ACCOUNTS RECEIVABLE

3 Months Ended

Sep. 30, 2024

Receivables [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

Accounts receivable includes amounts due to the Company for sales of equipment and subscription fees, settlement receivables for amounts due from third-party payment processors, receivables from contract manufacturers and unbilled amounts due from customers, net of the allowance for credit losses. Accounts receivable, net of the allowance for uncollectible accounts were $32.5 million as of September 30, 2024 and $43.8 million as of June 30, 2024.

Allowance for credit losses

The following table represents a rollforward of the allowance for credit losses for the three months ended September 30, 2024 and 2023:

	Three months ended September 30,
($ in thousands)	2024		2023
Balance, beginning of quarter	$	13,442	$	10,815
Provision for expected losses	558		958
Write-offs	(354)		(60)
Balance, end of quarter	$	13,646	$	11,713