Note 14 - Net Loss Per Share

12 Months Ended

Jun. 30, 2016

)

Net Loss per Share

Basic and diluted loss per share has been computed based on net loss and the weighted-average number of common shares outstanding during the applicable period. For diluted net loss per share, common stock equivalents (shares of common stock issuable upon the exercise of stock options and warrants) are excluded from the calculation of diluted net loss per share as their inclusion would be anti-dilutive. The Company has excluded all options to purchase common stock in periods indicating a loss, as their effect is anti-dilutive.

The following table sets forth the computation of historical basic and diluted net loss per share:

	Fiscal Year Ended June 30,
	201 6			201 5			201 4

Net loss (in millions)	$	(25.4	)	$	(19.1	)	$	(11.0	)
Weighted average shares outstanding		38,635,452			35,360,841			31,347,888
Shares used to compute diluted earnings per share		38,635,452			35,360,841			31,347,888
Basic loss per share	$	(0.66	)	$	(0.54	)	$	(0.35	)
Diluted loss per share	$	(0.66	)	$	(0.54	)	$	(0.35	)
Number of antidilutive stock options excluded from computation		4,751,423			3,604,737			2,275,441