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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (44,859) $ (27,540)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of warrant liability (11,035) (8,562)
Share-based compensation 8,196 5,434
Depreciation and amortization 215 90
Non-cash lease expense 697  
Changes in operating assets and liabilities:    
Receivable for foreign tax withholding 20,420  
Prepaid expenses and other current assets (6,343) (169)
Accounts payable 3,134 (2,295)
Accrued liabilities 1,672 667
Deferred revenue 7,377 (2,479)
Operating lease liability (181)  
Net cash used in operating activities (20,707) (34,854)
Cash flows from investing activities:    
Purchases of property and equipment (700) (785)
Purchases of short-term investments (325,162) (90,324)
Proceeds from maturity of short-term investments 340,582 69,863
Net cash used in investing activities 14,720 (21,246)
Cash flows from financing activities:    
Proceeds from exercise of stock options 265 72
Proceeds from issuance of common stock, net 3,136 48,602
Collection of common stock proceeds receivable   5,274
Net cash provided by financing activities 3,401 53,948
Net decrease in cash and cash equivalents (2,586) (2,152)
Cash and cash equivalents at beginning of the period 12,331 9,590
Cash and cash equivalents at end of the period 9,745 7,438
Supplemental disclosures:    
Income taxes paid (8) $ (1)
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 8,689  
Warrants issued pursuant to cashless exercise $ 6