v3.22.4
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (6,371) $ (29,666)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of warrant liability (1,603) (8,046)
Share-based compensation expense 2,372 4,863
Depreciation and amortization 191 152
Non-cash lease expense 703 449
Changes in operating assets and liabilities:    
Unbilled receivables 4,340 (2,569)
Prepaid expenses and other current assets 262 (1,014)
Accounts payable (3,851) (99)
Accrued liabilities 3,526 1,363
Deferred revenue (28,002) 18,736
Operating lease liability (619) (456)
Net cash used in operating activities (29,052) (16,287)
Cash flows from investing activities:    
Purchases of short-term investments (67,862) (173,300)
Proceeds from maturity of short-term investments 92,118 144,983
Proceeds from (purchases) of property and equipment 13 (59)
Net cash provided by (used in) investing activities 24,269 (28,376)
Cash flows from financing activities:    
Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders (40) (194)
Proceeds from exercise of stock options 0 212
Proceeds from issuance of common stock, Gross 0 52,325
Payments of Stock Issuance Costs 0 (3,672)
Net cash (used in) provided by financing activities (40) 48,671
Net (decrease) increase in cash and cash equivalents (4,823) 4,008
Cash and cash equivalents at beginning of the period 15,740 8,543
Cash and cash equivalents at end of the period 10,917 12,551
Supplemental disclosures:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 4,347 $ 0