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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Net revenue:        
Total net revenue $ 107,238 $ 114,760 $ 211,130 $ 211,253
Cost of revenue:        
Total cost of revenue [1] 71,336 71,793 135,735 133,689
Gross profit 35,902 42,967 75,395 77,564
Operating expenses:        
Research and development [2] 15,281 14,641 29,294 28,733
Selling and marketing 11,361 13,586 21,605 24,381
General and administrative 13,224 12,035 26,247 23,927
Total operating expenses 39,866 40,262 77,146 77,041
Income (loss) from operations (3,964) 2,705 (1,751) 523
Income (loss) from equity method investment, net (427) (699) 4 (1,067)
Other expense, net (4,352) (2,831) (8,033) (5,389)
Loss before provision for income taxes (8,743) (825) (9,780) (5,933)
Provision for income taxes 878 1,049 2,810 1,390
Net loss $ (9,621) $ (1,874) $ (12,590) $ (7,323)
Net loss per share - basic $ (0.1) $ (0.02) $ (0.13) $ (0.08)
Net loss per share - diluted $ (0.1) $ (0.02) $ (0.13) $ (0.08)
Weighted average common shares used in computing net loss per share:        
Basic 97,776 94,567 97,165 94,048
Diluted 97,776 94,567 97,165 94,048
Other comprehensive income (loss):        
Net Income (Loss) $ (9,621) $ (1,874) $ (12,590) $ (7,323)
Foreign currency translation adjustment 2,773 2,790 635 (865)
Comprehensive income (loss) (6,848) 916 (11,955) (8,188)
Products        
Net revenue:        
Total net revenue [3] 51,538 63,269 104,888 107,892
Cost of revenue:        
Total cost of revenue 34,333 39,248 70,032 68,098
Services        
Net revenue:        
Total net revenue [4] 55,700 51,491 106,242 103,361
Cost of revenue:        
Total cost of revenue $ 37,003 $ 32,545 $ 65,703 $ 65,591
[1] Includes cost of revenue from sales to the joint venture, an equity method investment, of $11,102 and $26,373 during the three and six months ended December 31, 2023 and $9,916 and $15,823 during the three and six months ended December 31, 2022. respectively.
[2] Includes charge backs to the joint venture, an equity method investment, related to research and development of $67 and $199 during the three and six months ended December 31, 2023 and $487 and $1,266 during the three and six months ended December 31, 2022, respectively.
[3] Includes sales of products to the joint venture, an equity method investment, of $17,890 and $39,842 during the three and six months ended December 31, 2023 and $16,715 and $25,584 during the three and six months ended December 31, 2022, respectively. See Note 13.
[4] Includes sales of services to the joint venture, an equity method investment, of $4,134 and $6,988 during the three and six months ended December 31, 2023 and $2,494 and $5,451 during the three and six months ended December 31, 2022, respectively. See Note 13.