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REVENUES | 9 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUES Based on similar operational characteristics, the Company's revenues are disaggregated as follows:
|  |  | Three months ended March 31, |  | Nine months ended March 31,
($ in thousands) |  |  |  |  | 2024 |  | 2023 |  | 2024 |  | 2023
Transaction fees |  |  |  |  | $ | 40,034 |  |  | $ | 33,389 |  |  | $ | 114,956 |  |  | $ | 97,076 |
Subscription fees |  |  |  |  | 19,173 |  |  | 17,856 |  |  | 55,415 |  |  | 50,176 |
Subscription and transaction fees |  |  |  |  | $ | 59,207 |  |  | $ | 51,245 |  |  | $ | 170,371 |  |  | $ | 147,252 |
Equipment sales |  |  |  |  | 8,690 |  |  | 9,111 |  |  | 25,568 |  |  | 32,216 |
Total revenues |  |  |  |  | $ | 67,897 |  |  | $ | 60,356 |  |  | $ | 195,939 |  |  | $ | 179,468 |
Contract Liabilities The Company’s contract liability (i.e., deferred revenue) balances are as follows:
|  | Three months ended March 31,
($ in thousands) |  | 2024 |  | 2023
Deferred revenue, beginning of the period |  | $ | 1,788 |  |  | $ | 1,970 |
Deferred revenue, end of the period |  | 1,893 |  |  | 1,894 |
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period |  | $ | 268 |  |  | $ | 94 |
|  | Nine months ended March 31,
($ in thousands) |  | 2024 |  | 2023
Deferred revenue, beginning of the period |  | $ | 1,666 |  |  | $ | 1,893 |
Deferred revenue, end of the period |  | 1,893 |  |  | 1,894 |
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period |  | $ | 475 |  |  | $ | 319 |
The change in the contract liability balances period-over-period is primarily the result of timing difference between the Company’s satisfaction of a performance obligation and payment from the customer. Future Performance Obligations The Company will recognize revenue in future periods related to remaining performance obligations for certain open contracts. Generally, these contracts have terms of one year or less. The amount of revenue related to unsatisfied performance obligations in which the original duration of the contract is greater than one year are primarily associated with the Company's Cantaloupe ONE rental program which has a contractual term of 36 months. The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied as of March 31, 2024:
($ in thousands) | As of March 31, 2024
Remainder of fiscal year 2024 | $ | 1,520 |
2025 | 5,941 |
2026 | 3,793 |
Thereafter | — |
Total | $ | 11,254 |
Contract Costs At March 31, 2024, the Company had net capitalized costs to obtain contracts of $0.9 million included in Prepaid expenses and other current assets and $2.4 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. At June 30, 2023, the Company had net capitalized costs to obtain contracts of $0.6 million included in Prepaid expenses and other current assets and $2.8 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. None of these capitalized contract costs were impaired. During the three and nine months ended March 31, 2024, amortization of capitalized contract costs was $0.2 million and $0.7 million, respectively. During the three and nine months ended March 31, 2023, amortization of capitalized contract costs was $0.2 million and $0.6 million, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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