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Revenue (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

Net product revenues by product for the three and six months ended June 30, 2022 and 2021 were as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YUTIQ (A)

 

$

7,421

 

 

$

4,166

 

 

$

12,032

 

 

$

7,196

 

DEXYCU (B)

 

 

3,897

 

 

 

4,572

 

 

 

8,296

 

 

 

8,344

 

Total product sales, net

 

$

11,318

 

 

$

8,738

 

 

$

20,328

 

 

$

15,540

 

 

(a)
Included approximately $11 and $67 of revenue from YUTIQ product sales to Ocumension under a supply agreement for the three and six months ended June 30, 2022, respectively, and approximately $14 and $19 of revenue from YUTIQ product sales to Ocumension under a supply agreement for the three and six months ended June 30, 2021, respectively.
(b)
No revenue was recognized from DEXYCU product sales to Ocumension under a supply agreement for the three and six months ended June 30, 2022, and no revenue was recognized from DEXYCU product sales to Ocumension for the three and six months ended June 30, 2021.
Product Revenue Allowances and Reserves

The following table summarizes activity in each of the product revenue allowance and reserve categories for the six months ended June 30, 2022 and 2021 (in thousands):

 

 

 

Chargebacks,
Discounts

 

 

Government
and Other

 

 

 

 

 

 

 

 

 

and Fees

 

 

Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2022

 

$

1,153

 

 

$

1,821

 

 

$

379

 

 

$

3,353

 

Provision related to sales in the current year

 

 

6,580

 

 

 

3,554

 

 

 

329

 

 

 

10,463

 

Adjustments related to prior period sales

 

 

 

 

 

 

 

 

 

 

 

 

Deductions applied and payments made

 

 

(5,698

)

 

 

(3,490

)

 

 

(198

)

 

 

(9,386

)

Ending balance at June 30, 2022

 

$

2,035

 

 

$

1,885

 

 

$

510

 

 

$

4,430

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chargebacks,
Discounts

 

 

Government
and Other

 

 

 

 

 

 

 

 

 

and Fees

 

 

Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2021

 

$

574

 

 

$

535

 

 

$

603

 

 

$

1,712

 

Provision related to sales in the current year

 

 

2,932

 

 

 

1,965

 

 

 

497

 

 

 

5,394

 

Adjustments related to prior period sales

 

 

(50

)

 

 

(22

)

 

 

(100

)

 

 

(172

)

Deductions applied and payments made

 

 

(2,229

)

 

 

(1,121

)

 

 

(581

)

 

 

(3,931

)

Ending balance at June 30, 2021

 

$

1,227

 

 

$

1,357

 

 

$

419

 

 

$

3,003