FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS (Tables)

12 Months Ended

Jun. 30, 2024

FINANCIAL INSTRUMENTS AND SIGNIFICANT CONCENTRATIONS

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

	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	$	—

	Fair Value Measurement of Assets as of June 30, 2023
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Money market funds	$	5,464	$	5,464	$	—	$	—
Corporate commercial paper		4,481		4,481		—		—
Marketable debt securities:
Corporate commercial paper		41,597		—		41,597		—
U.S. Government agencies		26,394		—		26,394		—
U.S. Government treasuries		10,404		10,404		—		—
Corporate notes and bonds		19,240		—		19,240		—
Asset-backed securities		4,694		—		4,694		—
Total	$	112,274	$	20,349	$	91,925	$	—

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 liabilities for which fair value was determined on a recurring basis for the fiscal years ended June 30, 2024 and 2023 (in thousands):

	2024				2023
	Warrant		Embedded		Warrant		Embedded
Fair value, beginning of fiscal year	$	—	$	412	$	—	$	407
Warrant liability incurred on March 8, 2024		5,697		—		—		—
Changes in fair value		2,850		56		—		5
Reclassification of warrant derivative liability to equity on May 13, 2024		(8,547)		—		—		—
Fair value, end of fiscal year	$	—	$	468	$	—	$	412