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Stockholders’ Equity | 9 Months Ended
--- | ---
Mar. 31, 2024
Equity [Abstract] |
Stockholders’ Equity |
7. | Stockholders’ Equity
Stock Options The following table presents a summary of activity with respect to our stock options:
Schedule of option activity |  |  |  |  |  |  |  |
|  |  |  |  | Weighted- |
|  |  |  |  | Average |
|  | Number of |  |  | Exercise Price |
|  | Shares |  |  | per Share |
|  | (In thousands) |  |  |  |
Balance of options outstanding at June 30, 2023 |  |  | 1,325 |  |  | $ | 3.65 |
Expired |  |  | (550 | ) |  |  | 3.84 |
Exercised |  |  | (152 | ) |  |  | 1.76 |
Balance of options outstanding at March 31, 2024 |  |  | 623 |  |  | $ | 3.95 |
Restricted Stock Units (“RSUs”) The following table presents a summary of activity with respect to our RSUs:
Schedule of RSU activity |  |  |  |  |  |  |  |
|  |  |  |  | Weighted- |
|  |  |  |  | Average |
|  |  |  |  | Grant Date |
|  | Number of |  |  | Fair Value |
|  | Shares |  |  | per Share |
|  | (In thousands) |  |  |  |
Balance of RSUs outstanding at June 30, 2023 |  |  | 1,189 |  |  | $ | 5.70 |
Granted |  |  | 1,317 |  |  |  | 4.68 |
Forfeited |  |  | (99 | ) |  |  | 5.20 |
Vested |  |  | (519 | ) |  |  | 5.59 |
Balance of RSUs outstanding at March 31, 2024 |  |  | 1,888 |  |  | $ | 5.05 |
Performance Stock Units (“PSUs”) The following table presents a summary of activity with respect to our PSUs:
Schedule of PSU activity |  |  |  |
|  | Number of Shares |
|  | (In thousands) |
Balance of PSUs outstanding at June 30, 2023 |  |  | 931 |
Granted |  |  | 1,191 |
Forfeited |  |  | (346 | )
Vested |  |  | (173 | )
Balance of PSUs outstanding at March 31, 2024 |  |  | 1,603 |
Employee Stock Purchase Plan (“ESPP”) The following table presents a summary of activity under our ESPP:
Schedule of employee stock purchase plan |  |  |  |
|  | Number of |
|  | Shares |
|  | (In thousands) |
Shares available for issuance at June 30, 2023 |  |  | 381 |
Shares issued |  |  | (92 | )
Shares available for issuance at March 31, 2024 |  |  | 289 |
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:
Schedule of share-based compensation expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands) |
Cost of revenue |  | $ | 66 |  |  | $ | 47 |  |  | $ | 171 |  |  | $ | 159 |
Selling, general and administrative |  |  | 1,337 |  |  |  | 1,293 |  |  |  | 4,238 |  |  |  | 4,132 |
Research and development |  |  | 469 |  |  |  | 388 |  |  |  | 1,381 |  |  |  | 1,090 |
Total share-based compensation expense |  | $ | 1,872 |  |  | $ | 1,728 |  |  | $ | 5,790 |  |  | $ | 5,381 |
The following table presents the remaining unrecognized share-based compensation expense related to our outstanding share-based awards as of March 31, 2024:
Schedule of unrecognized share-based compensation expense |  |  |  |  |  |  |  |
|  | Remaining |  |  | Remaining |
|  | Unrecognized |  |  | Weighted- |
|  | Compensation |  |  | Average Years |
|  | Expense |  |  | To Recognize |
|  | (In thousands) |  |  |  |
Stock options |  | $ | 251 |  |  |  | 2.3 |
RSUs |  |  | 8,250 |  |  |  | 2.1 |
PSUs |  |  | 4,592 |  |  |  | 2.3 |
Stock purchase rights under ESPP |  |  | 42 |  |  |  | 0.1 |
|  | $ | 13,135 |  |  |  |  |
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.

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