Telenav 10-Q 8 May 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page	9 Months Ended
	Mar. 31, 2020shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-34720
Entity Registrant Name	TELENAV, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0521800
Entity Address, Address Line One	4655 Great America Parkway, Suite 300
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95054
City Area Code	408
Local Phone Number	245-3800
Title of 12(b) Security	Common stock, $0.001 Par Value per Share
Trading Symbol	TNAV
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	47,287,665
Entity Central Index Key	0001474439
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 16,476	$ 27,275
Short-term investments	107,273	72,203
Accounts receivable, net of allowances of $6 and $7 at March 31, 2020 and June 30, 2019, respectively	41,926	69,781
Restricted cash	1,541	1,950
Deferred costs	29,744	18,752
Prepaid expenses and other current assets	3,477	3,784
Assets of discontinued operations	0	6,330
Total current assets	200,437	200,075
Property and equipment, net	5,411	5,583
Operating lease right-of-use assets	7,909	0
Deferred income taxes, non-current	1,081	998
Goodwill and intangible assets, net	14,255	15,701
Deferred costs, non-current	52,954	61,050
Other assets	33,504	1,414
Assets of discontinued operations, non-current	0	12,194
Total assets	315,551	297,015
Current liabilities:
Trade accounts payable	24,082	16,061
Accrued expenses	36,208	48,899
Operating lease liabilities	3,161	0
Deferred revenue	43,841	31,270
Income taxes payable	537	800
Liabilities of discontinued operations	0	3,373
Total current liabilities	107,829	100,403
Deferred rent, non-current		1,266
Operating lease liabilities, non-current	5,785	0
Deferred revenue, non-current	99,361	103,865
Other long-term liabilities	667	811
Liabilities of discontinued operations, non-current	0	30
Commitments and contingencies	0	0
Stockholders’ equity:
Preferred stock, $0.001 par value: 50,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.001 par value: 600,000 shares authorized; 47,288 and 46,911 shares issued and outstanding at March 31, 2020 and June 30, 2019, respectively	47	47
Additional paid-in capital	189,387	182,349
Accumulated other comprehensive loss	(2,004)	(1,477)
Accumulated deficit	(85,521)	(90,279)
Total stockholders’ equity	101,909	90,640
Total liabilities and stockholders’ equity	$ 315,551	$ 297,015

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 6	$ 7
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	600,000,000	600,000,000
Common stock, shares issued (in shares)	47,288,000	46,911,000
Common stock, shares outstanding (in shares)	47,288,000	46,911,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Revenue:
Total revenue	$ 64,496	$ 48,540	$ 205,000	$ 144,952
Cost of revenue:
Total cost of revenue	35,523	27,449	106,096	83,897
Gross profit	28,973	21,091	98,904	61,055
Operating expenses:
Research and development	21,617	19,322	61,997	55,580
Sales and marketing	2,166	2,167	6,246	5,535
General and administrative	6,403	5,523	20,118	16,694
Legal settlements and contingencies	0	0	0	650
Total operating expenses	30,186	27,012	88,361	78,459
Income (loss) from operations	(1,213)	(5,921)	10,543	(17,404)
Other income, net	1,088	581	2,245	2,703
Income (loss) from continuing operations before provision for income taxes	(125)	(5,340)	12,788	(14,701)
Provision for income taxes	505	194	1,121	1,036
Equity in net (income) loss of equity method investees	103	0	(694)	0
Income (loss) from continuing operations	(733)	(5,534)	12,361	(15,737)
Discontinued operations:
Income (loss) from operations of Advertising business, net of tax	0	(1,947)	832	(3,895)
Loss from sale of Advertising business	0	0	(4,874)	0
Loss on discontinued operations	0	(1,947)	(4,042)	(3,895)
Net income (loss)	$ (733)	$ (7,481)	$ 8,319	$ (19,632)
Basic income (loss) per share:
Income (loss) from continuing operations (in dollars per share)	$ (0.02)	$ (0.12)	$ 0.26	$ (0.35)
Loss on discontinued operations (in dollars per share)	0	(0.04)	(0.08)	(0.09)
Net income (loss) (in dollars per share)	(0.02)	(0.16)	0.17	(0.43)
Diluted income (loss) per share:
Income (loss) from continuing operations (in dollars per share)	(0.02)	(0.12)	0.25	(0.35)
Loss on discontinued operations (in dollars per share)	0	(0.04)	(0.08)	(0.09)
Net income (loss) (in dollars per share)	$ (0.02)	$ (0.16)	$ 0.17	$ (0.43)
Weighted average shares used in computing income (loss) per share:
Basic (in shares)	47,902	45,585	48,053	45,347
Diluted (in shares)	47,902	45,585	49,022	45,347
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	$ 1,959	$ 1,688	$ 5,189	$ 5,611
Cost of revenue
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	12	19	41	59
Research and development
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	1,156	1,107	2,874	3,522
Sales and marketing
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	250	172	575	505
General and administrative
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	541	390	1,699	1,525
Product
Revenue:
Total revenue	52,106	41,723	169,639	124,050
Cost of revenue:
Total cost of revenue	27,664	23,532	86,087	72,135
Services
Revenue:
Total revenue	12,390	6,817	35,361	20,902
Cost of revenue:
Total cost of revenue	$ 7,859	$ 3,917	$ 20,009	$ 11,762

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (733)	$ (7,481)	$ 8,319	$ (19,632)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of tax	(164)	(54)	(267)	(402)
Available-for-sale securities:
Unrealized gain (loss) on available-for-sale securities, net of tax	(290)	328	(246)	514
Reclassification adjustments for gain (loss) on available-for-sale securities recognized, net of tax	(12)	13	(14)	20
Net increase (decrease) from available-for-sale securities, net of tax	(302)	341	(260)	534
Other comprehensive income (loss), net of tax	(466)	287	(527)	132
Comprehensive income (loss)	$ (1,199)	$ (7,194)	$ 7,792	$ (19,500)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Continuing Operations	Continuing OperationsAdditional Paid-in Capital	Discontinued Operations	Discontinued OperationsAdditional Paid-in Capital
Beginning balance (in shares) at Jun. 30, 2018		44,871,000
Beginning balance at Jun. 30, 2018	$ 108,883	$ 45	$ 167,895	$ (1,855)	$ (57,202)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		5,000
Issuance of common stock upon exercise of stock options	25	$ 0	25
Release of restricted stock units (in shares)		385,000
Release of restricted stock units	(1,205)	$ 0	(1,205)
Stock-based compensation expense						$ 2,048	$ 2,048	$ 221	$ 221
Foreign currency translation adjustment, net of tax	(217)			(217)
Unrealized net gain (loss) on available-for-sale securities, net of tax	91			91
Net income (loss)	(7,570)				(7,570)
Ending balance (in shares) at Sep. 30, 2018		45,261,000
Ending balance at Sep. 30, 2018	102,276	$ 45	168,984	(1,981)	(64,772)
Beginning balance (in shares) at Jun. 30, 2018		44,871,000
Beginning balance at Jun. 30, 2018	108,883	$ 45	167,895	(1,855)	(57,202)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(19,632)
Ending balance (in shares) at Mar. 31, 2019		45,643,000
Ending balance at Mar. 31, 2019	93,897	$ 46	172,997	(1,723)	(77,423)
Beginning balance (in shares) at Sep. 30, 2018		45,261,000
Beginning balance at Sep. 30, 2018	102,276	$ 45	168,984	(1,981)	(64,772)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		0
Issuance of common stock upon exercise of stock options	1	$ 0	1
Release of restricted stock units (in shares)		280,000
Release of restricted stock units	(352)	$ 1	(353)
Stock-based compensation expense						1,875	1,875	240	240
Foreign currency translation adjustment, net of tax	(131)			(131)
Unrealized net gain (loss) on available-for-sale securities, net of tax	102			102
Net income (loss)	(4,581)				(4,581)
Ending balance (in shares) at Dec. 31, 2018		45,541,000
Ending balance at Dec. 31, 2018	99,430	$ 46	170,747	(2,010)	(69,353)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		244,000
Issuance of common stock upon exercise of stock options	1,330	$ 0	1,330
Release of restricted stock units (in shares)		79,000
Release of restricted stock units	(273)	$ 0	(273)
Repurchases of common stock (in shares)		(221,000)
Repurchases of common stock	(1,303)		(714)		(589)
Stock-based compensation expense	1,907		1,907
Foreign currency translation adjustment, net of tax	(54)			(54)
Unrealized net gain (loss) on available-for-sale securities, net of tax	341			341
Net income (loss)	(7,481)				(7,481)
Ending balance (in shares) at Mar. 31, 2019		45,643,000
Ending balance at Mar. 31, 2019	93,897	$ 46	172,997	(1,723)	(77,423)
Beginning balance (in shares) at Jun. 30, 2019		46,911,000
Beginning balance at Jun. 30, 2019	90,640	$ 47	182,349	(1,477)	(90,279)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		1,326,000
Issuance of common stock upon exercise of stock options	8,341	$ 1	8,340
Release of restricted stock units (in shares)		329,000
Release of restricted stock units	(1,272)	$ 1	(1,273)
Stock-based compensation expense						$ 1,752	$ 1,752	$ 887	$ 887
Foreign currency translation adjustment, net of tax	(310)			(310)
Unrealized net gain (loss) on available-for-sale securities, net of tax	58			58
Net income (loss)	(3,954)				(3,954)
Ending balance (in shares) at Sep. 30, 2019		48,566,000
Ending balance at Sep. 30, 2019	96,142	$ 49	192,055	(1,729)	(94,233)
Beginning balance (in shares) at Jun. 30, 2019		46,911,000
Beginning balance at Jun. 30, 2019	$ 90,640	$ 47	182,349	(1,477)	(90,279)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	1,343,000
Repurchases of common stock (in shares)	(1,692,207)
Repurchases of common stock			(5,800)		(3,600)
Net income (loss)	$ 8,319
Ending balance (in shares) at Mar. 31, 2020		47,288,000
Ending balance at Mar. 31, 2020	101,909	$ 47	189,387	(2,004)	(85,521)
Beginning balance (in shares) at Sep. 30, 2019		48,566,000
Beginning balance at Sep. 30, 2019	96,142	$ 49	192,055	(1,729)	(94,233)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		0
Issuance of common stock upon exercise of stock options	0	$ 0	0
Release of restricted stock units (in shares)		352,000
Release of restricted stock units	(317)	$ 0	(317)
Repurchases of common stock (in shares)		(767,000)
Repurchases of common stock	(4,019)	$ (1)	(2,623)		(1,395)
Stock-based compensation expense	1,478		1,478
Foreign currency translation adjustment, net of tax	207			207
Unrealized net gain (loss) on available-for-sale securities, net of tax	(16)			(16)
Net income (loss)	13,006				13,006
Ending balance (in shares) at Dec. 31, 2019		48,151,000
Ending balance at Dec. 31, 2019	106,481	$ 48	190,593	(1,538)	(82,622)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		17,000
Issuance of common stock upon exercise of stock options	84	$ 0	84
Release of restricted stock units (in shares)		45,000
Release of restricted stock units	$ (82)	$ 0	(82)
Repurchases of common stock (in shares)	(925,624)	(925,000)
Repurchases of common stock	$ (5,334)	$ (1)	(3,167)		(2,166)
Stock-based compensation expense	1,959		1,959
Foreign currency translation adjustment, net of tax	(164)			(164)
Unrealized net gain (loss) on available-for-sale securities, net of tax	(302)			(302)
Net income (loss)	(733)				(733)
Ending balance (in shares) at Mar. 31, 2020		47,288,000
Ending balance at Mar. 31, 2020	$ 101,909	$ 47	$ 189,387	$ (2,004)	$ (85,521)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net income (loss)	$ 8,319,000	$ (19,632,000)
Loss on discontinued operations	4,042,000	3,895,000
Income (loss) from continuing operations	12,361,000	(15,737,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation expense	5,189,000	5,611,000
Depreciation and amortization	2,685,000	2,982,000
Operating lease amortization, net of accretion	2,153,000	0
Accretion of net premium on short-term investments	157,000	(15,000)
Unrealized gain on non-marketable equity investments	0	(1,260,000)
Equity in net income of equity method investees	(694,000)	0
Gain on sale of intellectual property and workforce to Grab	(45,000)	0
Noncash Revenue	(5,831,000)	0
Other	(38,000)	(22,000)
Changes in operating assets and liabilities:
Accounts receivable	28,334,000	(11,581,000)
Deferred income taxes	(110,000)	209,000
Deferred costs	(2,924,000)	(13,934,000)
Prepaid expenses and other current assets	1,463,000	(162,000)
Other assets	(21,000)	(123,000)
Trade accounts payable	7,913,000	12,020,000
Accrued expenses and other liabilities	(13,910,000)	(1,728,000)
Income taxes payable	(252,000)	160,000
Deferred rent	0	488,000
Operating lease liabilities	(2,791,000)	0
Deferred revenue	8,042,000	29,281,000
Net cash provided by operating activities	41,681,000	6,189,000
Investing activities
Purchases of property and equipment	(1,320,000)	(956,000)
Purchases of short-term investments	(67,347,000)	(31,044,000)
Purchase of long-term investments	(9,500,000)	0
Proceeds from sales and maturities of short-term investments	31,789,000	34,214,000
Net cash provided by (used in) investing activities	(46,378,000)	2,214,000
Financing activities
Proceeds from exercise of stock options	8,390,000	1,356,000
Tax withholdings related to net share settlements of restricted stock units	(1,230,000)	(1,831,000)
Repurchase of common stock	(9,353,000)	(1,303,000)
Net cash used in financing activities	(2,193,000)	(1,778,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(343,000)	(401,000)
Net increase (decrease) in cash, cash equivalents and restricted cash, continuing operations	(7,233,000)	6,224,000
Net cash used in discontinued operations	(3,975,000)	(3,154,000)
Cash, cash equivalents and restricted cash, beginning of period	29,225,000	20,099,000
Cash, cash equivalents and restricted cash, end of period	18,017,000	23,169,000
Supplemental disclosure of cash flow information
Income taxes paid, net	1,626,000	730,000
Non-cash investing: Investment in inMarket Media, LLC acquired in exchange for sale of Advertising business	15,600,000	0
Noncash Sale of Assets	7,012,000	0
Cash flows from discontinued operations:
Net cash used in operating activities	(3,569,000)	(3,154,000)
Net cash used in financing activities	(406,000)	0
Net cash transferred from continuing operations	3,975,000	3,154,000
Net change in cash and cash equivalents from discontinued operations	0	0
Cash and cash equivalents of discontinued operations, beginning of period	0	0
Cash and cash equivalents of discontinued operations, end of period	0	0
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets
Total cash and cash equivalents	$ 18,017,000	$ 23,169,000

