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Segment Information
9 Months Ended
Sep. 30, 2012
Segment Information  
Segment Information

Note 7. Segment Information

 

The Company operates in one business segment, which primarily focuses on the development and global commercialization of genomic-based clinical laboratory services that analyze the underlying biology of cancer, allowing physicians and patients to make individualized treatment decisions. As of September 30, 2012, the majority of the Company’s product revenues have been derived from sales of one product, the Oncotype DX breast cancer test.

 

The following table summarizes total revenues from customers, payors and collaboration partners by geographic region. Product revenues are attributed to countries based on ship-to location. Contract revenues are attributed to countries based on the location of the collaboration partner.

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

(in thousands)

 

United States

 

$

50,564

 

$

46,966

 

$

155,798

 

$

138,853

 

Outside of the United States

 

8,084

 

5,092

 

18,948

 

13,860

 

Total revenues

 

$

58,648

 

$

52,058

 

$

174,746

 

$

152,713

 

 

Medicare payments for the three and nine months ended September 30, 2012 accounted for approximately 21% and 23%, respectively, of the Company’s product revenues compared to 22% and 21% for the three and nine months ended September 30, 2011, respectively. There were no other customers or payors who individually accounted for 10% or more of product revenues.