ACCOUNTS RECEIVABLE

12 Months Ended

Jun. 30, 2025

Receivables [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

Accounts receivable primarily include amounts due to the Company for sales of equipment and subscription fees to customers, 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 $37.9 million as of June 30, 2025 and $43.8 million as of June 30, 2024.

Concentrations

As of June 30, 2025 and June 30, 2024, no customer represented more than 10% of the Company's accounts receivable, net of allowance.

Allowance for credit losses

The following table represents the activity for the allowance for credit losses for the years ending June 30, 2025 and 2024:

	Year ended June 30,
($ in thousands)	2025		2024
Balance, beginning of year	$	13,442	$	10,815
Provision adjustments	4,781		4,024
Write-offs	(4,982)		(1,397)
Balance, end of year	$	13,241	$	13,442

During the year ended June 30, 2025, the Company had an increase in write-offs of Accounts Receivable due to the write off of balances which were fully reserved for as the beginning of the year but had not yet been written off.