ACCOUNTS RECEIVABLE

9 Months Ended

Mar. 31, 2025

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 credit losses were $33.9 million as of March 31, 2025 and $43.8 million as of June 30, 2024. The change in accounts receivable, net of allowance for uncollectible accounts is primarily related to the timing of settlements associated with payment processors and overall cash collections.

Allowance for credit losses

The following table represents a rollforward of the allowance for credit losses for the nine months ended March 31, 2025 and 2024:

	Nine months ended March 31,
($ in thousands)	2025		2024
Balance, June 30	$	13,442	$	10,815
Provision adjustments	558		958
Write-offs	(354)		(60)
Balance, September 30	13,646		11,713
Provision adjustments	1,064		1,266
Write-offs	(3,559)		(134)
Balance, December 31	11,151		12,845
Provision adjustments	930		1,085
Write-offs	(95)		(735)
Balance, March 31	$	11,986	$	13,195