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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Our business is organized on a geographic basis. We have identified two operating segments, North America and Europe/Asia, based on geographical region. North America and Europe/Asia are also our reportable segments. The combination of these segments represent our total consolidated operations. Our measure of segment profit or loss is earnings before interest, taxes, depreciation and amortization, or “EBITDA.”
The following tables present segment operating results by reportable segment:
Three Months Ended March 31, 2025
North AmericaEurope/AsiaConsolidated
Net product revenue$36.2 $41.4 $77.6 
Machine lease revenue6.4 7.2 13.6 
Net revenue42.6 48.6 91.2 
Less:
Cost of sales excluding depreciation and amortization28.2 26.0 
Compensation expense(1)
13.3 13.1 
Professional fees2.1 0.9 
Stock-based compensation1.6 0.5 
Other operating expense, net1.0 — 
Foreign currency gain(2.2)(0.4)
Other (income) expense, net(2)
(5.2)5.2 
Other segment items(3)
(1.3)(1.3)
Segment profit$5.1 $4.6 $9.7 
Reconciliation of segment profit to loss before income tax benefit:
Depreciation and amortization expense – COS6.1 
Depreciation and amortization expense9.0 
Interest expense8.7 
Loss before income tax benefit$(14.1)
(1) Includes compensation expense for manufacturing and non-manufacturing employees.
(2) Includes intersegment royalty charges from North America to Europe/Asia for use of trademarks of $5.2 million, which eliminates between the segments on a consolidated basis.
(3) Includes labor and overhead allocation to cost of sales, information technology maintenance costs, amortization of cloud-based software, travel, and other insignificant items.
Three Months Ended March 31, 2024
North AmericaEurope/AsiaConsolidated
Net product revenue$26.2 $46.3 $72.5 
Machine lease revenue5.7 7.1 12.8 
Net revenue31.9 53.4 85.3 
Less:
Cost of sales excluding depreciation and amortization17.0 25.6 
Compensation expense(1)
12.2 13.3 
Professional fees2.5 1.0 
Stock-based compensation0.9 0.4 
Other operating (income) expense, net0.9 (0.1)
Foreign currency gain— (1.4)
Other (income) expense, net(2)
(3.6)3.6 
Other segment items(3)
(1.5)(0.9)
Segment profit$3.5 $11.9 $15.4 
Reconciliation of segment profit to loss before income tax benefit:
Depreciation and amortization expense – COS10.4 
Depreciation and amortization expense8.4 
Interest expense6.2 
Loss before income tax benefit$(9.6)
(1) Includes compensation expense for manufacturing and non-manufacturing employees.
(2) Includes intersegment royalty charges from North America to Europe/Asia for use of trademarks of $3.6 million, which eliminates between the segments on a consolidated basis.
(3) Includes labor and overhead allocation to cost of sales, information technology maintenance costs, amortization of cloud-based software, travel, and other insignificant items.
The following table presents our long-lived assets by segment:
 March 31, 2025December 31, 2024
North America$79.4 $80.1 
Europe/Asia82.6 78.4 
Total long-lived assets$162.0 $158.5 
The following table presents our capital expenditures by segment:
Three Months Ended March 31,
20252024
North America$3.0 $5.3 
Europe/Asia4.5 4.5 
Capital expenditures for property, plant, and equipment$7.5 $9.8