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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (21,593) $ (2,816) $ (7,314) $ (7,195)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 3,205 2,419 3,154 2,314
Stock-based compensation 10,436 2,577 4,082 1,545
Accretion of discount on investment in marketable debt securities (2,855) (885) (1,319)  
Revaluation of warrant liabilities and forfeiture of warrants 717 (139) 25 182
Issuance of warrants   139 274  
Deferred income taxes   (113) (176)  
Changes in assets and liabilities:        
Accounts receivable 958 (1,704) (2,098) (279)
Unbilled revenue (1,356) (1,385) (1,748) (503)
Prepaid expenses and other current assets (10,843) (4,341) (5,690) (3,477)
Other assets (1,047) (804) (995) (2,828)
Accounts payable (1,475) 3,140 3,171 (563)
Accrued and other current liabilities 6,893 1,782 4,336 1,642
Other long-term liabilities 10,689 (212) 302 35
Deferred revenue 2,944 264 47 771
Net cash used in operating activities (3,327) (2,078) (3,949) (8,356)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of corporate and customer fund short-term investments (830,694) (633,405) (830,622) (726,788)
Proceeds from maturities of corporate and customer fund short-term investments 596,311 550,814 694,303 290,828
Proceeds from sale of corporate and customer fund short-term investments 25,337 54,715 54,715 16,498
(Increase) decrease in restricted cash and cash equivalents and other receivables included in funds held for customers 102,498 (240,851) (333,348) 85,876
Purchases of property and equipment (5,736) (2,259) (2,743) (1,313)
Capitalization of internal-use software costs (489) (1,315) (1,556) (733)
(Increase) decrease in restricted cash 550 (550) (550) 211
Net cash used in investing activities (112,223) (272,851) (419,801) (335,421)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Increase in customer fund deposits liability 24,246 264,897 414,293 263,671
Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions and other offering costs 225,544      
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs   87,875 85,160 55,805
Proceeds from bank borrowings 2,300     9,500
Payments on bank borrowings   (833) (9,500) (3,387)
Proceeds from exercise of stock options 1,746 1,316 1,702 693
Proceeds from exercise of stock warrants 144      
Payments of deferred debt issuance costs (151)      
Net cash provided by financing activities 253,829 353,255 491,655 326,282
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 138,279 78,326 67,905 (17,495)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 90,306 22,401 22,401 39,896
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 228,585 $ 100,727 90,306 22,401
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:        
Cash paid for interest     872 436
Accrued purchases of property and equipment       $ 1,908
Accrued deferred offering and debt issuance costs     $ 470