| Schedule of Reconciliation Of Basic And Dilutive Earnings (Loss) Per Share |
The following table includes a reconciliation of basic and dilutive earnings (loss) per share for each of the periods presented, as well as a summary of the potentially dilutive securities that were excluded from such computations as they would have had an antidilutive effect.
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Three months ended March 31, |
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Nine Months Ended March 31, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands, except per share data) |
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Basic earnings (loss) per share: |
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Net income (loss) - numerator |
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$ |
(12,132 |
) |
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$ |
5,280 |
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$ |
(33,717 |
) |
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$ |
(21,841 |
) |
Weighted-average shares — denominator |
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34,912 |
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7,207 |
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26,142 |
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4,329 |
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Basic earnings (loss) per share |
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$ |
(0.35 |
) |
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$ |
0.73 |
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$ |
(1.29 |
) |
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$ |
(5.05 |
) |
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Diluted earnings (loss) per share: |
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Net income (loss) |
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$ |
(12,132 |
) |
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$ |
5,280 |
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$ |
(33,717 |
) |
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$ |
(21,841 |
) |
Interest expense on convertible notes, net of amounts capitalized |
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— |
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1,868 |
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— |
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— |
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Gain on extinguishment of debt |
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— |
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(17,333 |
) |
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— |
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— |
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Net income (loss) - numerator |
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$ |
(12,132 |
) |
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$ |
(10,185 |
) |
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$ |
(33,717 |
) |
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$ |
(21,841 |
) |
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Weighted-average shares (denominator): |
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34,912 |
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7,207 |
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26,142 |
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4,329 |
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Additional shares assuming conversion of convertible note(1) |
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— |
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3,245 |
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— |
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— |
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Weighted-average shares — diluted |
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34,912 |
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10,452 |
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26,142 |
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4,329 |
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Diluted earnings (loss) per share |
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$ |
(0.35 |
) |
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$ |
(0.97 |
) |
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$ |
(1.29 |
) |
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$ |
(5.05 |
) |
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Items excluded due to anti-dilutive effect: |
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Interest expense on convertible notes, net of amounts capitalized |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
6,451 |
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Derivative gain (loss) — convertible note derivatives |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
1,357 |
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Additional shares assuming conversion of convertible notes(1) |
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— |
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— |
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— |
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2,376 |
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Additional shares assuming exercise of warrants |
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3,280 |
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6,096 |
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3,280 |
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6,096 |
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Stock options, unvested restricted stock units and performance
share units excluded due to anti-dilutive effect |
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1,073 |
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180 |
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1,073 |
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180 |
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(1)Represents the shares that would have been issued if noteholders had elected to convert the Convertible Notes into shares of Common Stock based upon the principal and accrued interest balance and Conversion Rate applicable at the beginning of the respective period, or at the issuance date of such Convertible Notes, if later.
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