FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS (Tables)

12 Months Ended

Jun. 30, 2025

FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS

Schedule of financial assets measured at fair value on a recurring basis

The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy classification of such fair values as of June 30, 2025.

	Fair Value Measurement of Assets as of June 30, 2025
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Money market funds	$	86,059	$	86,059	$	—	$	—
Corporate commercial paper		1,000		—		1,000		—
U.S. Government treasuries		1,996		—		1,996		—
Marketable debt securities:
Corporate commercial paper		16,588		—		16,588		—
U.S. Government agencies		5,445		—		5,445		—
U.S. Government treasuries		1,484		—		1,484		—
Corporate notes and bonds		50,234		—		50,234		—
Total	$	162,806	$	86,059	$	76,747	$	—

The following table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy classification of such fair values as of June 30, 2024.

	Fair Value Measurement of Assets as of June 30, 2024
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Money market funds	$	61,249	$	61,249	$	—	$	—
Marketable debt securities:
Corporate commercial paper		20,929		—		20,929		—
U.S. Government agencies		1,997		—		1,997		—
U.S. Government treasuries		2,720		—		2,720		—
Corporate notes and bonds		30,832		—		30,832		—
Asset-backed securities		263		—		263		—
Total	$	117,990	$	61,249	$	56,741	$	—

Schedule of changes in the fair value of the company's derivative liabilities, fair value, level 3 inputs

The following table sets forth a summary of changes in the fair value of the Company’s derivative liabilities for which fair value was determined on a recurring basis for the fiscal years ended June 30, 2025 and 2024 (in thousands):

	2025				2024
	Warrant		Embedded		Warrant		Embedded
Fair value, beginning of fiscal year	$	—	$	468	$	—	$	412
Warrant liability incurred on March 8, 2024		—		—		5,697		—
Changes in fair value		—		—		2,850		56
Reclassification of warrant derivative liability to equity on May 13, 2024		—		—		(8,547)		—
Fair value, end of fiscal year	$	—	$	468	$	—	$	468