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Stockholders’ Equity
 6 Months Ended
Dec. 31, 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   (113)   3.02 
Balance of options outstanding at December 31, 2022   1,265   $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     607       5.83  
Forfeited     (48 )     5.34  
Vested     (324 )     5.53  
Balance of RSUs outstanding at December 31, 2022     1,350     $ 5.65  

 

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  
Forfeited     (38 )
Vested     (947 )
Balance of PSUs outstanding at December 31, 2022     1,106  

 

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 
Reserved for issuance   500 
Shares issued   (92)
Shares available for issuance at December 31, 2022   493 

 

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   Six Months Ended 
   December 31,   December 31, 
   2022   2021   2022   2021 
   (In thousands) 
Cost of revenue  $61   $100   $112   $200 
Selling, general and administrative   1,434    1,178    2,839    2,304 
Research and development   370    222    702    477 
Total share-based compensation expense  $1,865   $1,500   $3,653   $2,981 

 

The following table presents the remaining unrecognized share-based compensation expense related to our outstanding share-based awards as of December 31, 2022:

          
   Remaining   Remaining 
   Unrecognized   Weighted- 
   Compensation   Average Years 
   Expense   To Recognize 
   (In thousands)      
Stock options  $365    1.5 
RSUs   6,889    2.5 
PSUs   3,331    2.3 
Stock purchase rights under ESPP   179    0.4 
   $10,764      

 

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.