Net Loss Per Share

6 Months Ended

Dec. 31, 2024

Note 13. Net Loss Per Share

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is calculated by giving effect to all potentially dilutive securities outstanding for the period using the treasury stock method.

Basic net loss per share is the same as diluted net loss per share because the Company reported net losses for all periods presented. The following table sets forth the computation of basic and diluted net loss per share for the periods presented (in thousands, except per share data):


	Three Months Ended December 31,						Six Months Ended December 31,
	2024			2023			2024			2023
Numerator:
Net loss	$	(10,217	)	$	(9,213	)	$	(14,737	)	$	(24,534	)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted		78,118			70,521			76,861			69,729
Net loss per share, basic and diluted	$	(0.13	)	$	(0.13	)	$	(0.19	)	$	(0.35	)

The Company excluded the following potential shares of common stock from the calculation of diluted net loss per share because their effect would be anti-dilutive (in thousands):


	As of December 31,
	2024		2023
Outstanding stock options to purchase common stock		3,681		8,345
Unvested PSUs and RSUs		6,380		6,168
Shares issuable under ESPP		41		10
Shares issuable related to acquisition		9		68
Total		10,111		14,591