v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities    
Net income $ 7,900,000 $ 5,333,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 642,000 663,000
Amortization 162,000 112,000
Share-based compensation expense 1,960,000 2,409,000
Changes in operating assets and liabilities:    
Accounts receivable (3,591,000) (109,000)
Contract assets (50,000) (405,000)
Inventories (123,000) 564,000
Prepaid expenses and other assets (364,000) (779,000)
Income tax receivable, net 393,000 (1,209,000)
Accounts payable and accrued liabilities 291,000 877,000
Accrued compensation (549,000) 78,000
Net cash provided by operating activities 6,671,000 7,534,000
Cash Flows From Investing Activities    
Expenditures for property and equipment (1,033,000) (117,000)
Expenditures for finite-life intangible assets (44,000) (32,000)
Net cash used for investing activities (1,077,000) (149,000)
Cash Flows From Financing Activities    
Issuance of common stock upon exercise of options 268,000 381,000
Taxes paid on net share settlement of stock awards (246,000) (2,278,000)
Repurchase of common stock (3,918,000) (6,331,000)
Net cash used for financing activities (3,896,000) (8,228,000)
Net increase (decrease) in cash 1,698,000 (843,000)
Cash and cash equivalents    
Beginning of period 15,287,000 16,080,000
End of period 16,985,000 15,237,000
Supplemental Disclosures of Cash Flow Information    
Cash paid for income taxes 2,106,000 2,985,000
Supplemental Disclosures of Noncash Investing and Financing Activities    
Property and equipment and intangible asset acquisitions in accounts payable 71,000 30,000
Demonstration equipment transferred between inventory and property and equipment 127,000 180,000
Obligation for unsettled share repurchases in accrued liabilities 0 118,000
Issuance of common stock upon the vesting of performance-based stock units $ 0 $ 1,000