Summary of business and signifi

Summary of business and significant accounting policies	9 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of business and significant accounting policies	Summary of business and significant accounting policies Description of business Telenav, Inc., also referred to in this report as “we,” “our” or “us,” was incorporated in September 1999 in the State of Delaware. We are a leading provider of connected car and location-based products and services. We utilize our automotive navigation platform to deliver these products and services. Our automotive navigation platform allows us to deliver enhanced location-based services to automobile manufacturers, as well as original equipment manufacturers and tier one suppliers, to which we refer collectively as tier ones. Our automotive solutions primarily include navigation systems built into vehicles, or on-board, mobile phone based navigation systems, or brought-in, and advanced navigation solutions that offer on-board functionality combined with cloud functionality, or hybrid. Our fiscal year ends on June 30, and in this report we refer to the fiscal year ended June 30, 2019 as “fiscal 2019 ” and the fiscal year ending June 30, 2020 as “fiscal 2020.” Commencing July 1, 2019, we operate in a single segment, automotive. Through June 30, 2019 , we operated in three segments - automotive, advertising and mobile navigation. In August 2019, we completed the disposition of our digital advertising operations (the "Ads Business") and have presented the results of operations for the Ads Business as discontinued operations for all prior periods presented. See Note 12. Our mobile navigation services business represented less than 5% of total revenue for the three and nine months ended March 31, 2020 and we expect the business to continue to decline. Our chief executive officer, or CEO, the chief operating decision maker, does not review mobile navigation revenue and cost of revenue separately. As a result, we have combined the mobile navigation business with the automotive business in a single segment. Basis of presentation The unaudited condensed consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP. The condensed consolidated financial statements include the accounts of Telenav, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements include all adjustments (consisting only of normal recurring adjustments) that our management believes are necessary for a fair presentation of the periods presented. These interim financial results are not necessarily indicative of results expected for the full fiscal year or for any subsequent interim period. Our condensed consolidated financial statements also include the financial results of Shanghai Jitu Software Development Ltd., or Jitu, located in China. Based on our contractual arrangements with the shareholders of Jitu, we have determined that Jitu is a variable interest entity, or VIE, for which we are the primary beneficiary and are required to consolidate in accordance with Accounting Standards Codification, or ASC, subtopic 810-10, or ASC 810-10, Consolidation: Overall . The results of Jitu did not have a material impact on our financial statements for the nine months ended March 31, 2020 and 2019 . The condensed consolidated financial statements and related financial information should be read in conjunction with the audited consolidated financial statements and the related notes thereto for fiscal 2020 , included in our Annual Report on Form 10-K for fiscal 2019 filed with the U.S. Securities and Exchange Commission, or SEC, on August 22, 2019, which we refer to as the Form 10-K. Effective July 1, 2019, we adopted the requirements of Accounting Standards Update, or ASU, No. 2016-02, Leases (ASC 842) as discussed in the section titled “ Recently adopted accounting pronouncements ” of this Note 1. All amounts and disclosures set forth in this Form 10-Q have been updated to comply with this standard. Certain prior period balances have been reclassified to conform to the current period presentation of discontinued operations. Significant accounting policies With the exception of changes in accounting policies associated with our adoption of the new lease accounting standard, there have been no material changes to our significant accounting policies as compared to the significant accounting policies described in our Form 10-K. Use of estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions made by us include the determination of revenue recognition and deferred revenue, including estimating and allocating the transaction price of customer contracts, the recoverability of accounts receivable and short-term investments, the determination of acquired intangibles and assessment of goodwill for impairment, the fair value of stock-based awards issued, the determination of income taxes and the recoverability of deferred tax assets. Actual results could differ from those estimates. In March 2020, the World Health Organization declared the outbreak of the novel coronavirus first identified in China in late 2019 (COVID-19) as a pandemic, which continues to spread throughout the U.S. and the world. The extent of the impact of the COVID-19 pandemic on our operational and financial performance will depend on future developments, including the duration and spread of the outbreak, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume, all of which are uncertain and we cannot predict. During the three months ended March 31, 2020, this uncertainty resulted in a higher level of judgment related to our estimates and assumptions concerning short-term investments, long-lived assets, non-marketable equity and debt investments, goodwill, and variable consideration related to revenue recognition. We expect uncertainties around our key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the COVID-19 pandemic. Our estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in our consolidated financial statements. Disaggregation of revenue In order to further depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors, the following table depicts the disaggregation of revenue according to revenue type and pattern of recognition (in thousands): Three Months Ended March 31, Nine Months Ended 2020 2019 2020 2019 Product On-board automotive navigation solutions (point in time) (1) $ 52,106 $ 41,723 $ 169,639 $ 124,050 Total product revenue 52,106 41,723 169,639 124,050 Services Brought-in automotive navigation solutions (over time) (2) 9,632 4,250 24,641 12,272 Automotive maintenance and support and other (over time) 153 42 3,028 697 Mobile navigation services (over time) 2,605 2,525 7,692 7,933 Total services revenue 12,390 6,817 35,361 20,902 Total revenue $ 64,496 $ 48,540 $ 205,000 $ 144,952 (1) Includes i) royalties earned and recognized at the point in time usage occurs, ii) map updates and iii) customized software development fees. (2) Includes royalties earned and recognized over time from the allocation of transaction price to service obligations for hybrid automotive solutions. Contract assets Contract assets relate to our rights to consideration for performance obligations satisfied but not billed at the reporting date. As of March 31, 2020 and June 30, 2019, we had no contract assets. Deferred costs Changes in the balance of total deferred costs (current and non-current) during the nine months ended March 31, 2020 were as follows (in thousands): Deferred Costs Content Development Total Balance, June 30, 2019 $ 71,466 $ 8,336 $ 79,802 Content licensing costs incurred 97,826 — 97,826 Customized software development costs incurred — 2,950 2,950 Less: cost of revenue recognized (92,903 ) (4,977 ) (97,880 ) Balance, March 31, 2020 $ 76,389 $ 6,309 $ 82,698 Concentrations of risk and significant customers Revenue related to products and services provided through Ford Motor Company and affiliated entities, or Ford, comprised 48% and 59% of total revenue for the three months ended March 31, 2020 and 2019 , respectively, and 46% and 64% for the nine months ended March 31, 2020 and 2019 , respectively. As of March 31, 2020 and June 30, 2019 , receivables due from Ford were 43% and 33% of total accounts receivable, respectively. Revenue related to products and services provided through General Motors Holdings and its affiliates, or GM, comprised 39% and 21% of total revenue for the three months ended March 31, 2020 and 2019 , respectively, and 31% and 19% for the nine months ended March 31, 2020 and 2019 , respectively. As of March 31, 2020 and June 30, 2019 , receivables due from GM were 37% and 15% of total accounts receivable, respectively. Revenue related to products and services provided to affiliates of Grab Holdings, Inc., which, collectively with certain of its affiliates, we refer to as Grab, comprised less than 10% and 10% of total revenue for the three and nine months ended March 31, 2020 , respectively. Receivables due from Xevo, Inc., a tier one supplier for certain Toyota Motor Corporation, or Toyota, solutions were less than 10% and 29% of total accounts receivable as of March 31, 2020 and June 30, 2019 , respectively. Restricted cash As of March 31, 2020 and June 30, 2019 , we had restricted cash of $1.5 million and $2.0 million , respectively, on our consolidated balance sheets, comprised primarily of prepayments from a customer. Accumulated other comprehensive loss, net of tax The components of accumulated other comprehensive loss, net of related taxes, and activity as of March 31, 2020 , were as follows (in thousands): Foreign Currency Unrealized Total Balance, net of tax as of June 30, 2019 $ (1,623 ) $ 146 $ (1,477 ) Other comprehensive income (loss) before reclassifications, net of tax (267 ) (246 ) (513 ) Amount reclassified from accumulated other comprehensive loss, net of tax — (14 ) (14 ) Other comprehensive income (loss), net of tax (267 ) (260 ) (527 ) Balance, net of tax as of March 31, 2020 $ (1,890 ) $ (114 ) $ (2,004 ) The amount of income tax benefit allocated to each component of accumulated other comprehensive loss was not material for the nine months ended March 31, 2020 . Recently adopted accounting pronouncements In August 2018, the Financial Accounting Standards Board, or FASB, issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract , or ASU 2018-15, which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to defer and recognize as an asset. We early adopted ASU 2018-15 on July 1, 2019 on a prospective basis, and it did not have a material impact on our financial position or results of operations. In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842) which supersedes the guidance in topic ASC 840, Leases. The new standard, including subsequent amendments, requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to previous guidance for operating leases under ASC 840, Leases. We adopted ASC 842, effective July 1, 2019. We adopted the standard using the modified retrospective transition approach applying the new standard to all leases existing at the date of initial application and not restating comparative periods. The most significant impact was the recognition of right-of-use, or ROU, assets and lease liabilities for operating leases that were not previously recorded. For information regarding the impact of ASC 842 adoption, see Leases and Note 6. Leases On July 1, 2019, we adopted ASC 842 using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning after July 1, 2019 are presented under ASC 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting. We elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our historical lease classification, our assessment on whether a contract was or contains a lease, and our initial direct costs for any leases that existed prior to July 1, 2019. We also elected to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. Upon adoption, we recognized total ROU assets of $11.7 million , with corresponding liabilities of $13.0 million on the condensed consolidated balance sheets. The adoption did not impact our beginning retained earnings, or our prior year condensed consolidated statements of operations and statements of cash flows. We recognize operating lease ROU assets and operating lease liabilities at the commencement date based on the present value of the future minimum lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments we made and excludes lease incentives and initial direct costs we incurred. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. We include operating leases in operating lease right-of-use assets, operating lease liabilities and operating lease liabilities, non-current on our condensed consolidated balance sheets. Recent accounting pronouncements not yet adopted In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes, which simplifies accounting for income taxes by revising or clarifying existing guidance in ASC 740, as well as removing certain exceptions within ASC 740. This guidance is effective for us on July 1, 2021 with early adoption permitted. We are evaluating the impact of the adoption of this standard on our consolidated financial statements, but we do not expect it to have a material impact. With the exception of the recently adopted accounting pronouncements and recent accounting pronouncements not yet adopted discussed above, there have been no other changes in accounting pronouncements during the nine months ended March 31, 2020 , as compared to the recent accounting pronouncements described in our Annual Report on Form 10-K for fiscal 2019, that are of significance or potential significance to us.

Net income (loss) per share

Net income (loss) per share	9 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income (loss) per share	Net income (loss) per share Basic income (loss) per share is calculated by dividing income (loss) by the weighted-average number of common shares outstanding for the period. Diluted income (loss) per share is computed by dividing income (loss) by the weighted-average number of common shares outstanding for the period, including potential dilutive common shares assuming the dilutive effect of outstanding stock options and restricted stock units using the treasury-stock method. The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended March 31, Nine Months Ended 2020 2019 2020 2019 Income (loss) from continuing operations $ (733 ) $ (5,534 ) $ 12,361 $ (15,737 ) Loss on discontinued operations — (1,947 ) (4,042 ) (3,895 ) Net income (loss) $ (733 ) $ (7,481 ) $ 8,319 $ (19,632 ) Shares used to compute basic income (loss) per share 47,902 45,585 48,053 45,347 Dilutive potential common shares: Stock options — — 50 — Restricted stock units — — 909 — Employee stock purchase plan — — 10 — Shares used to compute diluted income (loss) per share 47,902 45,585 49,022 45,347 Basic income (loss) per share: Income (loss) from continuing operations $ (0.02 ) $ (0.12 ) $ 0.26 $ (0.35 ) Loss on discontinued operations — (0.04 ) (0.08 ) (0.09 ) Net income (loss) $ (0.02 ) $ (0.16 ) $ 0.17 $ (0.43 ) Diluted income (loss) per share: Income (loss) from continuing operations $ (0.02 ) $ (0.12 ) $ 0.25 $ (0.35 ) Loss on discontinued operations — (0.04 ) (0.08 ) (0.09 ) Net income (loss) $ (0.02 ) $ (0.16 ) $ 0.17 $ (0.43 ) Potential common stock equivalents not included in the calculation of diluted income per share as the effect would be anti-dilutive — — 1,748 — A total of 1,300,000 outstanding performance-based restricted stock units, as described further in Note 9, were excluded from the diluted shares calculation above because they are contingently issuable and none of the performance milestones had been met.

