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Revenue (Tables)
3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Disaggregation of Revenue

Net product revenues by product for the three months ended March 31, 2022 and 2021 were as follows (in thousands):

 

 

Three Months

Ended

 

 

Three Months

Ended

 

 

 

March 31, 2022

 

 

March 31, 2021

 

YUTIQ (A)

 

$

4,611

 

 

$

3,029

 

DEXYCU (B)

 

 

4,399

 

 

 

3,773

 

Total product sales, net

 

$

9,010

 

 

$

6,802

 

 

 

(A)

Included approximately $56 and $5 of revenue from YUTIQ product sales to Ocumension under a supply agreement for the three months ended March 31, 2022 and 2021, respectively.

 

(B)

No revenue was recognized from DEXYCU product sales to Ocumension under a supply agreement for the three months ended March 31, 2022 and 2021.

Product Revenue Allowances and Reserves

The following table summarizes activity in each of the product revenue allowance and reserve categories for the three months ended March 31, 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

 

 

2,674

 

 

 

2,003

 

 

 

140

 

 

 

4,817

 

Adjustments related to prior period sales

 

 

 

 

 

 

 

 

 

 

 

 

Deductions applied and payments made

 

 

(1,904

)

 

 

(1,693

)

 

 

(87

)

 

 

(3,684

)

Ending balance at March 31, 2022

 

$

1,923

 

 

$

2,131

 

 

$

432

 

 

$

4,486

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

1,041

 

 

 

679

 

 

 

171

 

 

 

1,891

 

Adjustments related to prior period sales

 

 

(50

)

 

 

(22

)

 

 

(100

)

 

 

(172

)

Deductions applied and payments made

 

 

(809

)

 

 

(473

)

 

 

(184

)

 

 

(1,466

)

Ending balance at March 31, 2021

 

$

756

 

 

$

719

 

 

$

490

 

 

$

1,965