600,000 191,300,000 251,600,000
Loss from operations (10,600,000) (74,600,000) (24,200,000) (108,200,000)
Other expense (income):        
Third party interest expense 13,600,000 8,400,000 28,500,000 16,300,000
Loss on debt extinguishment 0 0 2,600,000 0
Foreign currency (gain) loss, net (200,000) 3,300,000 (500,000) 4,800,000
Increase (decrease) in fair value of warrant liabilities 5,700,000 (19,600,000) 19,100,000 (39,500,000)
Other expense (income), net (100,000) 0 (300,000) 0
Loss before income taxes (29,600,000) (66,700,000) (73,600,000) (89,800,000)
Benefit from income taxes (1,200,000) (7,400,000) (2,300,000) (11,500,000)
Net loss (28,400,000) (59,300,000) (71,300,000) (78,300,000)
Loss attributable to noncontrolling interests (700,000) (700,000) (1,700,000) (2,000,000.0)
Net loss attributable to Mirion Technologies, Inc. $ (27,700,000) $ (58,600,000) $ (69,600,000) $ (76,300,000)
Net loss per common share attributable to Mirion Technologies, Inc. (Successor) / Mirion Technologies (TopCo), Ltd. (Predecessor) stockholders — basic (in dollars per share) $ (0.14) $ (0.32) $ (0.36) $ (0.42)
Net loss per common share attributable to Mirion Technologies, Inc. (Successor) / Mirion Technologies (TopCo), Ltd. (Predecessor) stockholders — diluted (in dollars per share) $ (0.14) $ (0.32) $ (0.36) $ (0.42)
Weighted average common shares outstanding — basic (in shares) 199,181 180,992 193,439 180,884
Weighted average common shares outstanding — diluted (in shares) 199,181 180,992 193,439 180,884
Product        
Revenues:        
Total revenues $ 146,600,000 $ 130,300,000 $ 279,000,000.0 $ 247,200,000
Cost of revenues:        
Total cost of revenues 81,800,000 73,600,000 158,600,000 148,400,000
Service        
Revenues:        
Total revenues 50,600,000 45,500,000 100,300,000 91,800,000
Cost of revenues:        
Total cost of revenues $ 27,400,000 $ 23,200,000 $ 53,600,000 $ 47,200,000