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Revenues (Tables)
9 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues Disaggregated by Sales Channel and Geographic Region The following table sets forth the Company’s net revenues disaggregated by sales channel and geographic region based on the billing addresses of its customers (in thousands):

 

 

Three Months Ended

 

 

 

March 31,
2024

 

 

March 31,
2023

 

 

 

Distributor

 

Direct

 

Total

 

 

Distributor

 

Direct

 

Total

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

52,543

 

$

71,539

 

$

124,082

 

 

$

74,743

 

$

64,337

 

$

139,080

 

Other

 

 

5,934

 

 

4,357

 

 

10,291

 

 

 

14,079

 

 

4,523

 

 

18,602

 

Total Americas

 

 

58,477

 

 

75,896

 

 

134,373

 

 

 

88,822

 

 

68,860

 

 

157,682

 

EMEA

 

 

18,313

 

 

40,722

 

 

59,035

 

 

 

111,664

 

 

40,326

 

 

151,990

 

APAC*

 

 

(1,464

)

 

19,092

 

 

17,628

 

 

 

5,186

 

 

17,649

 

 

22,835

 

Total net revenues

 

$

75,326

 

$

135,710

 

$

211,036

 

 

$

205,672

 

$

126,835

 

$

332,507

 

 

 

 

Nine Months Ended

 

 

 

March 31,
2024

 

 

March 31,
2023

 

 

 

Distributor

 

Direct

 

Total

 

 

Distributor

 

Direct

 

Total

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

251,694

 

$

204,689

 

$

456,383

 

 

$

245,852

 

$

203,991

 

$

449,843

 

Other

 

 

16,709

 

 

19,565

 

 

36,274

 

 

 

14,080

 

 

4,523

 

 

18,603

 

Total Americas

 

 

268,403

 

 

224,254

 

 

492,657

 

 

 

259,932

 

 

208,514

 

 

468,446

 

EMEA

 

 

184,706

 

 

128,537

 

 

313,243

 

 

 

285,066

 

 

120,482

 

 

405,548

 

APAC

 

 

7,510

 

 

47,140

 

 

54,650

 

 

 

14,627

 

 

59,923

 

 

74,550

 

Total net revenues

 

$

460,619

 

$

399,931

 

$

860,550

 

 

$

559,625

 

$

388,919

 

$

948,544

 

 

*The distributor revenue in the APAC region for the three months ended March 31, 2024 reflects a higher level of customer rebates for the distributors, resulting from higher sell-through to end users than the Company's product sales into these distributors.

Schedule of Customers Accounting for 10% or More of Net Revenues and Accounts Receivable Balance

The following table sets forth customers accounting for 10% or more of the Company’s net revenues for the periods indicated below:

 

 

Three Months Ended

 

Nine Months Ended

 

 

March 31,
2024

 

March 31,
2023

 

March 31,
2024

 

March 31,
2023

TD Synnex Corporation

 

22%

 

19%

 

21%

 

19%

Westcon Group, Inc.

 

13%

 

25%

 

17%

 

20%

Jenne, Inc.

 

12%

 

15%

 

22%

 

14%

ScanSource, Inc.

 

11%

 

*

 

*

 

*

* Less than 10% of revenue

 

 

 

 

 

 

 

 

The following table sets forth major customers accounting for 10% or more of the Company’s net accounts receivable balance:

 

 

 

 

 

March 31,
2024

 

June 30,
2023

Jenne, Inc.

 

38%

 

39%

TD Synnex Corporation

 

*

 

10%

ScanSource, Inc.

 

*

 

10%

 * Less than 10% of accounts receivable