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Net Loss Per Share (Tables)
9 Months Ended
Mar. 31, 2021
Schedule of Income (Loss) Per Share, Basic and Diluted
The following table presents the calculation of net loss used to calculate basic loss and diluted loss per share (in thousands):    
 
   
Three Months Ended
March 31,
  
Nine Months Ended
March 31,
   
2021
  
2020
  
2021
  
2020
Net loss – basic
   $(31,313)   $(4,329)   $(44,859)   $(27,540)
Change in fair value of warrant liability
    —      —      (20,307)    —  
   
 
 
    
 
 
    
 
 
    
 
 
 
Net loss – diluted
   $(31,313)   $(4,329)   $(65,166)   $(27,540)
   
 
 
    
 
 
    
 
 
    
 
 
 
Calculation of Weighted Average Shares Used to Calculate Basic and Diluted (Loss) Earnings Per Share
Share used in calculating net loss per share was determined as follows (in thousands):
 
   
Three Months Ended
March 31,
  
Nine Months Ended
March 31,
   
2021
  
2020
  
2021
  
2020
Weighted average shares used in calculating basic net loss per share
    112,557    105,999    112,505    85,995
Effect of potentially dilutive common shares from equity awards and liability-classified warrants
    —      —      1,486    —  
   
 
 
    
 
 
    
 
 
    
 
 
 
Weighted average shares used in calculating diluted net loss per share
    112,557    105,999    113,991    85,995
   
 
 
    
 
 
    
 
 
    
 
 
 
Antidilutive Securities
The following table presents weighted-average potentially dilutive shares that have been excluded from the calculation of net loss per share because of their anti-dilutive effect (in thousands):
 
   
Three Months Ended
March 31,
  
Nine Months Ended
March 31,
   
2021
  
2020
  
2021
  
2020
Stock options
    16,161    11,064    15,618    10,974
Restricted stock units
    430    —      430    —  
Warrants
    16,060    16,062    5,354    16,062
   
 
 
    
 
 
    
 
 
    
 
 
 
Total anti-dilutive shares
    32,651    27,126    21,402    27,036