v3.26.1
Note 4 - Inventories
9 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 4 - Inventories

 

Inventories consist of raw materials, work in process and finished goods, and are recorded at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. The Company periodically reviews the composition of its inventories to identify obsolete, slow-moving or otherwise unsaleable items. In the event that such items are identified and there are no alternate uses for the inventory, the Company will record a charge to reduce the value of the inventory to net realizable value in the period first recognized. The Company incurred inventory write-downs primarily as a result of unsalable and slow-moving products of $0.7 million and $0.1 million for the three months ended March 31, 2026, and 2025, respectively, and $1.8 million and $0.2 million for the nine months ended March 31, 2026, and 2025, respectively.

 

Inventories consist of the following:

 

  

March 31,

  

June 30,

 
  

2026

  

2025

 
  

(in thousands)

 

Raw materials

 $1,372  $1,115 

Work in process

  2,047   1,381 

Finished goods

  4,041   8,938 

Inventories

 $7,460  $11,434