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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating expenses:    
Research and development $ 55,743 $ 43,813
General and administrative 14,680 12,177
Total operating expenses 70,423 55,990
Operating loss (70,423) (55,990)
Non-operating income (expense):    
Interest and other income, net 4,870 4,208
Total non-operating income, net 1,964 4,203
Net loss (68,459) (51,787)
Other comprehensive income (loss):    
Net unrealized gain (loss) on marketable debt securities 272 (351)
Comprehensive loss $ (68,187) $ (52,138)
Net loss per common share - basic (in dollars per share) $ (1.33) $ (1.01)
Net loss per common share - diluted (in dollars per share) $ (1.33) $ (1.01)
Weighted average number of common shares outstanding - basic (in shares) 51,465 51,187
Weighted average number of common shares outstanding - diluted (in shares) 51,465 51,187
Warrant derivative    
Non-operating income (expense):    
Loss from change in fair value of derivative liabilities $ (2,850)  
Embedded derivative    
Non-operating income (expense):    
Loss from change in fair value of derivative liabilities $ (56) $ (5)