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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Net revenue:        
Total net revenue $ 96,169 $ 102,562 $ 319,886 $ 285,353
Cost of revenue:        
Total cost of revenue [1] 61,385 63,020 202,951 169,577
Gross profit 34,784 39,542 116,935 115,776
Operating expenses:        
Research and development [2] 14,104 13,268 43,183 37,372
Selling and marketing 10,798 10,567 35,302 29,813
General and administrative 10,174 11,281 32,350 30,498
Total operating expenses 35,076 35,116 110,835 97,683
Income (loss) from operations (292) 4,426 6,100 18,093
Income (loss) on equity method investment, net 1,946 (68) 774 1,021
Other expense, net (2,293) (4,027) (7,451) (12,981)
Income (loss) before provision for income taxes (639) 331 (577) 6,133
Provision for income taxes 407 721 1,318 1,352
Net income (loss) $ (1,046) $ (390) $ (1,895) $ 4,781
Net income (loss) per share - basic $ (0.01) $ (0.00) $ (0.02) $ 0.05
Net income (loss) per share - diluted $ (0.01) $ (0.00) $ (0.02) $ 0.05
Weighted average common shares used in computing net income per share:        
Basic 92,761 93,123 91,780 92,106
Diluted 92,761 93,123 91,780 93,422
Net income $ (1,046) $ (390) $ (1,895) $ 4,781
Foreign currency translation adjustment (1,013) (2,102) (890) 1,199
Comprehensive income (loss) (2,059) (2,492) (2,785) 5,980
Products        
Net revenue:        
Total net revenue [3] 43,198 47,439 156,678 120,502
Cost of revenue:        
Total cost of revenue 28,371 27,709 95,400 69,237
Services        
Net revenue:        
Total net revenue [4] 52,971 55,123 163,208 164,851
Cost of revenue:        
Total cost of revenue $ 33,014 $ 35,311 $ 107,551 $ 100,340
[1] Includes cost of revenue from sales to the China joint venture, an equity method investment of $14,838 and $29,086 for the three and nine months ended March 31, 2022 and $2,387 and $7,088 for the three and nine months ended March 31, 2021, respectively.
[2] Includes chargeback to the China joint venture, an equity method investment related to research and development project of $549 and $1,543 for the three and nine months ended March 31, 2022 $0 and $430 for the three and nine months ended March 31, 2021.
[3] Includes sales to the China joint venture, an equity method investment of $17,442 and $32,177 for the three and nine months ended March 31, 2022 and $1,633 and $5,954 for the three and nine months ended March 31, 2021, respectively. See Note 14.
[4] Includes sales to the China joint venture, an equity method investment of $2,326 and $7,820 for the three and nine months ended March 31, 2022 and $4,934 and $10,197 for the three and nine months ended March 31, 2021, respectively. See Note 14.