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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 89,402 $ 88,737
Restricted cash 524 204
Accounts receivable, net of allowance for credit losses of $3,079 and $1,000 as of June 30, 2023 and June 30, 2022, respectively [1] 74,777 94,442
Inventories 145,150 142,254
Prepaid expenses and other current assets [2] 27,612 23,794
Deferred cost of revenue 568 1,459
Total current assets 338,033 350,890
Property and equipment, net 20,926 12,685
Investment in joint venture 15,128 13,879
Operating lease right-of-use assets, net 25,853 16,798
Goodwill 57,681 57,840
Intangible assets, net 210 250
Restricted cash 1,276 1,213
Other assets 20,107 19,294
Total assets 479,214 472,849
Current liabilities:    
Accounts payable 33,739 31,337
Accrued compensation 23,793 29,441
Operating lease liabilities 4,151 8,567
Other accrued liabilities 38,271 30,285
Customer advances 20,777 25,290
Deferred revenue 72,185 75,375
Short-term debt 5,721 8,563
Total current liabilities 198,637 208,858
Long-term liabilities:    
Operating lease liabilities 23,602 10,453
Long-term other liabilities 4,675 3,748
Deferred revenue 27,079 24,694
Long-term debt 171,562 171,907
Total liabilities 425,555 419,660
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.001 par value; authorized: 5,000,000 shares; no shares issued and outstanding 0 0
Common stock, $0.001 par value; authorized: 200,000,000 shares as of June 30, 2023 and June 30, 2022, respectively; issued and outstanding: 96,534,609 and 93,499,500 shares at June 30, 2023 and June 30, 2022, respectively 97 94
Additional paid-in-capital 555,276 543,211
Accumulated other comprehensive income 422 2,406
Accumulated deficit (502,136) (492,522)
Total stockholders' equity 53,659 53,189
Total liabilities and stockholders’ equity $ 479,214 $ 472,849
[1] Included accounts receivable from the joint venture, an equity method investment, of $10,304 and $24,828 at June 30, 2023, and June 30, 2022, respectively. See Note 11.
[2] Included other receivable from the joint venture, an equity method investment, of $100 and $861 at June 30, 2023, and June 30, 2022, respectively.