Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]        
Revenue $ 7,356 $ 4,607 $ 18,788 $ 10,146
Cost of revenue 8,472 5,370 20,200 12,821
Gross profit (loss) (1,116) (763) (1,412) (2,675)
Operating expenses        
Research and development 7,349 8,314 25,079 25,481
General and administrative expenses 8,817 5,721 21,650 14,742
Total operating expenses 16,166 14,035 46,729 40,223
Loss from operations (17,282) (14,798) (48,141) (42,898)
Other (expense) income        
Interest (expense) income (510) 25 (1,955) 88
Other (expense) income (2) (10)
Change in fair value of contingent consideration 268 (180) 1,438 (180)
Change in fair value of derivative liabilities (383) 456
Total other (expense) income (627) (155) (71) (92)
Net loss before income taxes (17,909) (14,953) (48,212) (42,990)
Income Tax (expense) benefit 2,364 128 2,420 70
Net Loss (15,545) (14,825) (45,792) (42,920)
Net loss (income) attributable to noncontrolling interest 139 121
Net loss attributable to common stockholders $ (15,545) $ (14,686) $ (45,792) $ (42,799)
Net loss per common share - basic and diluted (in Dollars per share) $ (0.23) $ (0.27) $ (0.75) $ (0.81)
Weighted average common shares outstanding - basic and diluted (in Shares) 68,195,181 55,217,220 60,925,124 53,177,679