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Supplemental Financial Information

3 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

3.	Supplemental Financial Information

Inventories

Schedule of inventories
	September 30,		June 30,
	2024		2024
	(In thousands)
Finished goods	$	16,228	$	14,167
Raw materials		13,305		13,531
Inventories	$	29,533	$	27,698

Other Liabilities

The following table presents details of our other liabilities:

Schedule of other liabilities
	September 30,		June 30,
	2024		2024
	(In thousands)
Current
Accrued variable consideration	$	2,279	$	1,796
Customer deposits and refunds		264		436
Accrued raw materials purchases		227		126
Deferred revenue		2,879		3,017
Lease liability		1,689		1,767
Taxes payable		667		772
Warranty reserve		848		840
Other accrued operating expenses		3,006		2,217
Total other current liabilities	$	11,859	$	10,971

Non-current
Lease liability	$	8,202	$	8,563
Deferred tax liability		248		179
Deferred revenue		2,564		2,736
Total other non-current liabilities	$	11,014	$	11,478

Computation of Net Loss per Share

Basic and diluted net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the applicable period.

The following table presents the computation of net loss per share:


	Three Months Ended September 30,
	2024			2023
	(In thousands, except per share data)
Numerator:
Net loss	$	(2,502	)	$	(1,886	)
Denominator:
Weighted-average common shares outstanding - basic and diluted		38,024			36,982

Net loss per share - basic and diluted	$	(0.07	)	$	(0.05	)

The following table presents the common stock equivalents excluded from the diluted net loss per share calculation, because they were anti-dilutive for the periods presented. These excluded common stock equivalents could be dilutive in the future.

Schedule of anti dilutive securities
	Three Months Ended September 30,
	2024		2023
	(In thousands)
Common stock equivalents		621		667

Intangible Assets

The following table presents details of intangible assets:

Schedule of intangible assets
	September 30, 2024							June 30, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
	(In thousands)
Developed technology	$	6,331	$	(5,587	)	$	744	$	6,331	$	(5,293	)	$	1,038
Customer relationships		17,528		(14,272	)		3,256		17,528		(13,315	)		4,213
	$	23,859	$	(19,859	)	$	4,000	$	23,859	$	(18,608	)	$	5,251

We do not currently have any intangible assets with indefinite useful lives.

As of September 30, 2024, future estimated amortization expense is as follows:


Years Ending June 30,
(In thousands)
2025 (remainder)	$	2,433
2026		1,177
2027		326
2028		64
Total future amortization	$	4,000

Restructuring, Severance and Related Charges

During the three months ended September 30, 2024, we incurred charges of approximately $900,000 related to certain headcount reductions in our sales, engineering, and operations groups. We may incur additional charges in future periods as we identify additional cost savings and efficiencies related to our business.

The following table presents details of the liability we recorded related to restructuring, severance and related activities:


	Three Months Ended
	September 30,
	2024
	(In thousands)
Beginning balance	$	253
Charges		900
Payments		(754	)
Ending balance	$	399

These balances are recorded in accrued payroll and related expenses in the accompanying unaudited condensed consolidated balance sheets.

Supplemental Cash Flow Information

The following table presents non-cash investing transactions excluded from the accompanying unaudited condensed consolidated statements of cash flows:


	Three Months Ended September 30,
	2024		2023
	(In thousands)
Accrued property and equipment paid for in the subsequent period	$	12	$	339