v3.26.1
Earnings (Loss) Per Common Share (Tables)
12 Months Ended
Jun. 30, 2026
Earnings (Loss) Per Common Share  
Summary of the components of the earnings (loss) per common share calculation

For purposes of calculating diluted earnings (loss) per common share, the denominator includes both the weighted-average number of shares of Common Stock outstanding during the period and the number of common stock equivalents if the inclusion of such common stock equivalents is dilutive. Dilutive common stock equivalents potentially include stock options and warrants using the treasury stock method. The following table summarizes the components of the earnings (loss) per common share calculation (in thousands, except per share amounts):

Year Ended

June 30, 

2026

  ​ ​ ​

2025

Basic and diluted numerator:

Net loss - total

$

(33,044)

$

(18,377)

Basic and diluted denominator:

Weighted-average common shares outstanding

 

25,907

 

10,499

Weighted average pre-funded warrants assumed exercised

78,153

Total weighted-average common shares outstanding

104,060

10,499

 

 

Per share amount - total

$

(0.32)

$

(1.75)

Schedule of shares issuable which could potentially dilute future earnings

In Fiscal 2026 and Fiscal 2025, the Company incurred net losses which cannot be diluted; therefore, basic and diluted loss per common share is the same. As of June 30, 2026 and 2025, shares issuable which could potentially dilute future earnings were as follows:

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

(in thousands)

Stock options

 

2,820

 

1,186

Warrants

38,555

16,331

Shares excluded from the calculation of diluted loss per share

 

41,375

 

17,517