Cash, cash equivalents and shor

Cash, cash equivalents and short-term investments	9 Months Ended
	Mar. 31, 2020
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Cash, cash equivalents and short-term investments	Cash, cash equivalents and short-term investments Cash and cash equivalents consist of unrestricted cash and highly liquid fixed-income investments with original maturities of three months or less at the time of purchase, including money market funds and commercial paper. Short-term investments consist of readily marketable debt securities with a remaining maturity of more than three months from the date of purchase. Short-term investments are classified as current assets, even though maturities may extend beyond one year, because they represent investments of cash available for operations. We classify all cash equivalents and short-term investments as “available for sale,” as these investments are free of trading restrictions. Marketable debt securities are carried at fair value, with the unrealized gains and losses, net of tax, reported as accumulated other comprehensive income (loss) and included as a separate component of stockholders’ equity. Gains and losses are recognized when realized. When we have determined that an other-than-temporary decline in fair value has occurred, the amount of the decline that is related to a credit loss is recognized in earnings. Gains and losses are determined using the specific identification method. We had no material realized gains or losses in the nine months ended March 31, 2020 or 2019 . Short-term investments as of June 30, 2019 also included marketable equity securities, which are carried at fair value with unrealized gains and losses recognized in other income (expense), net. We had no net realized gains (losses) from marketable equity securities in the nine months ended March 31, 2020 or 2019 . As of March 31, 2020 , we had no marketable equity securities. Cash, cash equivalents and short-term investments consisted of the following as of March 31, 2020 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 15,594 $ — $ — $ 15,594 Cash equivalents: Money market mutual funds 382 — — 382 Commercial paper 500 — — 500 Total cash equivalents 882 — — 882 Total cash and cash equivalents 16,476 — — 16,476 Short-term investments: U.S. treasury securities 2,615 54 — 2,669 U.S. agency securities 3,809 62 — 3,871 Asset-backed securities 20,610 106 (74 ) 20,642 Municipal securities 9,415 43 — 9,458 Commercial paper 3,193 2 — 3,195 Corporate bonds 67,601 181 (344 ) 67,438 Total short-term investments 107,243 448 (418 ) 107,273 Cash, cash equivalents and short-term investments $ 123,719 $ 448 $ (418 ) $ 123,749 Cash, cash equivalents and short-term investments consisted of the following as of June 30, 2019 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 25,987 $ — $ — $ 25,987 Cash equivalents: Money market mutual funds 790 — — 790 Commercial paper 498 — — 498 Total cash equivalents 1,288 — — 1,288 Total cash and cash equivalents 27,275 — — 27,275 Short-term investments: U.S. treasury securities 3,570 6 (4 ) 3,572 U.S. agency securities 3,002 9 (2 ) 3,009 Asset-backed securities 12,319 104 (10 ) 12,413 Municipal securities 4,124 16 — 4,140 Commercial paper 1,986 — — 1,986 Corporate bonds 45,492 269 (27 ) 45,734 Total debt securities 70,493 404 (43 ) 70,854 Marketable equity securities 250 1,099 — 1,349 Total short-term investments 70,743 1,503 (43 ) 72,203 Cash, cash equivalents and short-term investments $ 98,018 $ 1,503 $ (43 ) $ 99,478 The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities, aggregated by investment category, that have been in an unrealized loss position for less than 12 months or a continuous unrealized loss position for 12 months or greater, as of March 31, 2020 and June 30, 2019 (in thousands): March 31, 2020 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Asset-backed securities $ 7,671 $ (74 ) $ — $ — $ 7,671 $ (74 ) Corporate bonds 40,090 (344 ) — — 40,090 (344 ) Total $ 47,761 $ (418 ) $ — $ — $ 47,761 $ (418 ) June 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. treasury securities $ — $ — $ 2,992 $ (5 ) $ 2,992 $ (5 ) U.S. agency securities — — 998 (1 ) 998 (1 ) Asset-backed securities — — 3,537 (11 ) 3,537 (11 ) Commercial paper 493 (1 ) — — 493 (1 ) Corporate bonds 4,600 (3 ) 14,615 (24 ) 19,215 (27 ) Total $ 5,093 $ (4 ) $ 22,142 $ (41 ) $ 27,235 $ (45 ) There were 131 securities and 11 securities in an unrealized loss position for less than 12 months at March 31, 2020 and at June 30, 2019 , respectively, and no securities and 51 securities in an unrealized loss position for 12 months or greater at March 31, 2020 and June 30, 2019 , respectively. The following table summarizes the cost and estimated fair value of short-term fixed income securities classified as short-term investments based on stated maturities as of March 31, 2020 (in thousands): Amortized Cost Estimated Fair Value Due within one year $ 44,564 $ 44,549 Due between one and two years 44,235 44,345 Due between two and three years 18,444 18,379 Total $ 107,243 $ 107,273 Declines in fair value judged to be other-than-temporary on securities available for sale are included as a component of other income (expense), net. In order to determine whether a decline in value is other-than-temporary, we evaluate, among other factors: the duration and extent to which the fair value has been less than the carrying value and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in fair market value. As of March 31, 2020 , we did not consider any of our short-term investments to be other-than-temporarily impaired.

Fair value of financial instrum

Fair value of financial instruments	9 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair value of financial instruments	Fair value of financial instruments Cash equivalents and short-term investments We measure certain financial instruments at fair value on a recurring basis. We utilize a hierarchy, which consists of three levels, for disclosure of the inputs used to determine the fair value of our financial instruments. Level 1 valuations are based on quoted prices in active markets for identical assets or liabilities. Level 2 valuations are based on inputs that are observable, either directly or indirectly, other than quoted prices included within Level 1. Such inputs used in determining fair value for Level 2 valuations include quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 valuations are based upon information that is unobservable and significant to the overall fair value measurement. Where applicable, we use quoted prices in active markets for similar assets to determine fair value of Level 2 short-term investments. If quoted prices in active markets for identical assets are not available to determine fair value, we use quoted prices for similar assets and liabilities or inputs that are observable either directly or indirectly. If quoted prices for identical or similar assets are not available, we use third-party valuations utilizing underlying assets assumptions. All of our cash equivalents and short-term investments are classified within Level 1 or Level 2. As of March 31, 2020 and June 30, 2019 , we did not have any short-term investments that require Level 3 valuations. The fair values of these financial instruments were determined using the following inputs at March 31, 2020 (in thousands): Fair Value Measurements at March 31, 2020 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Total (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 383 $ 383 $ — $ — Commercial paper 500 — 500 — Total cash equivalents 883 383 500 — Short-term investments: U.S. treasury securities 2,669 2,669 — — U.S. agency securities 3,871 — 3,871 — Asset-backed securities 20,642 — 20,642 — Municipal securities 9,458 — 9,458 — Commercial paper 3,195 — 3,195 — Corporate bonds 67,438 — 67,438 — Total short-term investments 107,273 2,669 104,604 — Cash equivalents and short-term investments $ 108,156 $ 3,052 $ 105,104 $ — The fair values of our financial instruments were determined using the following inputs at June 30, 2019 (in thousands): Fair Value Measurements at June 30, 2019 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Total (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 790 $ 790 $ — $ — Commercial paper 498 — 498 — Total cash equivalents 1,288 790 498 — Short-term investments: U.S. treasury securities 3,572 3,572 — — U.S. agency securities 3,009 — 3,009 — Asset-backed securities 12,413 — 12,413 — Municipal securities 4,140 — 4,140 — Commercial paper 1,986 — 1,986 — Corporate bonds 45,734 — 45,734 — Total debt securities 70,854 3,572 67,282 — Marketable equity securities 1,349 1,349 — — Total short-term investments 72,203 4,921 67,282 — Cash equivalents and short-term investments $ 73,491 $ 5,711 $ 67,780 $ — Accretion of net premium on short-term investments totaled $157,000 and $(15,000) in the nine months ended March 31, 2020 and 2019 , respectively. There were no transfers between Level 1 and Level 2 financial instruments in the nine months ended March 31, 2020 and 2019 . We did not have any financial liabilities measured at fair value on a recurring basis as of March 31, 2020 or June 30, 2019 . Non-marketable equity investments Our non-marketable equity securities are investments in privately held companies without readily determinable market values. The carrying value of our non-marketable equity securities is measured at cost and adjusted to fair value for observable transactions for identical or similar investments of the same issuer or impairment (referred to as the measurement alternative). All gains and losses on non-marketable equity securities, realized and unrealized, are recognized in other income (expense), net. Non-marketable equity securities that we remeasure are classified within Level 3 in the fair value hierarchy because we estimate the value based on valuation methods using the observable transaction price at the transaction date and other unobservable inputs including volatility, rights, and obligations of the securities we hold. In January 2020, we completed the sale of certain intellectual property and workforce associated with the OpenTerra Platform in exchange for consideration that included a non-marketable equity interest in Grab Holdings, Inc. ordinary shares valued at $6.2 million . See Note 13. Our net unrealized gains from non-marketable equity securities were zero and $1.3 million in the nine months ended March 31, 2020 and 2019 , respectively. Our net unrealized gain of $1.3 million in the nine months ended March 31, 2019 was due to the remeasurement to fair value of non-marketable equity securities upon the adoption of the measurement alternative on July 1, 2018. The carrying value of our non-marketable equity securities carried at cost and adjusted under the measurement alternative, none of which required remeasurement to fair value, was $6,670,000 and $458,000 at March 31, 2020 and June 30, 2019 , respectively. Non-marketable equity investments accounted for under the equity method In August 2019, we completed the disposition of our Ads Business in exchange for a non-marketable equity investment in inMarket Media, LLC, or inMarket, valued at $15.6 million . See Note 12. In assessing the fair value of our investment in inMarket, we made assumptions regarding estimated future cash flows, weighted average cost of capital and timing over which the cash flows will occur, amongst other factors. An investment in a limited liability company such as inMarket that maintains a specific ownership account for each investor is deemed to be similar to an investment in a limited partnership. Accordingly, because we hold more than a 3% to 5% ownership interest in inMarket, we are required to account for our inMarket investment under the equity method of accounting and record our proportionate share of investee earnings each period. In January 2020, we invested $4.0 million in exchange for Series B preferred units and a warrant to purchase additional preferred units in a privately held limited liability company. The warrant expires on the earlier of (i) July 5, 2021, (ii) acceptance of a purchase offer from another entity, or (iii) an initial public offering of the issuer’s common stock. The exercise price of the warrant is variable depending on the achievement of certain performance conditions by the issuer. The warrant meets the definition of a derivative financial instrument. Accordingly, we allocated the $4.0 million cost of the investment first to the fair value of the warrant, with the residual allocated to the preferred units. The fair value of the warrant at issuance was determined to be $448,000 , with the remaining $3.6 million allocated to the preferred units. In assessing the fair value of the warrant, we utilized a Black-Scholes option pricing model incorporating assumptions regarding probability of achievement of performance conditions, underlying equity value, expected term and risk free rate. The underlying equity used in the option pricing model was determined primarily based on revenue and earnings multiples for comparable companies, amongst other factors. The warrant is accounted for separately and marked to market each reporting period, with any gain or loss reported in other income, net in our condensed consolidated statement of operations. The mark-to-market adjustment at March 31, 2020 was not material. Similar to the inMarket investment, we account for the $3.6 million investment in preferred units under the equity method of accounting because we hold more than a 3% to 5% ownership interest in the investee. We recognized income (loss) of $(103,000) and $694,000 related to our proportionate share of investments accounted for under the equity method for the three and nine months ended March 31, 2020 , respectively. The carrying value of our non-marketable equity investments accounted for under the equity method was $19.8 million at March 31, 2020 . The carrying value of the warrant was $448,000 at March 31, 2020. We did not hold any such investments at June 30, 2019 . Non-marketable debt investments In the three months ended December 31, 2019, we invested $1.5 million in the form of a convertible note receivable in a privately held company without a readily determinable market value. The note receivable matures on October 31, 2021 or upon request for payment by a majority of note holders, or otherwise upon a change of control, qualified financing event or event of default involving the privately held company. The note converts to preferred stock or common stock upon certain events as defined, including a qualified preferred stock financing round or a change in control of ownership. Interest accrues annually at 6.5% and is due in full upon maturity. In the three months ended September 30, 2019, we invested $2.0 million in the form of a convertible note receivable in a privately held company without a readily determinable market value. We invested an additional $2.0 million in the three months ended March 31, 2020, increasing the principal amount of the convertible note receivable to a total of $4.0 million . The note receivable matures upon request for payment by a majority of note holders on or after August 23, 2021, or otherwise upon a change of control, qualified financing event or event of default involving the privately held company. The note converts to preferred stock or common stock upon certain events as defined, including a qualified preferred stock financing round or a change in control of ownership. Interest accrues annually at 6% and is due in full upon maturity. The convertible notes are classified as available for sale and are carried at fair value within Level 3, with any unrealized gains and losses, net of tax, reported as accumulated other comprehensive income (loss) and included as a separate component of stockholders’ equity. Gains and losses are recognized when realized. We did not have any unrealized or realized gains or losses in the three and nine months ended March 31, 2020 . The carrying value of our non-marketable debt investments was $5.5 million at March 31, 2020 . We did not hold any non-marketable debt investments at June 30, 2019 .

Leases

Leases	9 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases We have entered into various non-cancelable office space operating leases with original lease periods expiring between 2020 and 2024. These do not contain material variable rent payments, residual value guarantees, covenants or other restrictions. Operating lease costs for the three and nine months ended March 31, 2020 were $833,000 and $2.4 million , respectively. The weighted-average remaining term of our operating leases was 3.1 years and the weighted-average discount rate used to measure the present value of the operating lease liabilities was 5.0% as of March 31, 2020 . Maturities of our operating lease liabilities, which do not include short-term leases, as of March 31, 2020 were as follows (in thousands): Fiscal Year 2020 $ 868 2021 3,119 2022 2,753 2023 2,310 2024 619 Total lease payments 9,669 Less: imputed interest (723 ) Total operating lease liabilities $ 8,946 Cash payments included in the measurement of our operating lease liabilities were $1.0 million and $2.8 million for the three and nine months ended March 31, 2020 , respectively.

