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Stockholders’ Equity
 3 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Stockholders’ Equity

7.         Stockholders’ Equity

  

Stock Options

 

The following table presents a summary of activity for all of our stock options: 

          
       Weighted- 
       Average 
   Number of   Exercise Price 
   Shares   per Share 
   (In thousands)      
Balance of options outstanding at June 30, 2022   1,383   $3.40 
Expired   (5)   1.35 
Exercised   (32)   1.59 
Balance of options outstanding at September 30, 2022   1,346   $3.45 

 

Restricted Stock Units (RSUs)

 

The following table presents a summary of activity with respect to our RSUs: 

          Weighted-  
          Average  
          Grant Date  
    Number of     Fair Value  
    Shares     per Share  
    (In thousands)        
Balance of RSUs outstanding at June 30, 2022     1,115     $ 5.50  
Granted     476       6.19  
Forfeited     (5 )     4.77  
Vested     (186 )     5.26  
Balance of RSUs outstanding at September 30, 2022     1,400     $ 5.77  

 

Performance Stock Units (PSUs)

 

The following table presents a summary of activity with respect to our PSUs:

    Number of Shares  
    (In thousands)  
Balance of PSUs outstanding at June 30, 2022     1,030  
Granted     1,061  
Vested     (947 )
Balance of PSUs outstanding at September 30, 2022     1,144  

 

Employee Stock Purchase Plan (ESPP)

 

The following table presents a summary of activity under our ESPP:

    Number of Shares  
    (In thousands)  
Shares available for issuance at June 30, 2022     85  
Shares issued     –  
Shares available for issuance at September 30, 2022     85  

 

Share-Based Compensation Expense

 

The following table presents a summary of share-based compensation expense included in each functional line item on our accompanying unaudited condensed consolidated statements of operations:   

          
   Three Months Ended 
   September 30, 
   2022   2021 
   (In thousands) 
Cost of revenue  $51   $100 
Selling, general and administrative   1,405    1,126 
Research and development   332    255 
Total share-based compensation expense  $1,788   $1,481 

 

The following table presents the remaining unrecognized share-based compensation expense related to our outstanding share-based awards as of September 30, 2022:   

          
   Remaining   Remaining 
   Unrecognized   Weighted- 
   Compensation   Average Years 
   Expense   To Recognize 
   (In thousands)      
Stock options  $502    1.5 
RSUs   7,385    2.7 
PSUs   4,091    2.5 
Stock purchase rights under ESPP   43    0.1 
   $12,021      

 

If there are any modifications or cancellations of the underlying unvested share-based awards, we may be required to accelerate, increase or cancel remaining unearned share-based compensation expense. Future share-based compensation expense and unearned share-based compensation will increase to the extent that we grant additional share-based awards.