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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 17,778 $ (31,838)
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 2,278 3,589
Issuance of warrants 0 500
Impairment of long-lived assets 10,899 0
Noncash lease expense 2,433 1,429
Depreciation expense 383 386
Loss on disposal of property and equipment 32 0
Changes in operating assets and liabilities:    
Unbilled Receivables 85 9,959
Prepaid expenses and other current assets 4,534 (2,920)
Accounts payable (3,147) (1,784)
Accrued liabilities (7,274) 1,641
Deferred revenue (64,862) (30,582)
Operating lease liability (13,612) (1,261)
Net cash used in operating activities (50,473) (52,484)
Cash flows from investing activities:    
Purchases of short-term investments (58,232) (101,764)
Proceeds from maturity of short-term investments 107,379 155,489
Purchases of property and equipment (7) (35)
Net cash provided by investing activities 49,140 53,690
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
Payment of financing costs (208) 0
Net cash used in financing activities (11,868) (40)
Net (decrease) increase in cash and cash equivalents (13,201) 1,166
Cash and cash equivalents at beginning of the year 16,906 15,740
Cash and cash equivalents at end of the year 3,705 16,906
Supplemental cash flow information:    
Operating Lease right-of-use assets obtained in exchange for operating lease liabilities 0 4,347
Re-measurement of right-of-use asset and related lease liability upon lease modification (22) 0
Re-measurement of right-of-use asset for direct costs associated with lease modification $ 181 $ 0