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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 45,311 $ (6,371)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in fair value of warrant liability 0 (1,603)
Share-based compensation 1,213 2,372
Noncash lease expense 750 703
Depreciation expense 172 191
Changes in operating assets and liabilities:    
Unbilled receivables 85 4,340
Prepaid expenses and other current assets 58 262
Accounts payable (4,756) (3,851)
Accrued liabilities (6,816) 3,526
Deferred revenue (64,862) (28,002)
Operating lease liability (701) (619)
Net cash used in operating activities (29,546) (29,052)
Cash flows from investing activities:    
Purchases of short-term investments (33,938) (67,862)
Proceeds from maturity of short-term investments 63,419 92,118
Proceeds from the sale of property and equipment 0 13
Purchases of property and equipment (7) 0
Net cash provided by investing activities 29,474 24,269
Cash flows from financing activities:    
Payments of tax withholdings related to vesting of restricted stock units 0 (40)
Payment of cash dividend (11,660) 0
Net cash used in financing activities (11,660) (40)
Net decrease in cash and cash equivalents (11,732) (4,823)
Cash and cash equivalents at beginning of the period 16,906 15,740
Cash and cash equivalents at end of the period 5,174 10,917
Supplemental cash flow information:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 0 $ 4,347