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Stockholders’ Equity
 3 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Stockholders’ Equity

 

6. Stockholders’ Equity

  

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, 2025   2,107   $3.76 
Granted   590    3.02 
Forfeited   (95)   3.98 
Vested   (235)   4.30 
Balance of RSUs outstanding at September 30, 2025   2,367   $3.52 

 

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, 2025   995 
Granted   579 
Forfeited   (223)
Balance of PSUs outstanding at September 30, 2025   1,351 

 

Stock Options

 

The following table presents a summary of activity with respect to our stock options:

          
       Weighted- 
       Average 
   Number of   Exercise Price 
   Shares   per Share 
   (In thousands)     
Balance of options outstanding at June 30, 2025   215   $4.51 
Forfeited   (35)   4.95 
Expired   (2)   3.18 
Exercised   (3)   2.91 
Balance of options outstanding at September 30, 2025   175   $4.47 

 

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:

          
   Three Months Ended September 30, 
   2025   2024 
   (In thousands)
Cost of revenue  $35   $64 
Selling, general and administrative   1,454    1,126 
Research and development   284    410 
Total share-based compensation expense  $1,773   $1,600 

 

The following table presents the remaining unrecognized share-based compensation expense related to our outstanding share-based awards as of September 30, 2025:

          
   Remaining   Remaining 
   Unrecognized   Weighted- 
   Compensation   Average Years 
   Expense   To Recognize 
   (In thousands)     
RSUs  $6,574    2.2 
PSUs   3,966    2.1 
   $10,540      

 

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 unrecognized share-based compensation expense will increase to the extent that we grant additional share-based awards.