v3.25.1
Unaudited Condensed Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Common Stock
Private Placement
Common Stock
Additional Paid-in Capital
Private Placement
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Private Placement
Total
Balance beginning at Jun. 30, 2023   $ 37   $ 377,471 $ (351) $ (260,985)   $ 116,172
Balance beginning (in shares) at Jun. 30, 2023   36,827,567            
Issuance of common stock upon exercise of stock options       10       10
Issuance of common stock upon exercise of stock options (in shares)   5,000            
Share-based compensation       5,589       5,589
Cashless exercise of pre-funded warrants   $ 6   (6)        
Cashless exercise of pre-funded warrants (in shares)   6,300,080            
Acquisition and retirement of treasury shares pursuant to Exchange Agreement   $ (3)   (5,697)       (5,700)
Acquisition and retirement of treasury shares pursuant to Exchange Agreement (in shares)   (3,000,000)            
Net change in accumulated other comprehensive income (loss)         273     273
Net loss           (45,483)   (45,483)
Balance ending at Mar. 31, 2024   $ 40   377,367 (78) (306,468)   70,861
Balance ending (in shares) at Mar. 31, 2024   40,132,647            
Balance beginning at Jun. 30, 2023   $ 37   377,471 (351) (260,985)   116,172
Balance beginning (in shares) at Jun. 30, 2023   36,827,567            
Net loss               (68,500)
Balance ending at Jun. 30, 2024   $ 53   450,473 (79) (329,444)   $ 121,003
Balance ending (in shares) at Jun. 30, 2024   53,245,824           53,245,824
Balance beginning at Dec. 31, 2023   $ 40   381,154 (48) (289,418)   $ 91,728
Balance beginning (in shares) at Dec. 31, 2023   39,625,271            
Issuance of common stock upon exercise of stock options       10       10
Issuance of common stock upon exercise of stock options (in shares)   5,000            
Share-based compensation       1,903       1,903
Cashless exercise of pre-funded warrants   $ 3   (3)        
Cashless exercise of pre-funded warrants (in shares)   3,502,376            
Acquisition and retirement of treasury shares pursuant to Exchange Agreement   $ (3)   (5,697)       (5,700)
Acquisition and retirement of treasury shares pursuant to Exchange Agreement (in shares)   (3,000,000)            
Net change in accumulated other comprehensive income (loss)         (30)     (30)
Net loss           (17,050)   (17,050)
Balance ending at Mar. 31, 2024   $ 40   377,367 (78) (306,468)   70,861
Balance ending (in shares) at Mar. 31, 2024   40,132,647            
Balance beginning at Jun. 30, 2024   $ 53   450,473 (79) (329,444)   $ 121,003
Balance beginning (in shares) at Jun. 30, 2024   53,245,824           53,245,824
Gross proceeds from issuance of common stock for cash $ 1   $ 5,999       $ 6,000  
Gross proceeds from issuance of common stock for cash (in shares) 1,500,000              
Commissions and other offering costs       (45)       $ (45)
Issuance of common stock upon exercise of stock options   $ 1   760       $ 761
Issuance of common stock upon exercise of stock options (in shares)   271,823           271,823
Share-based compensation       4,750       $ 4,750
Cashless exercise of pre-funded warrants   $ 6   (6)        
Cashless exercise of pre-funded warrants (in shares)   5,525,267            
Net change in accumulated other comprehensive income (loss)         122     122
Net loss           (50,022)   (50,022)
Balance ending at Mar. 31, 2025   $ 61   461,931 43 (379,466)   $ 82,569
Balance ending (in shares) at Mar. 31, 2025   60,542,914           60,542,914
Balance beginning at Dec. 31, 2024   $ 61   460,016 64 (360,552)   $ 99,589
Balance beginning (in shares) at Dec. 31, 2024   60,534,695            
Issuance of common stock upon exercise of stock options       10       10
Issuance of common stock upon exercise of stock options (in shares)   8,219            
Share-based compensation       1,905       1,905
Net change in accumulated other comprehensive income (loss)         (21)     (21)
Net loss           (18,914)   (18,914)
Balance ending at Mar. 31, 2025   $ 61   $ 461,931 $ 43 $ (379,466)   $ 82,569
Balance ending (in shares) at Mar. 31, 2025   60,542,914           60,542,914