v3.26.1
Note 12 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
  

Years Ended June 30,

 
  

2026

  

2025

 

Domestic

 $(59,481) $(12,908)

Foreign

  12,233   14,042 

Total income (loss) before provision for income taxes

 $(47,248) $1,134 
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

Years Ended June 30,

 
  

2026

  

2025

 

Current:

        

Federal

 $—  $— 

State

  15   4 

Foreign

  1,297   2,565 

Total current

  1,312   2,569 

Deferred:

        

Federal

  —   — 

State

  —   — 

Foreign

  634   156 

Total deferred

  634   156 

Total provision for income taxes

 $1,946  $2,725 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

Year Ended June 30, 2026

 
  

Amount

  

Percentage

 

U.S. federal statutory tax expense (benefit):

 $(9,922)  21.00%

State and local income tax, net of federal income tax effect

  15   (0.03%)

Foreign tax effects

  (596)  1.26%

Effect of cross-border tax laws

        

Global intangible low-taxed income

  3,632   (7.69%)

Tax credits

        

Research and development credit

  364   (0.77%)

Changes in valuation allowance

  9,097   (19.25%)

Nontaxable or nondeductible items

        

Share-based compensation

  1,059   (2.24%)

Warrant valuation

  (1,757)  3.72%

Equity in earnings of unconsolidated affiliate

  (236)  0.50%

Other permanent items

  97   (0.21%)

Changes in unrecognized tax benefits

  200   (0.42%)

Other

  (7)  0.01%

Total provision and effective tax rate

 $1,946   (4.12%)
  

Year Ended June 30,

 
  

2025

 

U.S. federal taxes (benefit):

    

At federal statutory rate

 $238 

State tax, net of federal benefit

  4 

Share-based compensation expense

  1,028 

Research and development credits

  (14)

Foreign taxes

  203 

Deferred tax on foreign earnings

  558 

Global intangible low-taxed income

  1,471 

Equity in earnings of unconsolidated affiliate

  (990)

Change in valuation of warrants

  105 

Change in valuation allowance

  (113)

Other non-deductible permanent items

  235 

Total provision for income taxes

 $2,725 
Schedule of Income Taxes Paid [Table Text Block]
  

Year Ended June 30,

 
  

2026

 

Federal taxes

 $- 

State and local taxes

  21 

Foreign taxes:

    

Switzerland

  1,118 

Japan

  538 

India

  183 

Italy

  122 

Other foreign jurisdictions

  341 

Income taxes paid

 $2,323 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

June 30,

 
  

2026

  

2025

 

Deferred tax assets:

        

Federal and state net operating losses

 $65,329  $61,745 

Accrued expenses and reserves

  3,854   3,128 

Lease liability

  6,034   6,475 

Deferred revenue

  4,273   3,681 

Research and development credits

  26,411   26,678 

Share-based compensation expense

  861   1,416 

Capitalized research and development

  23,459   23,795 

Unicap

  611   527 

Fixed assets and intangibles

  201   250 

Section 163(j) interest

  8,012   3,244 

Other

  8   374 

Total deferred tax assets

  139,053   131,313 

Deferred tax liabilities:

        

Contract acquisition costs

  (415)  (857)

Right of use assets

  (4,339)  (5,124)

Deferred tax on foreign earnings

  (1,923)  (2,120)

Other

  (420)  — 

Total deferred tax liabilities

  (7,097)  (8,101)

Valuation allowance

  (134,089)  (125,287)

Net deferred tax liabilities

 $(2,133) $(2,075)
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
  

Years Ended June 30,

 
  

2026

  

2025

 

Balance at beginning of year

 $22,649  $22,044 

Tax positions related to current year:

        

Additions

  780   1,165 

Tax positions related to prior years:

        

Additions

  —   — 

Reductions

  (608)  (560)

Balance at end of year

 $22,821  $22,649