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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenue $ 67,897 $ 60,356 $ 195,939 $ 179,468
Cost of sales 40,990 37,463 120,388 123,972
Gross profit 26,907 22,893 75,551 55,496
Operating expenses:        
Sales and marketing 5,747 3,154 14,256 8,888
Technology and product development 4,916 4,594 12,115 16,757
General and administrative 8,552 7,041 29,493 25,179
Investigation, proxy solicitation and restatement expenses, net of insurance recoveries 0 (1,000) 0 (453)
Integration and acquisition expenses 907 0 1,078 2,787
Depreciation and amortization 2,493 2,364 7,976 5,029
Total operating expenses 22,615 16,153 64,918 58,187
Operating income (loss) 4,292 6,740 10,633 (2,691)
Other income (expense):        
Interest income from cash and leases 495 540 1,505 1,985
Interest income (expense) from debt and tax liabilities 162 (263) (1,947) (1,258)
Other expense, net (209) (13) (158) (112)
Total other income (expense), net 448 264 (600) 615
Income (loss) before income taxes 4,740 7,004 10,033 (2,076)
Provision for income taxes (84) (56) (246) (123)
Net income (loss) 4,656 6,948 9,787 (2,199)
Preferred dividends (289) (289) (578) (623)
Net income (loss) applicable to common shares $ 4,367 $ 6,659 $ 9,209 $ (2,822)
Net earnings (loss) per common share        
Basic (in dollars per share) $ 0.06 $ 0.09 $ 0.13 $ (0.04)
Diluted (in dollars per share) $ 0.06 $ 0.09 $ 0.12 $ (0.04)
Weighted average number of common shares outstanding used to compute net earnings (loss) per share applicable to common shares        
Basic (in shares) 72,851,498 72,491,373 72,770,582 71,771,135
Diluted (in shares) 74,068,437 72,866,221 74,054,820 71,771,135
Subscription and transaction fees        
Revenue $ 59,207 $ 51,245 $ 170,371 $ 147,252
Cost of sales 32,926 29,577 96,539 90,149
Equipment sales        
Revenue 8,690 9,111 25,568 32,216
Cost of sales $ 8,064 $ 7,886 $ 23,849 $ 33,823