Balance sheet information

Balance sheet information	9 Months Ended
	Mar. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Balance sheet information	Balance sheet information Goodwill and intangible assets, net Goodwill as of March 31, 2020 and June 30, 2019 was $14.3 million and $26.1 million , respectively. The reduction in goodwill of $11.8 million was due to the sale of the Ads Business to inMarket. See Note 12. Intangible assets consisted of the following (in thousands): March 31, June 30, Acquired developed technology $ 6,775 $ 13,875 Less accumulated amortization (6,775 ) (12,494 ) Intangible assets, net $ — $ 1,381 In connection with the sale of intellectual property and workforce to Grab in January 2020, we offset the remaining net intangible assets balance of $945,000 associated with the OpenTerra Platform against the consideration received. See Note 13. Acquired developed technology was amortized on a straight-line basis over the expected useful life. Amortization expense related to intangibles was zero and $218,000 for the three months ended March 31, 2020 and 2019 , respectively, and $436,000 and $785,000 for the nine months ended March 31, 2020 and 2019 , respectively. Other assets Other assets consisted of the following (in thousands): March 31, June 30, Deposits and other assets $ 1,040 $ 956 Non-marketable equity investments 6,670 458 Warrant to purchase non-marketable equity investment units 448 — Non-marketable equity investments accounted for under the equity method 19,846 — Non-marketable debt investments 5,500 — Total other assets $ 33,504 $ 1,414 Accrued expenses Accrued expenses consisted of the following (in thousands): March 31, June 30, Accrued compensation and benefits $ 13,477 $ 13,288 Accrued royalties 10,599 21,604 Customer overpayments and related reserves 2,431 4,291 Other accrued expenses 9,701 9,716 Total accrued expenses $ 36,208 $ 48,899

Deferred revenue and remaining

Deferred revenue and remaining performance obligations	9 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Deferred revenue and remaining performance obligations	Deferred revenue and remaining performance obligations Deferred revenue Deferred revenue, which is a contract liability, consists primarily of payments received in advance of revenue recognition under our contracts with customers and is recognized upon transfer of control. Changes in the balance of total deferred revenue (current and non-current) during the nine months ended March 31, 2020 were as follows (in thousands): Beginning balance, June 30, 2019 $ 135,135 Revenue recognized that was included in beginning balance (48,941 ) Amount billed, net of revenue recognized that was not included in beginning balance 57,008 Ending balance, March 31, 2020 $ 143,202 The cumulative adjustment as a result of changes in the estimate of the transaction price of customer contracts during the three and nine months ended March 31, 2020 was a net decrease in revenue recognized of less than $50,000 and a net increase in revenue recognized of $402,000 , respectively. In addition, the amount of revenue recognized in the three and nine months ended March 31, 2020 from performance obligations satisfied or partially satisfied in previous periods was $91,000 and $402,000 , respectively. Remaining performance obligations Transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that are expected to be invoiced and recognized as revenue in future periods. As of March 31, 2020 , the aggregate amount of the transaction price allocated to remaining performance obligations was $75.5 million , which is expected to be recognized over a remaining period of approximately 1 to 7

Commitments and contingencies

Commitments and contingencies	9 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Guarantees and indemnifications Our agreements with our customers generally include certain provisions for indemnifying them against liabilities if our products and services infringe a third party’s intellectual property rights or for other specified matters. We have in the past received indemnification requests or notices of their intent to seek indemnification in the future from our customers with respect to specific litigation claims in which our customers have been named as defendants. The maximum amount of potential future indemnification is unlimited. We have agreed to indemnify our directors, officers and certain other employees for certain events or occurrences, subject to certain limits, while such persons are or were serving at our request in such capacity. We may terminate the indemnification agreements with these persons upon the termination of their services with us, but termination will not affect claims for indemnification related to events occurring prior to the effective date of termination. The maximum amount of potential future indemnification is unlimited. We have a directors’ and officers’ insurance policy that limits our potential exposure. We believe that any financial exposure related to these indemnification agreements is not material. Other contractual commitments As of March 31, 2020 , we had $12.9 million of future minimum non-cancelable financial commitments primarily related to license fees due to certain of our third-party content providers, regardless of usage level. These commitments are primarily due within five years . Contingencies From time to time, we may become involved in legal proceedings, claims and litigation arising in the ordinary course of business. When we believe a loss or a cost of indemnification is probable and which we can reasonably estimate, we accrue our estimate of the loss or cost of indemnification in our consolidated financial statements. Where we cannot determine the outcome of these matters, we do not make a provision in our financial statements until the loss or cost of indemnification, if any, is probable and can be reasonably estimated or the outcome becomes known. We expense legal fees related to these matters as they are incurred. In addition, we have received, and expect to continue to receive, demands for indemnification from our customers, which demands can be very expensive to settle or defend, and we have in the past offered to contribute to settlement amounts and incurred legal fees in connection with certain of these indemnity demands. Furthermore, in response to these demands, we may be required to assume control of and bear all costs associated with the defense of our customers in compliance with our contractual commitments. Legal proceedings are subject to inherent uncertainties. Unfavorable outcomes could have a material adverse impact on our business, financial position, cash flows or overall trends in results of our operations.

Stock-based compensation

Stock-based compensation	9 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-based compensation	Stock-based compensation Under our 2009 Equity Incentive Plan, 2011 Stock Option and Grant Plan and 2019 Equity Incentive Plan, eligible employees, directors and consultants are able to participate in our future performance through awards of nonqualified stock options, incentive stock options and restricted stock units as authorized by our board of directors. In addition, we have granted restricted common stock in connection with certain acquisitions. A summary of our stock option activity is as follows (in thousands except per share and contractual life amounts): Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Options outstanding as of June 30, 2019 3,409 $ 6.49 Granted 55 4.92 Exercised (1,343 ) 6.27 Canceled or expired (402 ) 6.58 Options outstanding as of March 31, 2020 1,719 $ 6.60 5.25 $ — As of March 31, 2020: Options vested and expected to vest 1,695 $ 6.62 5.21 $ — Options exercisable 1,442 $ 6.86 4.76 $ — A summary of our restricted stock unit, or RSU, activity is as follows (in thousands except contractual life amounts): Number of Shares Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value RSUs outstanding as of June 30, 2019 2,637 Granted 1,584 Vested (991 ) Canceled (629 ) RSUs outstanding as of March 31, 2020 2,601 1.58 $ 11,237 As of March 31, 2020: RSUs expected to vest 2,232 1.47 $ 9,643 Performance-based RSUs In February 2020, the Compensation Committee of our board of directors (the “Compensation Committee”) approved the grant under our 2019 Equity Incentive Plan of performance-based RSUs covering a target of 500,000 shares of common stock under individual grants to certain of our executive officers, which we refer to as the 2020 PSU Awards. The 2020 PSU Awards are subject to four performance milestones, each requiring achievement of a specified trailing average closing stock price for a 30 -trading day period on or before the three-year anniversary of the 2020 PSU Awards’ grant date. In the event our board of directors approves entering a transaction which, if consummated, would constitute a change in control of the Company, the performance milestones are increased with respect to shares not already eligible to vest under the 2020 PSU Award, and the performance period is extended to the four-year anniversary of the 2020 PSU Awards’ grant date. Achieving each individual stock price performance milestone will result in one quarter of the shares subject to the 2020 PSU Award becoming eligible to vest. If a stock price performance milestone is achieved, then the shares that became eligible to vest will vest in four ( 4 ) equal quarterly installments as of the ensuing March 10, June 10, September 10 and December 10 following the date of certification of the date the performance milestone was achieved, in each case subject to the respective executive’s continued service with the Company through the applicable vesting date. Vesting under the 2020 PSU Award may be accelerated under certain conditions involving a change in control of our Company, including as provided under respective change in control agreements entered between us and the executive. The maximum number of shares subject to the 2020 PSU Award that may vest is 500,000 . No shares had vested as of March 31, 2020 under the 2020 PSU Awards. In September 2019, the Compensation Committee approved the grant under our 2009 Equity Incentive Plan of performance-based RSUs covering a target of 560,000 shares of common stock under individual grants to several of our executive officers, which we refer to as the 2019 PSU Awards. The 2019 PSU Awards are subject to four performance milestones, each requiring achievement of a specified trailing average closing stock price for a 30 trading day period on or before the three-year anniversary of the 2019 PSU Awards’ grant date. Achieving each individual stock price performance milestone will result in one quarter of the shares subject to the 2019 PSU Award becoming eligible to vest. If a stock price performance milestone is achieved, then one half of the shares that became eligible to vest under the 2019 PSU Award upon achievement of that stock price performance milestone will vest on the later of November 1, 2020, or the date that the Compensation Committee certifies achievement of the milestone, and the remaining one half of the shares that became eligible to vest will vest on the one-year anniversary of the date the performance milestone was achieved, in each case subject to the respective executive’s continued service with the Company through the applicable vesting date. The 2019 PSU Award milestones are subject to change upon a change in control, as defined in the agreement. The maximum number of shares subject to the 2019 PSU Award that may vest is 560,000 . No shares had vested as of March 31, 2020 under the 2019 PSU Awards. In October 2018, the Compensation Committee approved the grant under our 2009 Equity Incentive Plan of performance-based RSUs covering a target of 240,000 shares of common stock to Dr. HP Jin, our CEO, which we refer to as the CEO PSU Award. The CEO PSU Award is subject to four performance milestones, each requiring achievement of a specified trailing average closing stock price for a 30 trading day period on or before the three-year anniversary of the CEO PSU Award’s grant date. Achieving each individual stock price performance milestone will result in one quarter of the shares subject to the CEO PSU Award becoming eligible to vest. If a stock price performance milestone is achieved, then one half of the shares that became eligible to vest under the CEO PSU Award upon achievement of that stock price performance milestone will vest on the later of November 1, 2019, or the date that the Compensation Committee certifies achievement of the milestone, and the remaining one half of the shares that became eligible to vest will vest on the one-year anniversary of the date the performance milestone was achieved, in each case subject to Dr. Jin’s continued service with the Company through the applicable vesting date. The CEO PSU Award milestones are subject to change upon a change in control, as defined in the agreement. The maximum number of shares subject to the CEO PSU Award that may vest is 240,000 . No shares had vested as of March 31, 2020 under the CEO PSU Award. Since achievement of the awards is dependent on a market condition, stock-based compensation expense associated with these awards is recognized regardless of whether the market condition is satisfied, provided that the requisite service period has been met. We utilized the Monte Carlo valuation method to determine the fair value and derived service periods of each of the stock price performance milestones. Total stock-based compensation expense associated with all PSU Awards, included in the stock-based compensation expense table below, was $528,000 and $780,000 for the three and nine months ended March 31, 2020 , and was not material for all prior periods presented. As of March 31, 2020 , no performance-based RSU awards had been earned or canceled, and 1,300,000 shares subject to performance-based RSU awards remained outstanding. Shares available for grant On July 1, 2019, pursuant to the annual increase provisions of our 2009 Equity Incentive Plan, or the 2009 Plan, the number of shares available for grant under this plan increased by 1,666,666 shares. This was the last annual increase in the shares reserved for issuance under our 2009 Plan, and the plan expired in October 2019 as to new awards. In September 2019, our board of directors also terminated the 2011 Stock Option and Grant Plan, or the 2011 Plan. In November 2019, our stockholders approved the 2019 Equity Incentive Plan, or the 2019 Plan, pursuant to which 5,700,000 shares are initially reserved for future grants and up to an additional 5,800,000 shares are reserved to the extent shares subject to grants under the 2009 Plan were outstanding as of November 20, 2019 but later expire or otherwise terminate without having been exercised in full (in which case the shares subject to such grants will be returned to the 2019 Plan and available for future issuance). The 2019 Plan became effective on November 20, 2019 and will automatically terminate 10 years from its date of adoption by our board of directors. In connection with the adoption of the 2019 Plan, a total of approximately 5,342,000 shares expired which had been previously available but unissued under the 2009 Plan and 2011 Plan. A summary of our shares available for grant activity is as follows (in thousands): Number of Shares Shares available for grant as of June 30, 2019 4,472 Annual share increase authorized under 2009 Plan 1,667 Granted (1,681 ) RSUs withheld for taxes in net share settlements 251 Canceled 633 Expired under 2009 and 2011 Plans (5,342 ) Shares available under 2009 and 2011 Plans upon termination on November 20, 2019 — Initial shares authorized under 2019 Plan on November 20, 2019 5,700 Shares added from 5,800,000 reserved share pool available (1) 483 Granted (1,019 ) Shares available for grant as of March 31, 2020 5,164 (1) Additional shares are available up to a maximum of 5,800,000 shares only to the extent shares subject to grants under the 2009 Plan were outstanding as of November 20, 2019 but later expire or otherwise terminate without having been exercised in full. Employee Stock Purchase Plan In November 2019, the Company’s stockholders approved the 2019 Employee Stock Purchase Plan, or ESPP, which became effective on November 20, 2019. A total of 2,500,000 shares were authorized for issuance to participating employees upon adoption of the ESPP. The ESPP provides for 12-month offering periods beginning March 1 and September 1 of each year, and each offering period will consist of two six-month purchase periods. The initial offering period commenced on March 1, 2020 and will end on March 1, 2021. On each purchase date, eligible employees will purchase the shares at a price per share equal to 85% of the lesser of (i) the fair market value of our stock on the enrollment date of the offering period or (ii) the fair market value of our stock on the exercise date. Stock-based compensation expense The following table summarizes the stock-based compensation expense for continuing operations recorded for stock options, RSUs, including performance-based RSUs, and ESPP purchase rights (in thousands): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Stock option awards $ 156 $ 378 $ 690 $ 1,211 RSU awards 1,672 1,310 4,368 4,400 ESPP 131 — 131 — Total stock-based compensation expense $ 1,959 $ 1,688 $ 5,189 $ 5,611 We use valuation pricing models to determine the fair value of stock-based awards. The determination of the fair value of stock-based payment awards on the date of grant is affected by the stock price as well as assumptions regarding a number of complex and subjective variables. These variables include expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behaviors, risk-free interest rates and expected dividends. The weighted average assumptions used to value stock option awards granted and the resulting weighted average grant date fair value per share were as follows: Nine Months Ended 2020 2019 Expected volatility 48 % 39 % Expected term (in years) 5.65 6.87 Risk-free interest rate 1.58 % 2.99 % Dividend yield — % — % Weighted average grant date fair value per share $ 2.27 $ 2.32 No stock option awards were granted during the three months ended March 31, 2020 and 2019. The weighted average assumptions used to value ESPP purchase rights during the initial offering period beginning March 1, 2020 were as follows: Expected volatility 93 % Expected term (in years) 0.75 Risk-free interest rate 0.92 % Dividend yield — %

Stock repurchase program

Stock repurchase program	9 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Stock repurchase program	Stock repurchase program In February 2019, our board of directors authorized a program for the repurchase of up to $20.0 million of our shares of common stock through open market purchases. The term of the program is 18 months . The timing and amount of repurchase transactions under this program will depend on market conditions, cash flow and other considerations. Under this program, we utilized $5.3 million of cash to repurchase 925,624 shares of our common stock at an average purchase price of $5.76 per share during the three months ended March 31, 2020 . We utilized $9.4 million of cash to repurchase 1,692,207 shares of our common stock at an average purchase price of $5.53 per share during the nine months ended March 31, 2020 . As of March 31, 2020 , the remaining authorized amount of stock repurchases that may be made under this repurchase program was $9.3 million . Repurchased shares are retired and designated as authorized but unissued shares. We use the par value method of accounting for our stock repurchases. Under the par value method, common stock is first charged with the par value of the shares involved. The excess of the cost of shares acquired over the par value is allocated to additional paid-in capital, or APIC, based on an estimated average sales price per issued share with the excess amounts charged to retained earnings. As a result of our stock repurchases during the nine months ended March 31, 2020 , we reduced common stock and APIC by an aggregate of $5.8 million and charged $3.6 million to retained earnings.

