Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]    
Revenue $ 27,384 $ 27,121
Cost of revenue 28,073 30,237
Gross profit (loss) (689) (3,116)
Operating expenses    
Research and development 29,989 33,243
General and administrative expenses 35,884 29,710
Goodwill impairment 8,051
Property and equipment impairment 35,378
Total operating expenses 109,302 62,953
Loss from operations (109,991) (66,069)
Other (expense) income    
Interest (expense) income (2,658) (2,322)
Change in fair value of contingent liability 1,446
Litigation related contingent liability (57,374)
Other (expense) income (8)
Change in fair value of derivative liabilities 2,079 948
Total Other (expense) income (57,953) 64
Net loss before income taxes (167,944) (66,005)
Income tax expense (benefit) 6 (2,448)
Net loss $ (167,950) $ (63,557)
Net loss per common share - basic (in Dollars per share) $ (1.89) $ (1)
Net loss per common share - diluted (in Dollars per share) $ (1.89) $ (1)
Weighted average common shares outstanding - basic (in Shares) 89,085,992 63,621,727
Weighted average common shares outstanding - diluted (in Shares) 89,085,992 63,621,727