XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net revenue:        
Total net revenue $ 101,132 $ 118,060 $ 312,262 $ 329,313
Cost of revenue:        
Total cost of revenue [1] 72,058 79,342 207,793 213,031
Gross profit 29,074 38,718 104,469 116,282
Operating expenses:        
Research and development [2] 10,909 14,209 40,203 42,942
Selling and marketing 10,318 11,130 31,923 35,511
General and administrative 12,409 11,063 38,656 34,990
Total operating expenses 33,636 36,402 110,782 113,443
Income (loss) from operations (4,562) 2,316 (6,313) 2,839
Income from equity method investment, net 1,024 2,027 1,028 960
Other expense, net (2,360) (3,222) (10,393) (8,611)
Income (loss) before provision for income taxes (5,898) 1,121 (15,678) (4,812)
Provision for income taxes 444 522 3,254 1,912
Net income (loss) $ (6,342) $ 599 $ (18,932) $ (6,724)
Net income (loss) per share - basic $ (0.06) $ 0.01 $ (0.19) $ (0.07)
Net income (loss) per share - diluted $ (0.06) $ 0.01 $ (0.19) $ (0.07)
Weighted average common shares used in computing net income (loss) per share:        
Basic 99,197 95,522 97,838 94,532
Diluted 99,197 97,455 97,838 94,532
Other comprehensive income (loss):        
Net Income (Loss) $ (6,342) $ 599 $ (18,932) $ (6,724)
Foreign currency translation adjustment (2,965) 801 (2,330) (64)
Comprehensive income (loss) (9,307) 1,400 (21,262) (6,788)
Products        
Net revenue:        
Total net revenue [3] 49,603 62,846 154,491 170,738
Cost of revenue:        
Total cost of revenue 35,945 43,529 105,977 111,627
Services        
Net revenue:        
Total net revenue [4] 51,529 55,214 157,771 158,575
Cost of revenue:        
Total cost of revenue $ 36,113 $ 35,813 $ 101,816 $ 101,404
[1] Includes cost of revenue from sales to the joint venture, an equity method investment, of $13,887 and $40,260 during the three and nine months ended March 31, 2024 and $13,905 and $29,728 during the three and nine months ended March 31, 2023, respectively.
[2] Includes charge backs to the joint venture, an equity method investment, related to research and development of $199 during the nine months ended March 31, 2024, and $97 and $1,363 during the three and nine months ended March 31, 2023, respectively. There were no charge backs to the joint venture related to research and development during the three months ended March 31, 2024.
[3] Includes sales of products to the joint venture, an equity method investment, of $15,662 and $55,504 during the three and nine months ended March 31, 2024 and $18,118 and $43,702 during the three and nine months ended March 31, 2023, respectively. See Note 13.
[4] Includes sales of services to the joint venture, an equity method investment, of $3,982 and $10,970 during the three and nine months ended March 31, 2024 and $2,696 and $8,147 during the three and nine months ended March 31, 2023, respectively. See Note 13.