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Revenue (Tables)
6 Months Ended
Jun. 30, 2021
Revenue From Contract With Customer [Abstract]  
Disaggregation of Revenue

Net product revenues by product for the three and six months ended June 30, 2021 and 2020 were as follows (in thousands):

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

YUTIQ (A)

 

$

4,166

 

 

$

2,879

 

 

$

7,196

 

 

$

6,454

 

DEXYCU (B)

 

 

4,572

 

 

 

827

 

 

 

8,344

 

 

 

1,939

 

Total product sales, net

 

$

8,738

 

 

$

3,706

 

 

$

15,540

 

 

$

8,393

 

 

 

(A)

Included approximately $14,000 and $11,000 of revenue from YUTIQ product sales to Ocumension for the three months ended June 30, 2021 and 2020, respectively. Included approximately $19,000 and $11,000 of revenue from YUTIQ product sales to Ocumension for the six months ended June 30, 2021 and 2020, respectively.

 

 

(B)

No revenue was recognized from DEXYCU product sales to Ocumension for the three and six months ended June 30, 2021 and 2020.

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, 2021 and 2020, respectively (in thousands):

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chargebacks,

Discounts

 

 

Government

and Other

 

 

 

 

 

 

 

 

 

 

 

and Fees

 

 

Rebates

 

 

Returns

 

 

Total

 

Beginning balance at January 1, 2020

 

$

1,618

 

 

$

271

 

 

$

352

 

 

$

2,241

 

Provision related to sales in the current year

 

 

864

 

 

 

247

 

 

 

436

 

 

 

1,547

 

Adjustments related to prior period sales

 

 

(387

)

 

 

 

 

 

50

 

 

 

(337

)

Deductions applied and payments made

 

 

(1,185

)

 

 

(400

)

 

 

(324

)

 

 

(1,909

)

Ending balance at June 30, 2020

 

$

910

 

 

$

118

 

 

$

514

 

 

$

1,542