REVENUES

6 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUES

REVENUES

Based on similar operational characteristics, the Company's revenues are disaggregated as follows:

	Three months ended December 31,				Six months ended December 31,
($ in thousands)	2023		2022		2023		2022
Transaction fees	$	37,892	$	32,392	$	74,922	$	63,687
Subscription fees	18,137		16,540		36,242		32,320
Subscription and transaction fees	$	56,029	$	48,932	$	111,164	$	96,007
Equipment sales	9,330		12,398		16,878		23,105
Total revenues	$	65,359	$	61,330	$	128,042	$	119,112

Contract Liabilities

The Company’s contract liability (i.e., deferred revenue) balances are as follows:

	Three months ended December 31,
($ in thousands)	2023		2022
Deferred revenue, beginning of the period	$	1,940	$	2,069
Deferred revenue, end of the period	1,788		1,970
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$	150	$	119

	Six months ended December 31,
($ in thousands)	2023		2022
Deferred revenue, beginning of the period	$	1,666	$	1,893
Deferred revenue, end of the period	1,788		1,970
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$	242	$	226

The change in the contract liability balances period-over-period is primarily the result of timing difference between the Company’s satisfaction of a performance obligation and payment from the customer.

Future Performance Obligations

The Company will recognize revenue in future periods related to remaining performance obligations for certain open contracts. Generally, these contracts have terms of one year or less. The amount of revenue related to unsatisfied performance obligations in which the original duration of the contract is greater than one year are primarily associated with the Company's Cantaloupe ONE rental program which has a contractual term of 36 months. The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied as of December 31, 2023:

($ in thousands)	As of December 31, 2023
Remainder of fiscal year 2024	$	2,923
2025	5,703
2026	3,235
Thereafter	—
Total	$	11,861

Contract Costs

At December 31, 2023, the Company had net capitalized costs to obtain contracts of $0.6 million included in Prepaid expenses and other current assets and $2.8 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. At June 30, 2023, the Company had net capitalized costs to obtain contracts of $0.6 million included in Prepaid expenses and other current assets and $2.8 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheet. None of these capitalized contract costs were impaired.

During the three and six months ended December 31, 2023, amortization of capitalized contract costs was $0.2 million and $0.5 million, respectively. During the three and six months ended December 31, 2022, amortization of capitalized contract costs was $0.2 million and $0.4 million, respectively.