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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenue $ 50,300 $ 42,760 $ 147,171 $ 117,921
Cost of sales 34,100 30,056 100,105 78,677
Gross profit 16,200 12,704 47,066 39,244
Operating expenses:        
Sales and marketing 1,937 1,754 6,021 4,873
Technology and product development 5,532 4,425 16,701 11,422
General and administrative 6,788 7,552 21,724 28,076
Depreciation and amortization 1,062 991 3,197 3,111
Total operating expenses 15,319 14,722 47,643 47,482
Operating income (loss) 881 (2,018) (577) (8,238)
Other income (expense):        
Interest income 445 302 1,363 978
Interest expense 852 (88) (100) (3,970)
Other income (expense) (7) 0 (83) 0
Total other income (expense), net 1,290 214 1,180 (2,992)
Income (loss) before income taxes 2,171 (1,804) 603 (11,230)
Provision for income taxes (35) (44) (226) (133)
Net income (loss) 2,136 (1,848) 377 (11,363)
Preferred dividends (334) (334) (668) (668)
Net income (loss) applicable to common shares $ 1,802 $ (2,182) $ (291) $ (12,031)
Net earnings (loss) per common share        
Basic (in dollars per share) $ 0.03 $ (0.03) $ 0.00 $ (0.18)
Diluted (in dollars per share) $ 0.03 $ (0.03) $ 0.00 $ (0.18)
Weighted average number of common shares outstanding used to compute net income (loss) per share applicable to common shares        
Basic (in shares) 71,083,044 67,112,511 71,076,022 65,617,458
Diluted (in shares) 71,486,718 67,112,511 71,076,022 65,617,458
Subscription and transaction fees        
Revenue $ 42,143 $ 34,686 $ 123,956 $ 101,008
Cost of sales 25,291 20,463 76,234 60,415
Equipment sales        
Revenue 8,157 8,074 23,215 16,913
Cost of sales $ 8,809 $ 9,593 $ 23,871 $ 18,262