Income taxes

Income taxes	9 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income taxes	Income taxes For interim reporting purposes, we calculate an annual estimated tax rate and apply that rate to actual results to estimate our taxes. In cases when we cannot reliably estimate an annual estimated tax rate, actual tax expense or the “cutoff method” is utilized as the estimate. The effective tax rate for the periods presented is the result of the mix of forecasted fiscal year income earned or loss incurred in various tax jurisdictions that apply a broad range of income tax rates. Our provision for income taxes for continuing operations was $1.1 million in the nine months ended March 31, 2020 compared to $1.0 million in the nine months ended March 31, 2019 and was comprised primarily of foreign withholding taxes and income taxes in foreign jurisdictions where we have profit. Our effective tax provision rate of 8% of income from continuing operations for the nine months ended March 31, 2020 was less than the tax amount computed at the U.S. federal statutory income tax rate due primarily to the application of the cutoff method to compute US taxes. Our effective tax provision rate of 7% of loss from continuing operations for the nine months ended March 31, 2019 was greater than the tax amount computed at the U.S. federal statutory income tax rate due primarily to losses for which no benefit will be recognized since the tax assets are not likely to be realized due to the lack of current and forecasted future income. Although the total income tax provision did not change for the nine months ended March 31, 2019 , taxes were allocated to discontinued operations in an amount equal to the difference between the tax originally computed on loss from operations and the tax recomputed on the amount of loss from continuing operations. We record liabilities related to unrecognized tax benefits in accordance with authoritative guidance on accounting for uncertain tax positions. As of March 31, 2020 and June 30, 2019 , our cumulative unrecognized tax benefits were $5.2 million and $4.6 million , respectively. Included in the balance of unrecognized tax benefits at March 31, 2020 and June 30, 2019 was $77,000 and $77,000 , respectively, that if recognized, would affect the effective tax rate. We recognize interest and penalties related to unrecognized tax benefits as part of our provision for federal, state and foreign income taxes. We accrued zero for the payment of interest and penalties at March 31, 2020 and June 30, 2019 . We file income tax returns with the Internal Revenue Service, or IRS, California and various states and foreign tax jurisdictions in which we have filing obligations. The statute of limitations remains open from fiscal 2017 for federal tax purposes, from fiscal 2014 in state jurisdictions and from fiscal 2013 in foreign jurisdictions. Fiscal years outside the normal statute of limitation remain open to audit by tax authorities due to tax attributes generated in those early years which have been carried forward and may be audited in subsequent years when utilized. Due to operating losses in previous years and continued earnings volatility, we maintain a valuation allowance on the majority of our deferred tax assets. Our valuation allowance at June 30, 2019 was $48.4 million . In evaluating our ability to recover our deferred tax assets each quarter, we consider all available positive and negative evidence, including current and previous operating results, ability to carryback losses for a tax refund, and forecasts of future operating results. On March 27, 2020, the U.S. government enacted new tax legislation commonly referred to as the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. The CARES Act includes several significant business tax provisions to provide liquidity to businesses affected by the economic impact of COVID-19. Specifically, the CARES Act repeals the 80% limitation on the use of net operating losses for tax years 2018, 2019, and 2020; allows the carryback of net operating losses arising in tax years 2018, 2019, and 2020 to the prior five tax years; suspends the excess business loss rules, accelerates refunds of alternative minimum tax credits; and loosens the business interest limitations. The measure also adds an employee retention credit and deferral on the payment of social security taxes incurred from March 27, 2020 through December 31, 2020. The provisions of the CARES Act are not expected have a material impact to our financial statements.

Sale of Ads Business

Sale of Ads Business	9 Months Ended
	Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Sale of Ads Business	Sale of Ads Business On August 16, 2019, we completed the disposition of our Ads Business to inMarket, which we refer to as the inMarket Transaction. In consideration, inMarket issued to us limited liability company units of inMarket representing a 14.5% -member interest in inMarket at the time of the closing of the inMarket Transaction. We also received a perpetual, non-exclusive, irrevocable, royalty-free license under software and other intellectual property rights being assigned to inMarket as part of the inMarket Transaction, as set forth in the Asset Purchase Agreement, dated August 8, 2019, by and among Telenav, Thinknear, Inc., a wholly owned subsidiary of Telenav, and inMarket, as amended. Pursuant to the terms of a Transition Services Agreement, we also agreed to provide inMarket with transition services for a period of time generally not to exceed eight months following the closing of the inMarket Transaction. The historical financial results attributable to the Ads Business are presented as discontinued operations in our condensed consolidated statements of operations for all periods presented. The carrying amounts of assets and liabilities included as part of discontinued operations have been classified as assets of discontinued operations and liabilities of discontinued operations, respectively, in our condensed consolidated balance sheet at June 30, 2019. Reconciliations of the carrying amounts of major classes of assets and liabilities included as part of discontinued operations to the amounts presented separately in our June 30, 2019 condensed consolidated balance sheet are presented in the following table: June 30, Assets Accounts receivable $ 6,011 Prepaid and other current assets 319 Assets of discontinued operations $ 6,330 Property and equipment, net $ 72 Operating lease right-of-use assets — Deferred income taxes, non-current (59 ) Goodwill and intangible assets, net 11,786 Other assets 395 Assets of discontinued operations, non-current $ 12,194 Liabilities Accounts payable $ 974 Accrued expenses 2,399 Operating lease liabilities — Liabilities of discontinued operations $ 3,373 Deferred rent, non-current $ 30 Operating lease liabilities, non-current — Liabilities of discontinued operations, non-current $ 30 Reconciliations of the major line items comprising loss from operations of the Ads Business included as part of discontinued operations to the amounts presented separately in our statements of operations for the three and nine months ended March 31, 2020 and 2019 are presented in the following tables: Three Months Ended March 31, Nine Months Ended 2020 2019 2020 2019 Revenue - services $ — $ 4,529 $ 3,614 $ 17,492 Cost of revenue - services — 2,178 1,335 8,683 Gross profit — 2,351 2,279 8,809 Operating expenses: Research and development — 1,186 697 4,121 Sales and marketing — 3,098 750 8,600 General and administrative — — — — Total operating expenses — 4,284 1,447 12,721 Provision for (benefit from) income taxes — 14 — (17 ) Income (loss) from operations of Ads Business $ — $ (1,947 ) $ 832 $ (3,895 ) Our 14.5% member interest in inMarket was valued at $15.6 million at the closing of the inMarket Transaction and is recorded in other assets on our condensed consolidated balance sheet at March 31, 2020 . See Note 4. Our loss from the sale of the Ads Business of $4.9 million included $1.9 million comprising severance for Ads Business employees who were not offered employment with inMarket and acceleration of stock-based awards vesting for certain Ads Business executives who were not offered employment with inMarket, and $363,000 comprising legal fees and third-party consulting fees associated with the inMarket Transaction.

Sale of intellectual property a

Sale of intellectual property and workforce	9 Months Ended
	Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Sale of intellectual property and workforce	Sale of intellectual property and workforce In August 2019, we entered into certain agreements with affiliates of Grab, including: (i) a services agreement pursuant to which we agreed to provide certain services to Grab through certain of our employees designated to work on our OpenTerra Platform; (ii) a license agreement pursuant to which we granted to Grab a perpetual license to certain intellectual property associated with the OpenTerra Platform; and (iii) an asset purchase agreement pursuant to which we sold certain intellectual property associated with the OpenTerra Platform to Grab and facilitated offers for employment or consulting arrangements by Grab of certain of our OpenTerra employees. In January 2020, Grab completed the acquisition of assets pursuant to which we sold certain intellectual property associated with the OpenTerra Platform to Grab and facilitated the making of offers for employment or consulting arrangements by Grab to certain of our OpenTerra employees in exchange for a non-marketable equity interest in Grab Holdings, Inc. ordinary shares. We also received a perpetual, royalty-free license under the OpenTerra intellectual property rights assigned to Grab. Grab’s acquired workforce consisted of 59 of our employees. Total consideration including cash, as well as equity compensation received upon sale of the assets, was allocated between the license and services (subject to ASC 606), and the assets (not within the scope of ASC 606) based on standalone selling prices. The standalone selling price for the rights acquired under the asset purchase agreement was estimated based on comparing the rights transferred under the perpetual license as compared to the incremental rights transferred under the asset purchase agreement if such incremental rights were transferred separately in similar circumstances and to similar customers. The value of the equity compensation was based on the most recently available valuation information and is subject to variability. To determine the fair market value of these ordinary shares, we used all information reasonably available from Grab Holdings, Inc. regarding the assessment of its board of directors of the fair market value of the ordinary shares, including the limited number of arms’ length sales of Grab Holdings, Inc.’s ordinary shares and a review of financial statements provided by Grab Holdings, Inc. Because there is no public trading market for Grab Holdings, Inc.’s ordinary shares and because Grab does not prepare its financial statements in accordance with GAAP or file its financial statements with the SEC or another securities regulatory body, we relied on the most current information available to assess the fair market value of Grab Holdings, Inc.’s ordinary shares. We determined the value of the perpetual license received under the OpenTerra intellectual property rights assigned to Grab based upon the discounted estimated future cash flows to be received associated with the license. We recorded a $6.2 million non-marketable equity investment in Grab Holdings, Inc. (see Note 4) and an $800,000 capitalized software asset representing the perpetual license received, and we recognized a gain on the sale of $45,000 . The non-marketable equity investment and capitalized software are recorded in Other assets and Property and equipment net, respectively, on our condensed consolidated balance sheet, and the gain on sale is recorded as other income in our condensed consolidated statement of operations.

Summary of business and signi_2

Summary of business and significant accounting policies (Policies)	9 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of presentation The unaudited condensed consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP. The condensed consolidated financial statements include the accounts of Telenav, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements include all adjustments (consisting only of normal recurring adjustments) that our management believes are necessary for a fair presentation of the periods presented. These interim financial results are not necessarily indicative of results expected for the full fiscal year or for any subsequent interim period. Our condensed consolidated financial statements also include the financial results of Shanghai Jitu Software Development Ltd., or Jitu, located in China. Based on our contractual arrangements with the shareholders of Jitu, we have determined that Jitu is a variable interest entity, or VIE, for which we are the primary beneficiary and are required to consolidate in accordance with Accounting Standards Codification, or ASC, subtopic 810-10, or ASC 810-10, Consolidation: Overall . The results of Jitu did not have a material impact on our financial statements for the nine months ended March 31, 2020 and 2019 . The condensed consolidated financial statements and related financial information should be read in conjunction with the audited consolidated financial statements and the related notes thereto for fiscal 2020 , included in our Annual Report on Form 10-K for fiscal 2019 filed with the U.S. Securities and Exchange Commission, or SEC, on August 22, 2019, which we refer to as the Form 10-K. Effective July 1, 2019, we adopted the requirements of Accounting Standards Update, or ASU, No. 2016-02, Leases (ASC 842) as discussed in the section titled “ Recently adopted accounting pronouncements ” of this Note 1. All amounts and disclosures set forth in this Form 10-Q have been updated to comply with this standard.
Reclassification	Certain prior period balances have been reclassified to conform to the current period presentation of discontinued operations.
Use of estimates	Use of estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions made by us include the determination of revenue recognition and deferred revenue, including estimating and allocating the transaction price of customer contracts, the recoverability of accounts receivable and short-term investments, the determination of acquired intangibles and assessment of goodwill for impairment, the fair value of stock-based awards issued, the determination of income taxes and the recoverability of deferred tax assets. Actual results could differ from those estimates. In March 2020, the World Health Organization declared the outbreak of the novel coronavirus first identified in China in late 2019 (COVID-19) as a pandemic, which continues to spread throughout the U.S. and the world. The extent of the impact of the COVID-19 pandemic on our operational and financial performance will depend on future developments, including the duration and spread of the outbreak, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume, all of which are uncertain and we cannot predict. During the three months ended March 31, 2020, this uncertainty resulted in a higher level of judgment related to our estimates and assumptions concerning short-term investments, long-lived assets, non-marketable equity and debt investments, goodwill, and variable consideration related to revenue recognition. We expect uncertainties around our key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the COVID-19 pandemic. Our estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in our consolidated financial statements. Disaggregation of revenue
Contract assets	Contract assets
Recent accounting pronouncements	Recently adopted accounting pronouncements In August 2018, the Financial Accounting Standards Board, or FASB, issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract , or ASU 2018-15, which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to defer and recognize as an asset. We early adopted ASU 2018-15 on July 1, 2019 on a prospective basis, and it did not have a material impact on our financial position or results of operations. In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842) which supersedes the guidance in topic ASC 840, Leases. The new standard, including subsequent amendments, requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to previous guidance for operating leases under ASC 840, Leases. We adopted ASC 842, effective July 1, 2019. We adopted the standard using the modified retrospective transition approach applying the new standard to all leases existing at the date of initial application and not restating comparative periods. The most significant impact was the recognition of right-of-use, or ROU, assets and lease liabilities for operating leases that were not previously recorded. For information regarding the impact of ASC 842 adoption, see Leases and Note 6. Leases On July 1, 2019, we adopted ASC 842 using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning after July 1, 2019 are presented under ASC 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting. We elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our historical lease classification, our assessment on whether a contract was or contains a lease, and our initial direct costs for any leases that existed prior to July 1, 2019. We also elected to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. Upon adoption, we recognized total ROU assets of $11.7 million , with corresponding liabilities of $13.0 million on the condensed consolidated balance sheets. The adoption did not impact our beginning retained earnings, or our prior year condensed consolidated statements of operations and statements of cash flows. We recognize operating lease ROU assets and operating lease liabilities at the commencement date based on the present value of the future minimum lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments we made and excludes lease incentives and initial direct costs we incurred. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. We include operating leases in operating lease right-of-use assets, operating lease liabilities and operating lease liabilities, non-current on our condensed consolidated balance sheets. Recent accounting pronouncements not yet adopted In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes, which simplifies accounting for income taxes by revising or clarifying existing guidance in ASC 740, as well as removing certain exceptions within ASC 740. This guidance is effective for us on July 1, 2021 with early adoption permitted. We are evaluating the impact of the adoption of this standard on our consolidated financial statements, but we do not expect it to have a material impact. With the exception of the recently adopted accounting pronouncements and recent accounting pronouncements not yet adopted discussed above, there have been no other changes in accounting pronouncements during the nine months ended March 31, 2020 , as compared to the recent accounting pronouncements described in our Annual Report on Form 10-K for fiscal 2019, that are of significance or potential significance to us.
Leases	Leases On July 1, 2019, we adopted ASC 842 using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning after July 1, 2019 are presented under ASC 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting. We elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our historical lease classification, our assessment on whether a contract was or contains a lease, and our initial direct costs for any leases that existed prior to July 1, 2019. We also elected to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. Upon adoption, we recognized total ROU assets of $11.7 million , with corresponding liabilities of $13.0 million on the condensed consolidated balance sheets. The adoption did not impact our beginning retained earnings, or our prior year condensed consolidated statements of operations and statements of cash flows. We recognize operating lease ROU assets and operating lease liabilities at the commencement date based on the present value of the future minimum lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments we made and excludes lease incentives and initial direct costs we incurred. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. We include operating leases in operating lease right-of-use assets, operating lease liabilities and operating lease liabilities, non-current on our condensed consolidated balance sheets.

