Net Loss Per Common Share (Tables)

9 Months Ended

Mar. 31, 2023

Schedule of Earnings (Loss) Per Common Share, Basic and Diluted

The following table presents the computation of basic and diluted net earnings loss per common share:


	Three Months Ended March 31,				Nine Months Ended March 31,
(In thousands, except share and per share amounts)	2023		2022		2023		2022
Undistributed net loss available to common stockholders	$	(11,423)	$	(3,993)	$	(32,404)	$	(11,854)
Undistributed net loss available to nonvested restricted stockholders and holders of convertible preferred stock	—		(196)		—		(474)
Net loss available to common stockholders - basic	$	(11,423)	$	(4,189)	$	(32,404)	$	(12,328)

Weighted average common shares outstanding - basic	19,923,577		18,289,815		19,467,022		18,118,469
Effect of dilutive securities:
Shares issuable under stock options	—		—		—		—


Weighted average common shares outstanding - diluted	19,923,577		18,289,815		19,467,022		18,118,469
Net loss available to common stockholders per common share—basic	$	(0.57)	$	(0.23)	$	(1.66)	$	(0.68)
Net loss available to common stockholders per common share—diluted	$	(0.57)	$	(0.23)	$	(1.66)	$	(0.68)

The following table summarizes weighted average anti-dilutive securities excluded from the computation of diluted net loss per common share for the periods indicated:


	Three Months Ended March 31,		Nine Months Ended March 31,
	2023	2022	2023	2022
Shares issuable under stock options	393,587	467,124	393,587	471,380
Shares issuable under convertible preferred stock	—	448,741	—	448,741
Shares issuable under PBRSUs	549,291	495,073	472,392	454,110