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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 9,787 $ (2,199)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock based compensation 4,047 2,889
Amortization of debt issuance costs and discounts 93 87
Provision for expected losses 3,423 1,823
Provision for inventory reserve 92 25
Depreciation and amortization included in operating expenses 7,976 5,029
Depreciation included in cost of subscription and transaction fees for rental equipment 1,137 852
Non-cash lease expense 1,070 (429)
Deferred income taxes 134 72
Other 527 363
Changes in operating assets and liabilities:    
Accounts receivable (16,471) 9,589
Finance receivables 3,038 (653)
Inventory (5,584) (8,245)
Prepaid expenses and other assets (3,762) (746)
Accounts payable and accrued expenses 8,455 (2,868)
Operating lease liabilities (655) 183
Deferred revenue 174 1
Net cash provided by operating activities 13,481 5,773
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (4,750) (35,855)
Capital expenditures (9,175) (12,634)
Net cash used in investing activities (13,925) (48,489)
Cash flows from financing activities:    
Proceeds from long-term debt 0 25,000
Repayment of long-term debt (389) (580)
Contingent consideration paid for acquisition 0 (1,000)
Proceeds from exercise of common stock options 96 0
Repurchase of Series A Convertible Preferred Stock 0 (2,153)
Net cash (used in) provided by financing activities (293) 21,267
Effect of currency exchange rate changes on cash and cash equivalents 7 0
Net decrease in cash and cash equivalents (730) (21,449)
Cash and cash equivalents at beginning of year 50,927 68,125
Cash and cash equivalents at end of period 50,197 46,676
Supplemental disclosures of cash flow information:    
Interest paid in cash 2,628 1,869
Income taxes paid in cash 142 44
Common stock issued in business combination $ 0 $ 3,942