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Stockholders’ Equity | 6 Months Ended
--- | ---
Dec. 31, 2024
Equity [Abstract] |
Stockholders’ Equity |
7. | Stockholders’ Equity
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, 2024 |  |  | 1,881 |  |  | $ | 4.89 |
Granted |  |  | 1,205 |  |  |  | 3.34 |
Forfeited |  |  | (157 | ) |  |  | 4.53 |
Vested |  |  | (589 | ) |  |  | 5.06 |
Balance of RSUs outstanding at December 31, 2024 |  |  | 2,340 |  |  | $ | 4.07 |
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, 2024 |  |  | 1,669 |
Granted |  |  | 539 |
Forfeited |  |  | (377 | )
Vested |  |  | (669 | )
Balance of PSUs outstanding at December 31, 2024 |  |  | 1,162 |
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, 2024 |  |  | 567 |  |  | $ | 4.13 |
Expired |  |  | (11 | ) |  |  | 2.16 |
Exercised |  |  | (230 | ) |  |  | 3.36 |
Balance of options outstanding at December 31, 2024 |  |  | 326 |  |  | $ | 4.75 |
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, 2024 |  |  | 181 |
Shares issued |  |  | (84 | )
Shares available for issuance at December 31, 2024 |  |  | 97 |
Share-Based Compensation Expense The following table presents a summary of share-based compensation expense included in each applicable functional line item on our accompanying unaudited condensed consolidated statements of operations:
Schedule of share-based compensation expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In thousands) |
Cost of revenue |  | $ | 48 |  |  | $ | 64 |  |  | $ | 112 |  |  | $ | 105 |
Selling, general and administrative |  |  | 1,044 |  |  |  | 1,628 |  |  |  | 2,170 |  |  |  | 2,901 |
Research and development |  |  | 421 |  |  |  | 484 |  |  |  | 831 |  |  |  | 912 |
Total share-based compensation expense |  | $ | 1,513 |  |  | $ | 2,176 |  |  | $ | 3,113 |  |  | $ | 3,918 |
The following table presents the remaining unrecognized share-based compensation expense related to our outstanding share-based awards as of December 31, 2024:
Schedule of unrecognized share-based compensation expense |  |  |  |  |  |  |  |
|  | Remaining |  |  | Remaining |
|  | Unrecognized |  |  | Weighted- |
|  | Compensation |  |  | Average Years |
|  | Expense |  |  | To Recognize |
|  | (In thousands) |  |  |  |
Stock options |  | $ | 156 |  |  |  | 1.7 |
RSUs |  |  | 8,604 |  |  |  | 2.2 |
PSUs |  |  | 3,316 |  |  |  | 2.1 |
Stock purchase rights under ESPP |  |  | 126 |  |  |  | 0.4 |
|  | $ | 12,202 |  |  |  |  |
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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