v3.26.1
Supplemental Financial Information
 12 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information

 

3.   Supplemental Financial Information

 

Accounts Receivable

 

The following table presents details of our accounts receivable:

          
   June 30, 
   2026   2025 
   (In thousands) 
Accounts receivable  $25,476   $25,231 
Allowance for credit losses   (159)   (139)
Accounts receivable, net  $25,317   $25,092 

 

Inventories

 

The following table presents details of our inventories:

          
   June 30, 
   2026   2025 
   (In thousands) 
Finished goods  $16,578   $15,603 
Raw materials   9,226    10,768 
Inventories, net  $25,804   $26,371 

 

Property and Equipment

 

The following table presents details of our property and equipment:

          
   June 30, 
   2026   2025 
   (In thousands) 
Computer, software and office equipment  $5,135   $4,886 
Furniture and fixtures   2,700    2,698 
Production, development and warehouse equipment   3,738    3,946 
Construction-in-progress   89    – 
Property and equipment, gross   11,662    11,530 
Less accumulated depreciation   (10,209)   (9,074)
Property and equipment, net  $1,453   $2,456 

 

Goodwill

 

The following table presents details of our goodwill balance:

          
   Years Ended June 30, 
   2026   2025 
   (In thousands) 
Balance at June 30, 2024  $31,089   $27,824 
Acquisition of NetComm   –    3,265 
Balance at June 30, 2025  $31,089   $31,089 

 

Intangible Assets

 

The following table presents details of our intangible assets:

                              
   June 30, 2026   June 30, 2025 
   Gross Carrying Amount   Accumulated Amortization   Net Book Value   Gross Carrying Amount   Accumulated Amortization   Net Book Value 
   (In thousands) 
Developed technology  $6,793   $(6,303)  $490   $6,793   $(6,066)  $727 
Customer relationships   19,116    (17,452)   1,664    19,116    (16,321)   2,795 
Order backlog   297    (297)   –    297    (149)   148 
Trademark and trade name   1,516    (1,493)   23    1,516    (1,448)   68 
   $27,722   $(25,545)  $2,177   $27,722   $(23,984)  $3,738 

 

We do not currently have any intangible assets with indefinite useful lives.

 

As of June 30, 2026, future estimated amortization expense is as follows:

    
Years Ending June 30,    
(In thousands)     
2027  $539 
2028   256 
2029   191 
2030   191 
2031   151 
Thereafter   849 
Total future amortization  $2,177 

 

Warranty Reserve

 

The following table presents details of our warranty reserve:

          
   Years Ended June 30, 
   2026   2025 
   (In thousands) 
Beginning balance  $663   $840 
Charged to cost of revenues   255    220 
Usage   (326)   (397)
Ending balance  $592   $663 

 

Other Liabilities

 

The following table presents details of our other liabilities:

          
   June 30, 
   2026   2025 
   (In thousands) 
Current          
Accrued variable consideration  $2,352   $2,557 
Customer deposits and refunds   282    321 
Accrued raw materials purchases   155    204 
Deferred revenue   3,073    3,301 
Lease liability   1,635    1,594 
Taxes payable   (4)   103 
Warranty reserve   592    663 
Accrued operating expenses   2,199    1,879 
Total other current liabilities  $10,284   $10,622 
           
Non-current          
Lease liability  $6,656   $7,811 
Deferred tax liability   219    172 
Deferred revenue   2,110    2,255 
Total other non-current liabilities  $8,985   $10,238 

 

Computation of Net Loss per Share

 

The following table presents the computation of net loss per share:

          
   Years Ended June 30, 
   2026   2025 
   (In thousands, except per share data) 
Numerator:          
Net loss  $(4,181)  $(11,373)
           
Denominator:          
Weighted-average shares outstanding - basic and diluted   40,145    38,613 
           
Net loss per share - basic and diluted  $(0.10)  $(0.29)

 

The following table presents the common stock equivalents excluded from the diluted net loss per share calculation because they were anti-dilutive for the periods presented. These excluded common stock equivalents could be dilutive in the future.

          
   Years Ended June 30, 
   2026   2025 
   (In thousands) 
Common stock equivalents   1,093    528 

 

Restructuring, Severance and Related Charges

 

During fiscal 2026 and 2025, we incurred restructuring charges of $566,000 and $3,535,000, respectively, related to certain headcount reductions. We may incur additional charges in future periods as we identify additional cost savings and efficiencies related to our business.

 

The following table presents details of the liability we recorded related to restructuring, severance and related activities during the current fiscal year:

    
   Year Ended 
   June 30, 
   2026 
   (In thousands) 
Beginning balance  $479 
Charges   566 
Payments   (1,028)
Ending balance  $17 

 

The ending balance is recorded in accrued payroll and related expenses on the accompanying consolidated balance sheet at June 30, 2026.

 

Supplemental Cash Flow Information

 

The following table presents non-cash investing and financing transactions excluded from the consolidated statements of cash flows:

          
   Years Ended June 30, 
   2026   2025 
   (In thousands) 
Acquisition of property through operating leases  $621   $1,027 
Acquisition of property through financing leases  $7   $– 
Accrued property and equipment paid for in the subsequent period  $41   $27 
Offering costs paid for in the subsequent period  $321   $–