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Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Mar. 31, 2026

Earnings (Loss) Per Common Share

Summary of the components of the earnings (loss) per common share calculation

The following table summarizes the components of the earnings (loss) per common share calculation (in thousands, except per share amounts):


		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2026			2025			2026			2025
Basic and diluted numerator:
Net loss - total		$	(7,730)		$	(4,861)		$	(22,443)		$	(13,214)

Basic and diluted denominator:
Weighted-average common shares outstanding			26,308			9,862			22,158			9,202
Weighted average pre-funded warrants assumed exercised			93,292			—			68,137			—
Total weighted-average common shares outstanding			119,600			9,862			90,295			9,202

Per share amount - total		$	(0.06)		$	(0.49)		$	(0.25)		$	(1.44)

Schedule of shares issuable which could potentially dilute future earnings

In Fiscal 2026 and Fiscal 2025, the Company incurred net losses which cannot be diluted; therefore, basic and diluted loss per common share is the same. As of March 31, 2026 and 2025, shares issuable which could potentially dilute future earnings were as follows:


		March 31,
		2026		2025

		(in thousands)
Stock options		2,764		1,449
Warrants		38,555		11,208
Shares excluded from the calculation of diluted loss per share		41,319		12,657