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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Net revenue:        
Total net revenue $ 116,275 $ 97,459 $ 223,717 $ 182,791
Cost of revenue:        
Total cost of revenue [1] 73,648 56,628 141,566 106,557
Gross profit 42,627 40,831 82,151 76,234
Operating expenses:        
Research and development [2] 14,697 11,956 29,079 24,104
Selling and marketing 13,233 10,348 24,504 19,246
General and administrative 10,716 10,328 22,176 19,217
Total operating expenses 38,646 32,632 75,759 62,567
Income from operations 3,981 8,199 6,392 13,667
Income (loss) on equity method investment, net (832) 1,117 (1,172) 1,089
Other expense, net (2,490) (4,260) (5,158) (8,954)
Income before provision for income taxes 659 5,056 62 5,802
Provision for income taxes 480 287 911 631
Net income (loss) $ 179 $ 4,769 $ (849) $ 5,171
Net income (loss) per share - basic $ 0.00 $ 0.05 $ (0.01) $ 0.06
Net income (loss) per share - diluted $ 0.00 $ 0.05 $ (0.01) $ 0.06
Weighted average common shares used in computing net income per share:        
Basic 91,761 92,025 91,299 91,609
Diluted 93,932 93,353 91,299 92,607
Net income (loss) $ 179 $ 4,769 $ (849) $ 5,171
Foreign currency translation adjustment (108) 1,809 123 3,302
Comprehensive income (loss) 71 6,578 (726) 8,473
Products        
Net revenue:        
Total net revenue [3] 60,721 41,805 113,480 73,063
Cost of revenue:        
Total cost of revenue 35,520 23,102 67,029 41,528
Services        
Net revenue:        
Total net revenue [4] 55,554 55,654 110,237 109,728
Cost of revenue:        
Total cost of revenue $ 38,128 $ 33,526 $ 74,537 $ 65,029
[1] Includes cost of revenue from sales to the China joint venture, an equity method investment of $6,203 and $14,248 for the three and six months ended December 31, 2021 and $2,757 and $4,701 for the three and six months ended December 31, 2020, respectively.
[2] Includes chargeback to the China joint venture, an equity method investment related to research and development project of $415 and $994 for the three and six months ended December 31, 2021 and $430 for the three and six months ended December 31, 2020.
[3] Includes sales to the China joint venture, an equity method investment of $8,816 and $14,735 for the three and six months ended December 31, 2021 and $1,446 and $4,320 for the three and six months ended December 31, 2020, respectively. See Note 14.
[4] Includes sales to the China joint venture, an equity method investment of $2,679 and $5,494 for the three and six months ended December 31, 2021 and $3,186 and $5,262 for the three and six months ended December 31, 2020, respectively. See Note 14.