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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net (loss) income $ (13,257) $ 36,184
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Share-based compensation (222) 1,881
Noncash lease expense 214 1,136
Depreciation expense 368 258
Loss on disposal of property and equipment 14 0
Gain on disposition of a non-financial asset (500) 0
Changes in operating assets and liabilities:    
Unbilled receivables 0 85
Prepaid expenses and other current assets 2,117 4,144
Accounts payable (2,991) (3,166)
Accrued liabilities (4,126) (7,073)
Deferred revenue 0 (64,862)
Operating lease liability 0 (1,061)
Net cash used in operating activities (18,383) (32,474)
Cash flows from investing activities:    
Purchases of short-term investments 0 (58,232)
Proceeds from maturity of short-term investments 34,640 87,835
Proceeds from sale of property and equipment 10 0
Proceeds from the disposition of a non-financial asset 500 0
Purchases of property and equipment 0 (7)
Net cash provided by investing activities 35,150 29,596
Cash flows from financing activities:    
Payment of cash dividend 0 (11,660)
Net cash used in financing activities 0 (11,660)
Net increase (decrease) in cash and cash equivalents 16,767 (14,538)
Cash and cash equivalents at beginning of the period 3,705 16,906
Cash and cash equivalents at end of the period 20,472 2,368
Supplemental cash flow information:    
Financing costs included in accounts payable $ 0 $ 208