XML 31 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:      
Net income (loss) $ 11,993 $ 633 $ (1,703)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Stock-based compensation 5,109 4,737 6,248
Amortization of debt issuance costs and discounts 124 128 148
Provision for expected losses 3,861 5,815 3,471
Provision for inventory reserve 240 280 (397)
Depreciation and amortization 12,204 8,807 5,325
Property and equipment write-off 601 364 0
Noncash lease expense 1,246 0 0
Deferred income taxes and other 192 (116) 686
Changes in operating assets and liabilities:      
Accounts receivable (18,542) 4,960 (13,649)
Finance receivables 3,712 (32) (1,884)
Inventory (9,447) (10,387) (14,064)
Prepaid expenses and other assets (4,035) (180) (4,262)
Accounts payable and accrued expenses 21,131 (458) 12,153
Operating lease liabilities (651) (133) (907)
Deferred revenue 7 (226) 130
Net cash provided by (used in) operating activities 27,745 14,192 (8,705)
Cash flows from investing activities:      
Capital expenditures (14,935) (16,151) (9,260)
Acquisition of business, net of cash acquired (3,701) (35,714) (2,966)
Net cash used in investing activities (18,636) (51,865) (12,226)
Cash flows from financing activities:      
Proceeds from long-term debt 0 25,000 738
Repayment of long-term debt (954) (1,270) (606)
Contingent consideration paid for acquisition 0 (1,000) 0
Repurchase of Series A Convertible Preferred Stock 0 (2,151) 0
Payment of employee taxes related to stock-based compensation (219) (104) 0
Proceeds from exercise of common stock options 115 0 895
Payment of third-party debt issuance costs 0 0 (107)
Net cash (used in) provided by financing activities (1,058) 20,475 920
Effect of currency exchange rate changes on cash and cash equivalents (58) 0 0
Net increase (decrease) in cash and cash equivalents 7,993 (17,198) (20,011)
Cash and cash equivalents at beginning of year 50,927 68,125 88,136
Cash and cash equivalents at end of year 58,920 50,927 68,125
Supplemental disclosures of cash flow information:      
Interest paid in cash 3,656 2,641 755
Income taxes paid in cash 223 61 94
Common stock issued in business combination (non-cash financing activity) $ 0 $ 4,506 $ 0