Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2023

Summary of Reserved Shares of Common Stock for Issuance

We have reserved shares of common stock for issuance as of June 30, 2023 as follows:

	Reserved
	Stock
	Options
Stock options outstanding	4,885,999
Stock available for future grants or issuance:
2005 Stock Incentive Plan	1,057,983
2005 Management Stock Option Plan	71,983
2017 Employee Stock Purchase Plan	938,403
Total reserved shares of common stock for issuance	6,954,368

Summary of Stock Options Outstanding and Exercisable under All Stock Option Plans

The following table summarizes information about stock options outstanding and exercisable under all stock option plans as of June 30, 2023:

	Options Outstanding				Options Exercisable
		Weighted
Range of		Average	Weighted			Weighted
Exercise	Number of	Remaining	Average		Number of	Average
Prices	Shares	Contractual Life	Exercise Price		Shares	Exercise Price
$1.8-$2.13	13,005	3.65	$	1.81	13,005	$	1.81
$2.50	902,375	3.37	$	2.50	902,375	$	2.50
$3.4-$7.77	496,803	3.91	$	5.76	421,833	$	5.50
$7.8-$9.86	492,483	7.10	$	8.82	315,140	$	8.65
$9.87-$11.26	238,843	7.29	$	10.59	108,497	$	10.62
$11.36	2,476,541	8.02	$	11.36	1,104,884	$	11.36
$11.47-$13.75	247,399	6.18	$	12.47	172,587	$	12.70
$14.28	5,000	7.21	$	14.28	3,437	$	14.28
$14.40	3,550	5.12	$	14.40	3,550	$	14.40
$19.11	10,000	7.29	$	19.11	6,666	$	19.11
$1.8-$19.11	4,885,999	6.51	$	8.91	3,051,974	$	7.68

Summary of Options Vested and Exercisable

	Options Outstanding				Options Exercisable
		Weighted
Range of		Average	Weighted			Weighted
Exercise	Number of	Remaining	Average		Number of	Average
Prices	Shares	Contractual Life	Exercise Price		Shares	Exercise Price
$1.8-$2.13	13,005	3.65	$	1.81	13,005	$	1.81
$2.50	902,375	3.37	$	2.50	902,375	$	2.50
$3.4-$7.77	496,803	3.91	$	5.76	421,833	$	5.50
$7.8-$9.86	492,483	7.10	$	8.82	315,140	$	8.65
$9.87-$11.26	238,843	7.29	$	10.59	108,497	$	10.62
$11.36	2,476,541	8.02	$	11.36	1,104,884	$	11.36
$11.47-$13.75	247,399	6.18	$	12.47	172,587	$	12.70
$14.28	5,000	7.21	$	14.28	3,437	$	14.28
$14.40	3,550	5.12	$	14.40	3,550	$	14.40
$19.11	10,000	7.29	$	19.11	6,666	$	19.11
$1.8-$19.11	4,885,999	6.51	$	8.91	3,051,974	$	7.68

Summary of Effect of Stock Based Compensation

	Fiscal Year Ended June 30,
	2023		2022
Non-cash stock-based compensation expense	$	(6,246)	$	(11,380)
Income tax expense		(117)		(217)
Net income effect	$	(6,363)	$	(11,597)

Summary of Stock Option Assumptions

	Fiscal Year Ended June 30,
	2023			2022
Dividend yield		—		—
Expected volatility		64	%	70	%
Average risk-free interest rate		3.57	%	1.01	%
Expected life (in years)		4.71		4.68

2005 Management Stock Option Plan

Summary of Plan Activity

	Shares		Weighted
	Available for	Options	Average
	Grant	Outstanding	Exercise Price
Balance as of June 30, 2021	68,649	1,172,517	$	3.51
Options Granted	—	—	$	—
Options Exercised	—	(342,466)	$	4.08
Options Forfeited / Expired	3,334	(3,334)	$	1.75
Balance as of June 30, 2022	71,983	826,717	$	3.29
Options Granted	—	—	$	—
Options Exercised	—	—	$	—
Options Forfeited / Expired	—	—	$	—
Balance as of June 30, 2023	71,983	826,717	$	3.29

2005 Stock Incentive Plan

Summary of Plan Activity

	Shares		Weighted
	Available for	Options	Average
	Grant	Outstanding	Exercise Price
Balance as of June 30, 2021	944,527	1,562,995	$	6.44
Shares Added	3,000,000	—	$	—
Options Granted	(3,607,661)	3,607,661	$	11.18
Options Exercised	—	(210,521)	$	3.52
Options Forfeited / Expired	342,924	(342,924)	$	10.75
Balance as of June 30, 2022	679,790	4,617,211
Options Granted	(228,817)	228,817	$	8.35
Options Exercised	—	(179,736)	$	3.40
Options Forfeited / Expired	607,010	(607,010)	$	10.62
Balance as of June 30, 2023	1,057,983	4,059,282	$	10.06

Stock Options

Summary of Effect of Stock Based Compensation

	Fiscal Year Ended June 30,
	2023		2022
Cost of revenue	$	1,350	$	2,916
Research and development		1,833		2,797
Sales and marketing		901		2,248
General and administrative		1,763		2,962
Total	$	5,847	$	10,923

Employee Stock Purchase Plan (ESPP)

Summary of Employee Stock Purchase Plan (ESPP) assumptions

	Fiscal Year Ended June 30,
	2023			2022
Dividend yield		—			—
Expected volatility		60	%		57	%
Average risk-free interest rate		1.68	%		1.22	%
Expected term (in years)		0.50			0.50