Summary of business and signi_3

Summary of business and significant accounting policies (Tables)	9 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of disaggregation of revenue	In order to further depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors, the following table depicts the disaggregation of revenue according to revenue type and pattern of recognition (in thousands): Three Months Ended March 31, Nine Months Ended 2020 2019 2020 2019 Product On-board automotive navigation solutions (point in time) (1) $ 52,106 $ 41,723 $ 169,639 $ 124,050 Total product revenue 52,106 41,723 169,639 124,050 Services Brought-in automotive navigation solutions (over time) (2) 9,632 4,250 24,641 12,272 Automotive maintenance and support and other (over time) 153 42 3,028 697 Mobile navigation services (over time) 2,605 2,525 7,692 7,933 Total services revenue 12,390 6,817 35,361 20,902 Total revenue $ 64,496 $ 48,540 $ 205,000 $ 144,952 (1) Includes i) royalties earned and recognized at the point in time usage occurs, ii) map updates and iii) customized software development fees. (2) Includes royalties earned and recognized over time from the allocation of transaction price to service obligations for hybrid automotive solutions.
Changes in the balance of total deferred costs	Changes in the balance of total deferred costs (current and non-current) during the nine months ended March 31, 2020 were as follows (in thousands): Deferred Costs Content Development Total Balance, June 30, 2019 $ 71,466 $ 8,336 $ 79,802 Content licensing costs incurred 97,826 — 97,826 Customized software development costs incurred — 2,950 2,950 Less: cost of revenue recognized (92,903 ) (4,977 ) (97,880 ) Balance, March 31, 2020 $ 76,389 $ 6,309 $ 82,698 nine months ended March 31, 2020 were as follows (in thousands): Beginning balance, June 30, 2019 $ 135,135 Revenue recognized that was included in beginning balance (48,941 ) Amount billed, net of revenue recognized that was not included in beginning balance 57,008 Ending balance, March 31, 2020 $ 143,202
Accumulated other comprehensive loss, net of tax	The components of accumulated other comprehensive loss, net of related taxes, and activity as of March 31, 2020 , were as follows (in thousands): Foreign Currency Unrealized Total Balance, net of tax as of June 30, 2019 $ (1,623 ) $ 146 $ (1,477 ) Other comprehensive income (loss) before reclassifications, net of tax (267 ) (246 ) (513 ) Amount reclassified from accumulated other comprehensive loss, net of tax — (14 ) (14 ) Other comprehensive income (loss), net of tax (267 ) (260 ) (527 ) Balance, net of tax as of March 31, 2020 $ (1,890 ) $ (114 ) $ (2,004 )

Net income (loss) per share (Ta

Net income (loss) per share (Tables)	9 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of calculation of basic and diluted net loss per share	The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended March 31, Nine Months Ended 2020 2019 2020 2019 Income (loss) from continuing operations $ (733 ) $ (5,534 ) $ 12,361 $ (15,737 ) Loss on discontinued operations — (1,947 ) (4,042 ) (3,895 ) Net income (loss) $ (733 ) $ (7,481 ) $ 8,319 $ (19,632 ) Shares used to compute basic income (loss) per share 47,902 45,585 48,053 45,347 Dilutive potential common shares: Stock options — — 50 — Restricted stock units — — 909 — Employee stock purchase plan — — 10 — Shares used to compute diluted income (loss) per share 47,902 45,585 49,022 45,347 Basic income (loss) per share: Income (loss) from continuing operations $ (0.02 ) $ (0.12 ) $ 0.26 $ (0.35 ) Loss on discontinued operations — (0.04 ) (0.08 ) (0.09 ) Net income (loss) $ (0.02 ) $ (0.16 ) $ 0.17 $ (0.43 ) Diluted income (loss) per share: Income (loss) from continuing operations $ (0.02 ) $ (0.12 ) $ 0.25 $ (0.35 ) Loss on discontinued operations — (0.04 ) (0.08 ) (0.09 ) Net income (loss) $ (0.02 ) $ (0.16 ) $ 0.17 $ (0.43 ) Potential common stock equivalents not included in the calculation of diluted income per share as the effect would be anti-dilutive — — 1,748 —

Cash, cash equivalents and sh_2

Cash, cash equivalents and short-term investments (Tables)	9 Months Ended
	Mar. 31, 2020
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Schedule of cash, cash equivalents and short-term investments	Cash, cash equivalents and short-term investments consisted of the following as of March 31, 2020 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 15,594 $ — $ — $ 15,594 Cash equivalents: Money market mutual funds 382 — — 382 Commercial paper 500 — — 500 Total cash equivalents 882 — — 882 Total cash and cash equivalents 16,476 — — 16,476 Short-term investments: U.S. treasury securities 2,615 54 — 2,669 U.S. agency securities 3,809 62 — 3,871 Asset-backed securities 20,610 106 (74 ) 20,642 Municipal securities 9,415 43 — 9,458 Commercial paper 3,193 2 — 3,195 Corporate bonds 67,601 181 (344 ) 67,438 Total short-term investments 107,243 448 (418 ) 107,273 Cash, cash equivalents and short-term investments $ 123,719 $ 448 $ (418 ) $ 123,749 Cash, cash equivalents and short-term investments consisted of the following as of June 30, 2019 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 25,987 $ — $ — $ 25,987 Cash equivalents: Money market mutual funds 790 — — 790 Commercial paper 498 — — 498 Total cash equivalents 1,288 — — 1,288 Total cash and cash equivalents 27,275 — — 27,275 Short-term investments: U.S. treasury securities 3,570 6 (4 ) 3,572 U.S. agency securities 3,002 9 (2 ) 3,009 Asset-backed securities 12,319 104 (10 ) 12,413 Municipal securities 4,124 16 — 4,140 Commercial paper 1,986 — — 1,986 Corporate bonds 45,492 269 (27 ) 45,734 Total debt securities 70,493 404 (43 ) 70,854 Marketable equity securities 250 1,099 — 1,349 Total short-term investments 70,743 1,503 (43 ) 72,203 Cash, cash equivalents and short-term investments $ 98,018 $ 1,503 $ (43 ) $ 99,478
Schedule of fair value and gross unrealized losses related to available-for-sale securities	The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities, aggregated by investment category, that have been in an unrealized loss position for less than 12 months or a continuous unrealized loss position for 12 months or greater, as of March 31, 2020 and June 30, 2019 (in thousands): March 31, 2020 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Asset-backed securities $ 7,671 $ (74 ) $ — $ — $ 7,671 $ (74 ) Corporate bonds 40,090 (344 ) — — 40,090 (344 ) Total $ 47,761 $ (418 ) $ — $ — $ 47,761 $ (418 ) June 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. treasury securities $ — $ — $ 2,992 $ (5 ) $ 2,992 $ (5 ) U.S. agency securities — — 998 (1 ) 998 (1 ) Asset-backed securities — — 3,537 (11 ) 3,537 (11 ) Commercial paper 493 (1 ) — — 493 (1 ) Corporate bonds 4,600 (3 ) 14,615 (24 ) 19,215 (27 ) Total $ 5,093 $ (4 ) $ 22,142 $ (41 ) $ 27,235 $ (45 )
Schedule of cost and estimated fair value of short-term fixed income securities classified as short-term investments	The following table summarizes the cost and estimated fair value of short-term fixed income securities classified as short-term investments based on stated maturities as of March 31, 2020 (in thousands): Amortized Cost Estimated Fair Value Due within one year $ 44,564 $ 44,549 Due between one and two years 44,235 44,345 Due between two and three years 18,444 18,379 Total $ 107,243 $ 107,273

Fair value of financial instr_2

Fair value of financial instruments (Tables)	9 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair values of financial instruments	The fair values of these financial instruments were determined using the following inputs at March 31, 2020 (in thousands): Fair Value Measurements at March 31, 2020 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Total (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 383 $ 383 $ — $ — Commercial paper 500 — 500 — Total cash equivalents 883 383 500 — Short-term investments: U.S. treasury securities 2,669 2,669 — — U.S. agency securities 3,871 — 3,871 — Asset-backed securities 20,642 — 20,642 — Municipal securities 9,458 — 9,458 — Commercial paper 3,195 — 3,195 — Corporate bonds 67,438 — 67,438 — Total short-term investments 107,273 2,669 104,604 — Cash equivalents and short-term investments $ 108,156 $ 3,052 $ 105,104 $ — The fair values of our financial instruments were determined using the following inputs at June 30, 2019 (in thousands): Fair Value Measurements at June 30, 2019 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Total (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 790 $ 790 $ — $ — Commercial paper 498 — 498 — Total cash equivalents 1,288 790 498 — Short-term investments: U.S. treasury securities 3,572 3,572 — — U.S. agency securities 3,009 — 3,009 — Asset-backed securities 12,413 — 12,413 — Municipal securities 4,140 — 4,140 — Commercial paper 1,986 — 1,986 — Corporate bonds 45,734 — 45,734 — Total debt securities 70,854 3,572 67,282 — Marketable equity securities 1,349 1,349 — — Total short-term investments 72,203 4,921 67,282 — Cash equivalents and short-term investments $ 73,491 $ 5,711 $ 67,780 $ —

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of operating lease maturity	Maturities of our operating lease liabilities, which do not include short-term leases, as of March 31, 2020 were as follows (in thousands): Fiscal Year 2020 $ 868 2021 3,119 2022 2,753 2023 2,310 2024 619 Total lease payments 9,669 Less: imputed interest (723 ) Total operating lease liabilities $ 8,946

Balance sheet information (Tabl

Balance sheet information (Tables)	9 Months Ended
	Mar. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Finite-lived intangible assets amortization expense	Intangible assets consisted of the following (in thousands): March 31, June 30, Acquired developed technology $ 6,775 $ 13,875 Less accumulated amortization (6,775 ) (12,494 ) Intangible assets, net $ — $ 1,381
Schedule of other assets	Other assets consisted of the following (in thousands): March 31, June 30, Deposits and other assets $ 1,040 $ 956 Non-marketable equity investments 6,670 458 Warrant to purchase non-marketable equity investment units 448 — Non-marketable equity investments accounted for under the equity method 19,846 — Non-marketable debt investments 5,500 — Total other assets $ 33,504 $ 1,414
Schedule of accrued expenses	Accrued expenses consisted of the following (in thousands): March 31, June 30, Accrued compensation and benefits $ 13,477 $ 13,288 Accrued royalties 10,599 21,604 Customer overpayments and related reserves 2,431 4,291 Other accrued expenses 9,701 9,716 Total accrued expenses $ 36,208 $ 48,899

Deferred revenue and remainin_2

Deferred revenue and remaining performance obligations (Tables)	9 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Schedule of changes in the balance of total deferred revenue	Changes in the balance of total deferred costs (current and non-current) during the nine months ended March 31, 2020 were as follows (in thousands): Deferred Costs Content Development Total Balance, June 30, 2019 $ 71,466 $ 8,336 $ 79,802 Content licensing costs incurred 97,826 — 97,826 Customized software development costs incurred — 2,950 2,950 Less: cost of revenue recognized (92,903 ) (4,977 ) (97,880 ) Balance, March 31, 2020 $ 76,389 $ 6,309 $ 82,698 nine months ended March 31, 2020 were as follows (in thousands): Beginning balance, June 30, 2019 $ 135,135 Revenue recognized that was included in beginning balance (48,941 ) Amount billed, net of revenue recognized that was not included in beginning balance 57,008 Ending balance, March 31, 2020 $ 143,202

Stock-based compensation (Table

Stock-based compensation (Tables)	9 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock option activity	A summary of our stock option activity is as follows (in thousands except per share and contractual life amounts): Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Options outstanding as of June 30, 2019 3,409 $ 6.49 Granted 55 4.92 Exercised (1,343 ) 6.27 Canceled or expired (402 ) 6.58 Options outstanding as of March 31, 2020 1,719 $ 6.60 5.25 $ — As of March 31, 2020: Options vested and expected to vest 1,695 $ 6.62 5.21 $ — Options exercisable 1,442 $ 6.86 4.76 $ —
Restricted stock units award activity	A summary of our restricted stock unit, or RSU, activity is as follows (in thousands except contractual life amounts): Number of Shares Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value RSUs outstanding as of June 30, 2019 2,637 Granted 1,584 Vested (991 ) Canceled (629 ) RSUs outstanding as of March 31, 2020 2,601 1.58 $ 11,237 As of March 31, 2020: RSUs expected to vest 2,232 1.47 $ 9,643
Summary of shares available for grant activity	A summary of our shares available for grant activity is as follows (in thousands): Number of Shares Shares available for grant as of June 30, 2019 4,472 Annual share increase authorized under 2009 Plan 1,667 Granted (1,681 ) RSUs withheld for taxes in net share settlements 251 Canceled 633 Expired under 2009 and 2011 Plans (5,342 ) Shares available under 2009 and 2011 Plans upon termination on November 20, 2019 — Initial shares authorized under 2019 Plan on November 20, 2019 5,700 Shares added from 5,800,000 reserved share pool available (1) 483 Granted (1,019 ) Shares available for grant as of March 31, 2020 5,164 (1) Additional shares are available up to a maximum of 5,800,000 shares only to the extent shares subject to grants under the 2009 Plan were outstanding as of November 20, 2019 but later expire or otherwise terminate without having been exercised in full.
Stock-based compensation expense	The following table summarizes the stock-based compensation expense for continuing operations recorded for stock options, RSUs, including performance-based RSUs, and ESPP purchase rights (in thousands): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Stock option awards $ 156 $ 378 $ 690 $ 1,211 RSU awards 1,672 1,310 4,368 4,400 ESPP 131 — 131 — Total stock-based compensation expense $ 1,959 $ 1,688 $ 5,189 $ 5,611
Assumptions used to estimate weighted average fair value of options	The weighted average assumptions used to value stock option awards granted and the resulting weighted average grant date fair value per share were as follows: Nine Months Ended 2020 2019 Expected volatility 48 % 39 % Expected term (in years) 5.65 6.87 Risk-free interest rate 1.58 % 2.99 % Dividend yield — % — % Weighted average grant date fair value per share $ 2.27 $ 2.32
Weighted average assumptions used to value ESPP purchase rights	The weighted average assumptions used to value ESPP purchase rights during the initial offering period beginning March 1, 2020 were as follows: Expected volatility 93 % Expected term (in years) 0.75 Risk-free interest rate 0.92 % Dividend yield — %

