v3.26.1
Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Cash flows from operating activities    
Net loss $ (49,194) $ (1,591)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,942 6,150
Share-based compensation 6,455 10,201
Amortization of debt financing costs and discount for warrants issued to lenders 8,088 1,439
Gain on extinguishment of debt 0 (1,475)
Non-cash interest paid-in-kind 9,704 616
Gain (loss) from change in fair value of warrant liability (8,369) 499
Provision for (recovery of) credit losses 573 (101)
Provision for write-down of inventories 3,583 2,216
Asset Impairments 2,375 0
Loss on disposal of property and equipment 538 0
Income from equity method investment (1,124) (4,714)
Net deferred gross profit (loss) on sales to the JV (36) 7,666
Provision for deferred income taxes 624 156
Changes in assets and liabilities:    
Accounts receivable 11,520 13,356
Inventories (12,484) (9,109)
Prepaid expenses and other assets (8,011) (2,542)
Deferred cost of revenue 1,483 (912)
Accounts payable 5,171 (18,674)
Operating lease liabilities, net of operating lease right-of-use assets 963 620
Accrued compensation and accrued liabilities 7,665 (5,906)
Customer advances (1,443) (2,440)
Deferred revenues 6,996 7,405
Net cash (used in) provided by operating activities (6,981) 2,860
Cash flows from investing activities    
Purchases of property and equipment, net (5,861) (4,272)
Capitalized costs for software to be sold (6,418) (4,251)
Net cash used in investing activities (12,279) (8,523)
Cash flows from financing activities    
Proceeds from the issuance of common stock to employees 665 1,627
Taxes paid related to net share settlement of equity awards (51) (90)
Debt financing costs (1,142) (13,289)
Paydown of 2026 Convertible Notes (18,000) (68,500)
Borrowings under Revolving Credit Facility 19,000 27,000
Repayments under Revolving Credit Facility (14,000) (37,000)
Proceeds from the IEEPA Financing Agreement 6,607 0
Payments of IEEPA refunds to third-party purchaser (2,752) 0
Net cash provided by (used in) financing activities 6,977 (4,252)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,084) 1,657
Net decrease in cash, cash equivalents and restricted cash (13,367) (8,258)
Cash, cash equivalents and restricted cash at beginning of period 62,134 70,392
Cash, cash equivalents and restricted cash at end of period 48,767 62,134
Supplemental Disclosure of Cash Flow Information    
Cash paid for income taxes 2,323 3,870
Cash paid for interest 13,859 9,737
Supplemental non-cash disclosure:    
Fair value of stock issued to settle Convertible Notes 0 11,102
Fair value of warrants issued with debt 6,629 21,105
Unpaid purchase of property and equipment at end of year 9 888
Unpaid capitalized software costs at end of year 0 258
Transfers from inventory to property and equipment 1,636 3,709
Transfer of inventory to other assets (1,218) 1,218
Transfer of lease liabilities to leasehold improvements 0 1,251
Transfer of other assets to property and equipment 0 242
Financing obligation from uncollected IEEPA refunds 2,763 0
Dividend receivable from joint venture 1,446 2,453
Delayed Draw Facility [Member]    
Cash flows from financing activities    
Proceeds from debt 18,250 0
Term Loan Facilities Due 2030 [Member]    
Cash flows from financing activities    
Proceeds from debt 0 150,000
Term Loan Facilities [Member]    
Cash flows from financing activities    
Paydown of Term Loan Facility $ (1,600) $ (64,000)