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Supplemental Financial Information
 3 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information

 

3. Supplemental Financial Information

 

Inventories

        
   September 30,   June 30, 
   2025   2025 
   (In thousands) 
Finished goods  $16,424   $15,603 
Raw materials   10,331    10,768 
Inventories  $26,755   $26,371 

 

Other Liabilities

 

The following table presents details of our other liabilities:

          
   September 30,   June 30, 
   2025   2025 
   (In thousands) 
Current        
Accrued variable consideration  $2,500   $2,557 
Customer deposits and refunds   425    321 
Accrued raw materials purchases   204    204 
Deferred revenue   3,524    3,301 
Lease liability   1,644    1,594 
Taxes payable   114    103 
Warranty reserve   649    663 
Other accrued operating expenses   2,199    1,879 
Total other current liabilities  $11,259   $10,622 
           
Non-current          
Lease liability  $7,432   $7,811 
Deferred tax liability   183    172 
Deferred revenue   2,118    2,255 
Total other non-current liabilities  $9,733   $10,238 

 

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, 
   2025   2024 
   (In thousands, except per share data) 
Numerator:        
Net loss  $(1,401)  $(2,502)
           
Denominator:          
Weighted-average common shares outstanding - basic and diluted   39,188    38,024 
           
Net loss per share - basic and diluted  $(0.04)  $(0.07)

 

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.

        
   Three Months Ended September 30, 
   2025   2024 
   (In thousands) 
Common stock equivalents   822    621 

 

Intangible Assets

 

The following table presents details of intangible assets:

                              
   September 30, 2025   June 30, 2025 
   Gross Carrying Amount   Accumulated Amortization   Net Book Value   Gross Carrying Amount   Accumulated Amortization   Net Book Value 
   (In thousands) 
Developed technology  $6,793   $(6,125)  $668   $6,793   $(6,066)  $727 
Customer relationships   19,116    (16,774)   2,342    19,116    (16,321)   2,795 
Order backlog   297    (223)   74    297    (149)   148 
Trademark and trade name   1,516    (1,459)   57    1,516    (1,448)   68 
   $27,722   $(24,581)  $3,141   $27,722   $(23,984)  $3,738 

 

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

 

As of September 30, 2025, future estimated amortization expense is as follows:

     
Years Ending June 30,    
(In thousands)     
2026 (remainder)  $964 
2027   539 
2028   256 
2029   191 
2030   191 
Thereafter   1,000 
Total future amortization  $3,141 

 

Restructuring, Severance and Related Charges

 

During the three months ended September 30, 2025, we incurred charges of approximately $93,000 related to certain headcount reductions. 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, 
   2025 
   (In thousands) 
Beginning balance  $479 
Charges   93 
Payments   (455)
Ending balance  $117 

 

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 and financing transactions excluded from the accompanying unaudited condensed consolidated statements of cash flows:

        
   Three Months Ended September 30, 
   2025   2024 
   (In thousands) 
Acquisition of property through operating leases  $84   $79 
Acquisition of property through financing leases  $7   $– 
Accrued property and equipment paid for in the subsequent period  $23   $12