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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows provided by (used in) operating activities:    
Net income $ 6,792 $ 2,191
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Gain from sale of OSP (Note 3) (8,396) (2,000)
Depreciation and amortization 853 1,005
Deferred income taxes (197) (29)
Non-cash interest 2,513 1,290
Long lived asset impairment 352 170
Stock-based compensation 1,604 890
Amortization of debt discount and financing costs 1,605 1,493
Other non-cash items affecting earnings 569 (29)
Changes in operating assets and liabilities, excluding the effects of asset sales and business acquisitions [1] (4,909) (11,834)
Net cash provided by (used in) operating activities 786 (6,853)
Cash flows provided by (used in) investing activities:    
Capital expenditures (444) (323)
Business acquisitions, net of cash acquired and certain obligations assumed (18,631) 0
Proceeds from sale of OSP, net of fees 8,463 0
Net cash used in investing activities (10,612) (323)
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of long-term debt 15,000 0
Borrowings on revolving credit facility 4,326 4,000
Repayments of long-term debt (526) (455)
Repayments of revolving credit facility (10,238) 0
Debt refinancing fees (814) (1,216)
Taxes paid for shares withheld (75) (13)
Net cash provided by financing activities 7,673 2,316
Effect of exchange rate changes on cash and cash equivalents (106) 46
Decrease in cash, cash equivalents, and restricted cash (2,259) (4,814)
Cash, cash equivalents and restricted cash:    
Beginning of period 29,313 21,396
End of period $ 27,054 $ 16,582
[1] Changes in operating assets and liabilities exclude assets and liabilities sold and assets and liabilities acquired through business acquisitions.