Net Loss Per Common Share

12 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Net Loss Per Common Share

Note 17. Net Loss Per Common Share 

Basic net loss per common share is calculated by dividing net loss attributable to the Company by the weighted average number of common shares outstanding during the periods presented. Diluted net loss per common share is calculated by dividing diluted net loss attributable to the Company by the weighted average number of common shares outstanding adjusted to include the effect, if dilutive, of the exercise of in-the-money stock options, unvested performance-based restricted stock units, unvested RSUs and shares of Series A Preferred Stock, as converted, during the periods presented. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such option’s exercise prices were greater than the average market price of our common shares for the period). Potentially dilutive securities include unvested RSUs and performance-based restricted stock units. For the year ended June 30, 2025 and 2024, shares of the Company’s outstanding RSUs, PBRSUs, preferred stock and stock options were not included in the computation of diluted loss per common share as their effects were anti-dilutive.

The following table presents the computation of basic and diluted loss per common share, net of income taxes:

	For the Years Ended June 30,
(In thousands, except share and per share amounts)	2025		2024
Net loss available to common stockholders—basic	$	(14,516)	$	(3,875)
Weighted average common shares outstanding—basic and diluted	21,394,543		20,873,266
Net loss per common share available to common stockholders—basic and diluted	$	(0.68)	$	(0.19)

The following table summarizes anti-dilutive securities excluded from the computation of diluted net loss per common share for the periods indicated:

	For the Years Ended June 30,
	2025	2024
Shares issuable under stock options	18,107	19,450
Shares issuable under RSUs and PBRSUs	488,724	203,726