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Basis of Presentation and Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Summary of Reconciliation of Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet that sums to the total of the same such amounts as shown in the condensed consolidated statement of cash flows:

(in thousands)

 

March 31, 2022

 

 

June 30, 2021

 

Cash and cash equivalents

 

$

69,109

 

 

$

118,879

 

Restricted cash

 

 

6,600

 

 

 

4,800

 

Total cash, cash equivalents and restricted cash as shown in the condensed consolidated statement of cash flows

 

$

75,709

 

 

$

123,679

 

Restricted cash consists of $4.8 million that was deposited into a restricted cash account as collateral for the credit facility, subject to release upon the completion of certain construction costs and $1.8 million that was deposited into a restricted cash account as collateral for our captive insurance letter of credit.

Summary of Revenue by Segment and Region

The following tables summarizes revenue by geographic region:

 

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Geographic regions:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

77,586

 

 

$

45,929

 

 

$

213,713

 

 

$

159,830

 

Canada

 

 

500

 

 

 

644

 

 

 

1,812

 

 

 

1,997

 

Europe, Middle East, & Africa

 

 

180

 

 

 

55

 

 

 

821

 

 

 

261

 

Asia Pacific

 

 

488

 

 

 

157

 

 

 

1,325

 

 

 

1,211

 

Other

 

 

179

 

 

 

112

 

 

 

560

 

 

 

410

 

Total net revenue

 

$

78,933

 

 

$

46,897

 

 

$

218,231

 

 

$

163,709

 

Summary of Disaggregation of Revenue

The following table provides a disaggregation of revenue based on the pattern of revenue recognition:

 

 

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Point in time

 

$

65,170

 

 

$

38,285

 

 

$

180,116

 

 

$

137,328

 

Over a period of time

 

 

13,763

 

 

 

8,612

 

 

 

38,115

 

 

 

26,381

 

Total net revenue

 

$

78,933

 

 

$

46,897

 

 

$

218,231

 

 

$

163,709

 

Schedules of Customer Concentration Risk

The following table summarizes customer concentration:

 

 

Three Months Ended March 31,

 

Nine Months Ended March 31,

 

 

2022

 

2021

 

2022

 

2021

Revenue as a percent of total revenue

 

 

 

 

 

 

 

 

Customer A

 

15.6%

 

41.0%

 

18.3%

 

40.0%

Customer B

 

*

 

*

 

10.0%

 

12.0%

Customer C

 

*

 

*

 

10.1%

 

*

Customer D

 

*

 

*

 

*

 

*

The following table summarizes customer concentration:

 

 

March 31, 2022

 

June 30, 2021

Receivables as a percent of total receivables

 

 

 

 

Customer A

 

44.3%

 

35.0%

Customer B

 

*

 

21.0%

Customer C

 

*

 

*

Customer D

 

11.5%

 

10.4%

* Customer revenue or receivables did not exceed 10% in the respective periods.