Sale of Ads Business (Tables)

Sale of Ads Business (Tables)	9 Months Ended
	Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Assets and liabilities of discontinued operations	Reconciliations of the carrying amounts of major classes of assets and liabilities included as part of discontinued operations to the amounts presented separately in our June 30, 2019 condensed consolidated balance sheet are presented in the following table: June 30, Assets Accounts receivable $ 6,011 Prepaid and other current assets 319 Assets of discontinued operations $ 6,330 Property and equipment, net $ 72 Operating lease right-of-use assets — Deferred income taxes, non-current (59 ) Goodwill and intangible assets, net 11,786 Other assets 395 Assets of discontinued operations, non-current $ 12,194 Liabilities Accounts payable $ 974 Accrued expenses 2,399 Operating lease liabilities — Liabilities of discontinued operations $ 3,373 Deferred rent, non-current $ 30 Operating lease liabilities, non-current — Liabilities of discontinued operations, non-current $ 30 Reconciliations of the major line items comprising loss from operations of the Ads Business included as part of discontinued operations to the amounts presented separately in our statements of operations for the three and nine months ended March 31, 2020 and 2019 are presented in the following tables: Three Months Ended March 31, Nine Months Ended 2020 2019 2020 2019 Revenue - services $ — $ 4,529 $ 3,614 $ 17,492 Cost of revenue - services — 2,178 1,335 8,683 Gross profit — 2,351 2,279 8,809 Operating expenses: Research and development — 1,186 697 4,121 Sales and marketing — 3,098 750 8,600 General and administrative — — — — Total operating expenses — 4,284 1,447 12,721 Provision for (benefit from) income taxes — 14 — (17 ) Income (loss) from operations of Ads Business $ — $ (1,947 ) $ 832 $ (3,895 )

Summary of business and signi_4

Summary of business and significant accounting policies - Description of Business (Details)	12 Months Ended
	Jun. 30, 2019segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

Summary of business and signi_5

Summary of business and significant accounting policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenue	$ 64,496	$ 48,540	$ 205,000	$ 144,952
Product
Disaggregation of Revenue [Line Items]
Total revenue	52,106	41,723	169,639	124,050
Services
Disaggregation of Revenue [Line Items]
Total revenue	12,390	6,817	35,361	20,902
Point in Time | On-board automotive navigation solutions
Disaggregation of Revenue [Line Items]
Total revenue	52,106	41,723	169,639	124,050
Over Time | Brought-in automotive navigation solutions (over time)
Disaggregation of Revenue [Line Items]
Total revenue	9,632	4,250	24,641	12,272
Over Time | Automotive maintenance and support and other (over time)
Disaggregation of Revenue [Line Items]
Total revenue	153	42	3,028	697
Over Time | Mobile navigation services (over time)
Disaggregation of Revenue [Line Items]
Total revenue	$ 2,605	$ 2,525	$ 7,692	$ 7,933

Summary of business and signi_6

Summary of business and significant accounting policies - Contract Assets (Details) - USD ($)	Mar. 31, 2020	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Contract assets	$ 0	$ 0

Summary of business and signi_7

Summary of business and significant accounting policies - Deferred Costs (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)
Contract with Customer Asset [Roll Forward]
Balance, June 30, 2019	$ 79,802
Content licensing costs incurred	97,826
Customized software development costs incurred	2,950
Less: cost of revenue recognized	(97,880)
Balance, March 31, 2020	82,698
Content
Contract with Customer Asset [Roll Forward]
Balance, June 30, 2019	71,466
Content licensing costs incurred	97,826
Customized software development costs incurred	0
Less: cost of revenue recognized	(92,903)
Balance, March 31, 2020	76,389
Development
Contract with Customer Asset [Roll Forward]
Balance, June 30, 2019	8,336
Content licensing costs incurred	0
Customized software development costs incurred	2,950
Less: cost of revenue recognized	(4,977)
Balance, March 31, 2020	$ 6,309

Summary of business and signi_8

Summary of business and significant accounting policies - Concentration of Risk and Significant Customers (Details) - Customer Concentration Risk	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Ford Motor Company | Sales Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	48.00%	59.00%	46.00%	64.00%
Ford Motor Company | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage			43.00%		33.00%
GM | Sales Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	39.00%	21.00%	31.00%	19.00%
GM | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage			37.00%		15.00%
Grab | Sales Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%		10.00%
Xevo Inc | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage			10.00%		29.00%

Summary of business and signi_9

Summary of business and significant accounting policies - Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted cash	$ 1,541	$ 1,950	$ 1,915

Summary of business and sign_10

Summary of business and significant accounting policies - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 106,481	$ 99,430	$ 90,640	$ 108,883
Other comprehensive income (loss) before reclassifications, net of tax			(513)
Amount reclassified from accumulated other comprehensive loss, net of tax			(14)
Other comprehensive income (loss), net of tax	(466)	287	(527)	132
Ending balance	101,909	93,897	101,909	93,897
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,538)	(2,010)	(1,477)	(1,855)
Ending balance	(2,004)	$ (1,723)	(2,004)	$ (1,723)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			(1,623)
Other comprehensive income (loss) before reclassifications, net of tax			(267)
Amount reclassified from accumulated other comprehensive loss, net of tax			0
Other comprehensive income (loss), net of tax			(267)
Ending balance	(1,890)		(1,890)
Unrealized Gains (Losses) on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance			146
Other comprehensive income (loss) before reclassifications, net of tax			(246)
Amount reclassified from accumulated other comprehensive loss, net of tax			(14)
Other comprehensive income (loss), net of tax			(260)
Ending balance	$ (114)		$ (114)

Summary of business and sign_11

Summary of business and significant accounting policies - Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jul. 01, 2019	Jun. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 7,909		$ 0
Operating lease liability	$ 8,946
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 11,700
Operating lease liability		$ 13,000

Net income (loss) per share (De

Net income (loss) per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2020	Mar. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (loss) from continuing operations	$ (733)			$ (5,534)			$ 12,361	$ (15,737)
Loss on discontinued operations	0			(1,947)			(4,042)	(3,895)
Net income (loss)	$ (733)	$ 13,006	$ (3,954)	$ (7,481)	$ (4,581)	$ (7,570)	$ 8,319	$ (19,632)
Shares used to compute basic income (loss) per share (in shares)	47,902			45,585			48,053	45,347
Dilutive potential common shares:
Shares used to compute diluted income (loss) per share (in shares)	47,902			45,585			49,022	45,347
Basic income (loss) per share:
Loss from continuing operations (in dollars per share)	$ (0.02)			$ (0.12)			$ 0.26	$ (0.35)
Loss on discontinued operations (in dollars per share)	0			(0.04)			(0.08)	(0.09)
Net income (loss) (in dollars per share)	(0.02)			(0.16)			0.17	(0.43)
Diluted income (loss) per share:
Loss from continuing operations (in dollars per share)	(0.02)			(0.12)			0.25	(0.35)
Loss on discontinued operations (in dollars per share)	0			(0.04)			(0.08)	(0.09)
Net income (loss) (in dollars per share)	$ (0.02)			$ (0.16)			$ 0.17	$ (0.43)
Potential common stock equivalents not included in the calculation of diluted income per share as the effect would be anti-dilutive (in shares)	0			0			1,748	0
Performance-based restricted stock units
Diluted income (loss) per share:
Potential common stock equivalents not included in the calculation of diluted income per share as the effect would be anti-dilutive (in shares)							1,300
Stock options
Dilutive potential common shares:
Dilutive potential common shares (in shares)	0			0			50	0
Restricted stock units
Dilutive potential common shares:
Dilutive potential common shares (in shares)	0			0			909	0
Employee stock purchase plan
Dilutive potential common shares:
Dilutive potential common shares (in shares)	0			0			10	0

Cash, cash equivalents and sh_3

Cash, cash equivalents and short-term investments - Summary of cash, cash equivalents and short-term investments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Cash	$ 15,594	$ 25,987
Total cash equivalents	882	1,288
Total cash and cash equivalents	16,476	27,275	$ 21,254
Debt securities
Amortized Cost	107,243	70,493
Unrealized Gains	448	404
Unrealized Losses	(418)	(43)
Estimated Fair Value	107,273	70,854
Marketable equity securities
Amortized Cost		250
Unrealized Gains		1,099
Unrealized Losses		0
Estimated Fair Value		1,349
Short-term investments
Amortized Cost		70,743
Unrealized Gains		1,503
Unrealized Losses		(43)
Estimated Fair Value	107,273	72,203
Cash, cash equivalents and short-term investments
Amortized Cost	123,719	98,018
Unrealized Gains	448	1,503
Unrealized Losses	(418)	(43)
Estimated Fair Value	123,749	99,478
U.S. treasury securities
Debt securities
Amortized Cost	2,615	3,570
Unrealized Gains	54	6
Unrealized Losses	0	(4)
Estimated Fair Value	2,669	3,572
U.S. agency securities
Debt securities
Amortized Cost	3,809	3,002
Unrealized Gains	62	9
Unrealized Losses	0	(2)
Estimated Fair Value	3,871	3,009
Asset-backed securities
Debt securities
Amortized Cost	20,610	12,319
Unrealized Gains	106	104
Unrealized Losses	(74)	(10)
Estimated Fair Value	20,642	12,413
Municipal securities
Debt securities
Amortized Cost	9,415	4,124
Unrealized Gains	43	16
Unrealized Losses	0	0
Estimated Fair Value	9,458	4,140
Commercial paper
Debt securities
Amortized Cost	3,193	1,986
Unrealized Gains	2	0
Unrealized Losses	0	0
Estimated Fair Value	3,195	1,986
Corporate bonds
Debt securities
Amortized Cost	67,601	45,492
Unrealized Gains	181	269
Unrealized Losses	(344)	(27)
Estimated Fair Value	67,438	45,734
Money market mutual funds
Debt Securities, Available-for-sale [Line Items]
Total cash equivalents	382	790
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Total cash equivalents	$ 500	$ 498

Cash, cash equivalents and sh_4

Cash, cash equivalents and short-term investments - Summary of Fair Value and Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2020USD ($)security	Jun. 30, 2019USD ($)security
Fair Value
Less than 12 Months	$ 47,761	$ 5,093
12 Months or Greater	0	22,142
Total	47,761	27,235
Unrealized Losses
Less than 12 Months	(418)	(4)
12 Months or Greater	0	(41)
Total	$ (418)	$ (45)
Number of Positions
Less than 12 Months (securities) | security	131	11
12 Months or Greater (securities) | security	0	51
U.S. treasury securities
Fair Value
Less than 12 Months		$ 0
12 Months or Greater		2,992
Total		2,992
Unrealized Losses
Less than 12 Months		0
12 Months or Greater		(5)
Total		(5)
U.S. agency securities
Fair Value
Less than 12 Months		0
12 Months or Greater		998
Total		998
Unrealized Losses
Less than 12 Months		0
12 Months or Greater		(1)
Total		(1)
Asset-backed securities
Fair Value
Less than 12 Months	$ 7,671	0
12 Months or Greater	0	3,537
Total	7,671	3,537
Unrealized Losses
Less than 12 Months	(74)	0
12 Months or Greater	0	(11)
Total	(74)	(11)
Commercial paper
Fair Value
Less than 12 Months		493
12 Months or Greater		0
Total		493
Unrealized Losses
Less than 12 Months		(1)
12 Months or Greater		0
Total		(1)
Corporate bonds
Fair Value
Less than 12 Months	40,090	4,600
12 Months or Greater	0	14,615
Total	40,090	19,215
Unrealized Losses
Less than 12 Months	(344)	(3)
12 Months or Greater	0	(24)
Total	$ (344)	$ (27)

Cash, cash equivalents and sh_5

Cash, cash equivalents and short-term investments - Summary of cost and estimated fair value of short-term investments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Amortized Cost
Due within one year	$ 44,564
Due between one and two years	44,235
Due between two and three years	18,444
Amortized Cost	107,243	$ 70,493
Estimated Fair Value
Due within one year	44,549
Due between one and two years	44,345
Due between two and three years	18,379
Total	$ 107,273	$ 70,854

- Fair Value of Financial Instr

- Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 883		$ 1,288
Total short-term investments	107,273		70,854
Marketable equity securities			1,349
Estimated Fair Value	107,273		72,203
Cash equivalents and short-term investments	108,156		73,491
Accretion of net premium on short-term investments	(157)	$ 15
Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	383		790
Total short-term investments	2,669		3,572
Marketable equity securities			1,349
Estimated Fair Value			4,921
Cash equivalents and short-term investments	3,052		5,711
Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	500		498
Total short-term investments	104,604		67,282
Marketable equity securities			0
Estimated Fair Value			67,282
Cash equivalents and short-term investments	105,104		67,780
Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		0
Total short-term investments	0		0
Marketable equity securities			0
Estimated Fair Value			0
Cash equivalents and short-term investments	0		0
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	2,669		3,572
U.S. treasury securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	2,669		3,572
U.S. treasury securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
U.S. treasury securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,871		3,009
U.S. agency securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
U.S. agency securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,871		3,009
U.S. agency securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	20,642		12,413
Asset-backed securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Asset-backed securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	20,642		12,413
Asset-backed securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	9,458		4,140
Municipal securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Municipal securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	9,458		4,140
Municipal securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,195		1,986
Commercial paper | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Commercial paper | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,195		1,986
Commercial paper | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	67,438		45,734
Corporate bonds | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Corporate bonds | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	67,438		45,734
Corporate bonds | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Money market mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	383		790
Money market mutual funds | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	383		790
Money market mutual funds | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		0
Money market mutual funds | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	500		498
Commercial paper | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		0
Commercial paper | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	500		498
Commercial paper | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0		$ 0

