v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 40,623 $ 57,416
Restricted cash 611 574
Accounts Receivable, Allowance for Credit Loss, Current, Net [1] 67,409 83,192
Inventories 147,075 141,020
Prepaid expenses and other current assets [2] 31,783 33,501
Deferred cost of revenue 276 1,762
Total current assets 287,777 317,465
Noncurrent assets:    
Property and equipment, net 27,316 28,658
Carrying value of investment in joint venture 5,024 4,612
Operating lease right-of-use assets, net 27,512 33,115
Goodwill 57,911 57,802
Restricted cash 7,533 4,144
Other assets 30,603 24,443
Total assets 443,676 470,239
Current liabilities:    
Accounts payable 40,554 34,033
Accrued compensation 15,666 14,573
Operating lease liabilities 8,236 7,375
Other accrued liabilities 32,235 29,361
Customer advances 10,401 12,197
Deferred revenue, current 82,813 82,306
Short-term debt, net 1,500 12,734
Total current liabilities 191,405 192,579
Noncurrent liabilities:    
Noncurrent portion of operating lease obligations 27,768 32,482
Long-term other liabilities 5,477 5,160
Warrant liability 2,427 8,497
Deferred revenue, non-current 28,530 26,566
Long-term debt, net 146,370 123,786
Total liabilities 401,977 389,070
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.001 par value; authorized: 200,000,000 shares as of June 30, 2026, and June 30, 2025, respectively; 122,541,809 shares issued and 119,433,440 shares outstanding as of June 30, 2026, and 115,752,221 shares issued and 112,643,852 shares outstanding as of June 30, 2025. 119 113
Additional paid-in-capital 613,559 602,165
Accumulated other comprehensive loss (3,513) (1,837)
Accumulated deficit (568,466) (519,272)
Total stockholders’ equity 41,699 81,169
Total liabilities and stockholders’ equity $ 443,676 $ 470,239
[1] Included accounts receivable from the joint venture, an equity method investment, of $9,900 and $28,452 at June 30, 2026, and June 30, 2025, respectively. See Note 11.
[2] Included other receivable from the joint venture, an equity method investment, of $270 and $377 at June 30, 2026, and June 30, 2025, respectively.