NET LOSS PER SHARE (Tables)

12 Months Ended

Jun. 30, 2024

NET LOSS PER SHARE

Schedule of basic and diluted net loss per share

Presented below are the calculations of the numerators and the denominators for basic and diluted net loss per share for the fiscal years ended June 30, 2024 and 2023 (in thousands except per share amounts):

		2024			2023
Calculation of Numerators:
Net loss for calculation of basic and diluted net loss per share	$	(68,459)		$	(51,787)
Calculation of Denominators:
Weighted average number of common shares outstanding		39,499			36,605
Weighted average shares related to pre-funded warrants:
2021 PFWs		1,195			1,661
2022 PFWs		10,245			12,921
Exchange PFWs		393			—
2024 PFWs		133	(1)		—
Weighted average shares for basic and diluted net loss per share		51,465			51,187
Net loss per share of common stock:
Basic	$	(1.33)		$	(1.01)
Diluted	$	(1.33)		$	(1.01)

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(1) Represents the weighted average number of shares related to the Exchange PFWs discussed in Note 7 for the period when they became equity-classified on May 13, 2024 through June 30, 2024.

Schedule of potential common stock equivalents were excluded from the computation of diluted net loss per share

As of June 30, 2024 and 2023, the following potential common stock equivalents were excluded from the calculation of diluted net loss per share since the impact of inclusion was anti-dilutive (in thousands):

	2024	2023
Stock options	10,891	8,745
Legacy warrants	861	888
Total	11,752	9,633