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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 12,868 $ 2,266 $ 214
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,989 1,606 1,663
Bad debt expense 157 111 81
Non-cash lease expense 0 0 46
Inventory write-offs 131 29 55
Loss on disposal of property, plant and equipment 1 16 21
Stock-based compensation expense 974 518 400
(Income) loss associated with derivative instrument (47) 113 0
Deferred tax expense (benefit) 1,095 (1,495) 251
Vendor receivable write-off 0 657 0
Gain on forgiveness of PPP loan (2,183) 0 0
Changes in operating assets and liabilities:      
Accounts receivable 1,894 (2,971) (3,000)
Inventory (532) (1,887) (492)
Prepaid and other assets (128) (373) (531)
Accounts payable and accrued liabilities 1,080 1,036 1,498
Contract asset and contract liability 4,658 1,066 719
NET CASH PROVIDED BY OPERATING ACTIVITIES 21,957 692 925
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property, plant and equipment (2,803) (3,969) (749)
Proceeds from sale of property, plant and equipment 3 3 0
Additions to intangible assets (82) (188) (282)
NET CASH USED IN INVESTING ACTIVITIES (2,882) (4,154) (1,031)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of stock options 3,164 668 0
Proceeds of long-term debt 973 4,265 0
Repayments of long-term debt (762) (517) (537)
Payments on financing lease liabilities (99) 0 0
Payments of debt issuance costs 0 (50) 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 3,276 4,366 (537)
NET INCREASE (DECREASE) IN CASH 22,351 904 (643)
CASH, beginning of year 5,416 4,512 5,155
CASH, end of year 27,767 5,416 4,512
SUPPLEMENTAL CASH FLOW DISCLOSURES:      
Income taxes paid, net of refunds 128 99 37
Interest paid on long-term debt 193 127 89
NON-CASH INVESTING ACTIVITIES:      
Transfer of equipment to inventory 0 28 393
Property, plant and equipment financed through accounts payable (272) 331 12
Purchase of previously leased property, plant and equipment financed with note payable $ 873 $ 0 $ 0