v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 7,498 $ 5,646
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,692 5,983
Amortization of debt discount 54 34
Provision for expected credit losses 1,052 688
Non-cash lease expense 143 14
Stock compensation 4,558 4,974
Inventory reserve 182 54
(Benefit) provision for deferred income taxes (821) 475
Other (87) 25
(Increase) decrease in operating assets:    
Accounts receivable (11,058) 7,028
Inventories 211 11,901
Vendor deposits 261 634
Contract assets 1,157 (41)
Other assets (735) 2,476
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses 10,272 (8,234)
Accrued employee expenses 2,220 646
Customer deposits (742) 1,017
Contract liabilities 408 (668)
Net cash provided by operating activities 21,265 32,652
Investing activities:    
Capital expenditures (4,861) (4,867)
Cash paid for acquisitions, net of cash acquired (46,925) (1,949)
Net cash used by investing activities (51,786) (6,816)
Financing activities:    
Dividends paid (4,593) (4,071)
Proceeds from borrowings 106,000 62,500
Debt repayments (66,000) (84,500)
Repurchases of common stock in satisfaction of employee tax withholding obligations (716) (1,244)
Issuances of common stock under employee stock purchase plan 124 116
Net cash provided (used) by financing activities 34,815 (27,199)
Net increase (decrease) in cash 4,294 (1,363)
Cash at beginning of year 4,558 5,921
Cash at end of year 8,852 4,558
Supplemental information:    
Cash paid for interest 2,500 2,783
Cash paid for income taxes 2,976 4,575
Supplemental disclosure of non-cash financing activities    
Common stock issued for acquisitions 229
Supplemental disclosure of non-cash investing activities    
Amounts owed to sellers in connection with acquisitions $ 4,181

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