Accounts Receivable and Significant Client

12 Months Ended

Jun. 30, 2025

Receivables [Abstract]

Accounts Receivable and Significant Client

ACCOUNTS RECEIVABLE AND SIGNIFICANT CLIENT

Accounts receivable, net in the accompanying consolidated balance sheets consists of the following:

($000s)	June 30, 2025		June 30, 2024
Accounts receivable	$	117,368	$	98,438
Less: Allowance for credit losses	(232)		(72)
Accounts receivable, net	$	117,136	$	98,366

The Company will write-off accounts receivable against the allowance when it determines a balance is uncollectible.

Activity in the Company’s allowance for credit losses consists of the following:

($000s)	June 30, 2025		June 30, 2024
Beginning balance	$	72	$	120
Provision for credit losses	535		93
Reversal of provision for credit losses	(21)		(60)
Uncollectible receivables written off	(354)		(87)
Effect of foreign exchange	—		6
Ending balance	$	232	$	72

Significant Client

During the years ended June 30, 2025 and 2024, the Company had one client that contributed approximately 11% and 12% of total revenue, respectively. As of June 30, 2025 and 2024, the accounts receivable from this client was $9.2 million and $13.6 million, respectively.

To limit the Company’s credit risk with its clients, management regularly monitors the aging of customer receivables, maintains allowances for credit losses and may require prepayment for services from certain clients. Based on currently available information, management does not believe significant credit risk exists as of June 30, 2025.