Fair value of financial instr_3

Fair value of financial instruments - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jan. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Aug. 31, 2019	Aug. 16, 2019	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities										$ 1,349,000
Unrealized gain (loss) on non-marketable equity securities			$ 0	$ 1,260,000
Non-marketable equity investments	$ 6,670,000		6,670,000							458,000
Income related to proportionate share of equity investment	(103,000)	$ 0	694,000	$ 0
Non-marketable debt investments	$ 5,500,000		$ 5,500,000							0
Grab
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment					$ 6,200,000
inMarket Media, LLC
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment								$ 19,800,000
Series B Preferred Stock Units and Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment					4,000,000
Preferred Units
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment					3,600,000
Convertible Note Receivable 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes receivable, interest rate	6.50%		6.50%
Convertible Note Receivable 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes receivable, interest rate							6.00%
Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities										$ 0
Significant Unobservable Inputs | Convertible Note Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable debt investments	$ 5,500,000		$ 5,500,000
Significant Unobservable Inputs | Convertible Note Receivable 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable debt investments						$ 1,500,000
Significant Unobservable Inputs | Convertible Note Receivable 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable debt investments	4,000,000		4,000,000				$ 2,000,000
Additional convertible note receivable	2,000,000
Warrant
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities	$ 448,000		$ 448,000		$ 448,000
Discontinued Operations, Disposed of by Sale | Ads Business
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Member interest value								$ 15,600,000	$ 15,600,000

Leases - Schedule of operating

Leases - Schedule of operating lease maturity (Details) $ in Thousands	Mar. 31, 2020USD ($)
Leases [Abstract]
2020	$ 868
2021	3,119
2022	2,753
2023	2,310
2024	619
Total lease payments	9,669
Less: imputed interest	(723)
Total operating lease liabilities	$ 8,946

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2020USD ($)
Leases [Abstract]
Operating lease cost	$ 833	$ 2,400
Weighted average remaining operating lease term	3 years 1 month 6 days	3 years 1 month 6 days
Weighted average discount rate	5.00%	5.00%
Cash payments included in measurement of operating lease liabilities	$ 1,000	$ 2,800

Balance sheet information - Int

Balance sheet information - Intangibles, Other Assets and Accrued Expenses (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Balance Sheet Related Disclosures [Abstract]
Goodwill		$ 14,300		$ 14,300		$ 26,100
Goodwill reduction				11,800
Acquired developed technology		6,775		6,775		13,875
Less accumulated amortization		(6,775)		(6,775)		(12,494)
Intangible assets, net		0		0		1,381
Write-off of intangible assets	$ 945
Amortization of intangible assets		0	$ 218	436	$ 785
Other Assets
Deposits and other assets		1,040		1,040		956
Non-marketable equity investments		6,670		6,670		458
Warrant to purchase non-marketable equity investment units		448		448		0
Non-marketable equity investments accounted for under the equity method		19,846		19,846		0
Non-marketable debt investments		5,500		5,500		0
Total other assets		33,504		33,504		1,414
Accrued Expenses
Accrued compensation and benefits		13,477		13,477		13,288
Accrued royalties		10,599		10,599		21,604
Customer overpayments and related reserves		2,431		2,431		4,291
Other accrued expenses		9,701		9,701		9,716
Total accrued expenses		$ 36,208		$ 36,208		$ 48,899

Deferred revenue and remainin_3

Deferred revenue and remaining performance obligations - Contract with customer, liability (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Contract with Customer, Liability [Roll Forward]
Beginning balance, June 30, 2019		$ 135,135
Revenue recognized that was included in beginning balance		(48,941)
Amount billed, net of revenue recognized that was not included in beginning balance		57,008
Ending balance, March 31, 2020	$ 143,202	143,202
Cumulative adjustment as a result of changes in the estimate of the transaction price	50	402
Revenue recognized from performance obligations satisfied or partially satisfied in previous periods	$ 91	$ 402

Deferred revenue and remainin_4

Deferred revenue and remaining performance obligations - Performance Obligation (Details) $ in Millions	Mar. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation, amount	$ 75.5
Minimum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, remaining duration (in years)	1 year
Maximum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, remaining duration (in years)	7 years

Commitments and contingencies (

Commitments and contingencies (Details) $ in Millions	9 Months Ended
	Mar. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Financial commitments	$ 12.9
Financial commitment, term	5 years

Stock-based compensation - Summ

Stock-based compensation - Summary of stock option activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2020
Number of Shares
Beginning balance (shares)	3,409
Granted (shares)	55
Exercised (shares)	(1,343)
Canceled or expired (shares)	(402)
Ending balance (shares)	1,719
Options vested and expected to vest (shares)	1,695
Options exercisable (shares)	1,442
Weighted Average Exercise Price
Weighted average exercise (in dollars per share)	$ 6.49
Granted (in dollars per share)	4.92
Exercised (in dollars per share)	6.27
Canceled or expired (in dollars per share)	6.58
Weighted average exercise (in dollars per share)	6.60
Options vested and expected to vest (in dollars per share)	6.62
Options exercisable (in dollars per share)	$ 6.86
Weighted Average Remaining Contractual Life
Options outstanding	5 years 3 months
Options vested and expected to vest	5 years 2 months 15 days
Options exercisable	4 years 9 months 3 days
Aggregate Intrinsic Value
Options outstanding	$ 0
Options vested and expected to vest	0
Options exercisable	$ 0

Stock-based compensation - Su_2

Stock-based compensation - Summary of RSU activity (Details) - RSU awards - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2020
Number of Shares
Beginning balance (in shares)	2,637
Granted (in shares)	1,584
Vested (in shares)	(991)
Canceled (shares)	(629)
Ending balance (in shares)	2,601
RSUs outstanding, weighted average remaining contractual life	1 year 6 months 29 days
RSUs outstanding, aggregate intrinsic value	$ 11,237
RSUs expected to vest at period end (in shares)	2,232
RSUs expected to vest, weighted average remaining contractual life	1 year 5 months 19 days
RSUs expected to vest, aggregate intrinsic value	$ 9,643

Stock-based compensation - PSU

Stock-based compensation - PSU (Details) $ in Thousands	1 Months Ended			2 Months Ended	3 Months Ended		7 Months Ended	9 Months Ended		18 Months Ended
	Feb. 29, 2020milestoneinstallmentshares	Sep. 30, 2019milestoneshares	Oct. 31, 2018milestoneshares	Mar. 31, 2020shares	Mar. 31, 2020USD ($)shares	Mar. 31, 2019USD ($)	Mar. 31, 2020shares	Mar. 31, 2020USD ($)shares	Mar. 31, 2019USD ($)	Mar. 31, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense | $					$ 1,959	$ 1,688		$ 5,189	$ 5,611
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance milestones | milestone	4	4	4
Trading days, period	30 days	30 days	30 days
Performance period (in years)	3 years	3 years	3 years
Percentage eligible to vest	25.00%	25.00%	25.00%
Percentage that will vest upon reaching milestone		50.00%	50.00%
Percentage will vest on one year anniversary of performance milestone		50.00%	50.00%
Performance-based RSUs earned (in shares)				0			0	0		0
Stock-based compensation expense | $					$ 528			$ 780
Performance-based RSUs canceled (in shares)								0
Performance-based RSUs outstanding (in shares)				1,300,000	1,300,000		1,300,000	1,300,000		1,300,000
PSU | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	500,000	560,000	240,000
Number of installments | installment	4

Stock-based compensation - Narr

Stock-based compensation - Narrative (Details) - shares	Nov. 20, 2019	Jul. 01, 2019	Nov. 30, 2019	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)				0	0
Equity Incentive Plan 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized (in shares)		1,666,666
Shares expired (in shares)			5,342,000
Equity Incentive Plan 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized (in shares)						483,000
Shares reserved for future issuance (in shares)			5,700,000
Additional shares reserved for future issuance (up to) (in shares)			5,800,000	5,800,000		5,800,000
Termination period from date of adoption	10 years

Stock-based compensation - Su_3

Stock-based compensation - Summary of shares available for grant activity (Details) - shares	4 Months Ended	5 Months Ended	9 Months Ended
	Mar. 31, 2020	Nov. 20, 2019	Mar. 31, 2020	Nov. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant [Roll Forward]
Shares available for grant (in shares)		4,472,000	4,472,000
Shares available for grant (in shares)	5,164,000		5,164,000
Equity Incentive Plan 2009 and 2011
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant [Roll Forward]
Shares available for grant (in shares)	0
Additional shares authorized (in shares)		1,667,000
Granted (in shares)		(1,681,000)
RSUs withheld for taxes in net share settlements (in shares)		251,000
Canceled (in shares)		633,000
Expired (in shares)		(5,342,000)
Shares available for grant (in shares)		0
Equity Incentive Plan 2019
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant [Roll Forward]
Initial shares authorized under 2019 Plan (in shares)	5,700,000
Additional shares authorized (in shares)	483,000
Granted (in shares)	(1,019,000)
Additional shares reserved for future issuance (up to) (in shares)	5,800,000		5,800,000	5,800,000

Stock-based compensation - Empl

Stock-based compensation - Employee Stock Purchase Plans (Details) - ESPP	Nov. 20, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP shares authorized (in shares)	2,500,000
ESPP share purchase price, percent	85.00%

Stock-based compensation - Su_4

Stock-based compensation - Summary of stock-based compensation expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 1,959	$ 1,688	$ 5,189	$ 5,611
Stock option awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	156	378	690	1,211
RSU awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1,672	1,310	4,368	4,400
ESPP
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 131	$ 0	$ 131	$ 0

Stock-based compensation - Assu

Stock-based compensation - Assumptions used to estimate weighted average fair value of options (Details) - Stock options - $ / shares	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	48.00%	39.00%
Expected term	5 years 7 months 24 days	6 years 10 months 13 days
Risk-free interest rate	1.58%	2.99%
Dividend yield	0.00%	0.00%
Weighted average grant date fair value per share (in dollars per share)	$ 2.27	$ 2.32

Stock-based compensation - As_2

Stock-based compensation - Assumptions used to value ESPP purchase rights (Details) - ESPP	1 Months Ended
	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	93.00%
Expected term	22 days
Risk-free interest rate	0.92%
Dividend yield	0.00%

Stock repurchase program (Detai

Stock repurchase program (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended			9 Months Ended
	Feb. 28, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Equity, Class of Treasury Stock [Line Items]
Share repurchase program, authorized amount	$ 20,000
Share repurchase program, term	18 months
Repurchase of common stock		$ 5,300			$ 9,353	$ 1,303
Share repurchase program, shares repurchased (in shares)		925,624			1,692,207
Average purchase price per share (in dollars per share)		$ 5.76			$ 5.53
Share repurchase program, remaining authorized stock repurchases, amount		$ 9,300			$ 9,300
Stock repurchases		5,334	$ 4,019	$ 1,303
Additional Paid-in Capital
Equity, Class of Treasury Stock [Line Items]
Stock repurchases		3,167	2,623	714	5,800
Retained Earnings
Equity, Class of Treasury Stock [Line Items]
Stock repurchases		$ 2,166	$ 1,395	$ 589	$ 3,600

Income taxes (Details)

Income taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 505,000	$ 194,000	$ 1,121,000	$ 1,036,000
Effective tax provision rate			8.00%	(7.00%)
Unrecognized tax benefit	5,200,000		$ 5,200,000		$ 4,600,000
Unrecognized tax benefits that would affect effective tax rate	77,000		77,000		77,000
Interest and penalties related to unrecognized tax positions accrued	$ 0		$ 0		0
Valuation allowance					$ 48,400,000

Sale of Ads Business - Reconcil

Sale of Ads Business - Reconciliation of carrying amounts of major classes of assets and liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Assets
Assets of discontinued operations	$ 0	$ 6,330
Assets of discontinued operations, non-current	0	12,194
Liabilities
Liabilities of discontinued operations	0	3,373
Liabilities of discontinued operations, non-current	$ 0	30
Ads Business | Discontinued Operations, Held-for-sale
Assets
Accounts receivable		6,011
Prepaid and other current assets		319
Assets of discontinued operations		6,330
Property and equipment, net		72
Operating lease right-of-use assets		0
Deferred income taxes, non-current		(59)
Goodwill and intangible assets, net		11,786
Other assets		395
Assets of discontinued operations, non-current		12,194
Liabilities
Accounts payable		974
Accrued expenses		2,399
Operating lease liabilities		0
Liabilities of discontinued operations		3,373
Deferred rent, non-current		30
Operating lease liabilities, non-current		0
Liabilities of discontinued operations, non-current		$ 30

Sale of Ads Business - Reconc_2

Sale of Ads Business - Reconciliations of the major line items constituting loss from operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from operations of Ads Business	$ 0	$ (1,947)	$ 832	$ (3,895)
Ads Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross profit	0		2,279
Research and development	0		697
Sales and marketing	0		750
General and administrative	0		0
Total operating expenses	0		1,447
Provision for (benefit from) income taxes	0		0
Income (loss) from operations of Ads Business	0		832
Ads Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross profit		2,351		8,809
Research and development		1,186		4,121
Sales and marketing		3,098		8,600
General and administrative		0		0
Total operating expenses		4,284		12,721
Provision for (benefit from) income taxes		14		(17)
Income (loss) from operations of Ads Business		(1,947)		(3,895)
Services | Ads Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue - services	0		3,614
Cost of revenue - services	$ 0		$ 1,335
Services | Ads Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue - services		4,529		17,492
Cost of revenue - services		$ 2,178		$ 8,683

Sale of Ads Business - Addition

Sale of Ads Business - Additional Information (Details) - USD ($) $ in Thousands	Aug. 16, 2019	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Aug. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from sale of Advertising business		$ 0	$ 0	$ 4,874	$ 0
Ads Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage ownership received	14.50%
Member interest value	$ 15,600					$ 15,600
Loss from sale of Advertising business				4,900
Severance costs				1,900
Legal and third-party consulting fees				$ 363

Sale of intellectual property_2

Sale of intellectual property and workforce (Details)	1 Months Ended
	Jan. 31, 2020USD ($)employee
Intellectual Property and Workforce in Exchange for Equity Interest
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Employees exchanged for non-marketable equity interest | employee	59
Grab
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity method investment	$ 6,200,000
Capitalized software asset	800,000
Gain on sale	$ 45,000