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Revenue
6 Months Ended
Jun. 30, 2022
Revenue  
Revenue

2.        Revenue

The Company recorded net revenue of $60.2 million and $120.3 million during the three and six months ended June 30, 2022, respectively, and $87.6 million and $170.7 million during the three and six months ended June 30, 2021, respectively.

Gross revenues by significant customer as a percentage of total gross revenues are as follows:

    

Three Months Ended

Six Months Ended

 

June 30, 2022

 

June 30, 2021

June 30, 2022

 

June 30, 2021

 

McKesson Corporation

 

36

%

39

%

37

%

39

%

AmeriSource-Bergen Corporation

 

46

%

38

%

45

%

38

%

Cardinal Health, Inc.

 

17

%

22

%

17

%

21

%

Product Sales Discounts and Allowances

The activities and ending reserve balances for each significant category of discounts and allowances, which constitute variable consideration, were as follows:

Six Months Ended June 30, 2022

    

Chargebacks

    

    

Other Fees,

    

and Discounts

Co-pay

for Prompt

Assistance

(in thousands)

Payment

Rebates

and Returns

Total

Balances at December 31, 2021

$

29,665

$

54,004

$

26,054

$

109,723

Provision related to sales made in:

 

Current period

220,178

38,075

39,353

297,606

Prior period

(2,147)

(3,165)

(556)

(5,868)

Payments and customer credits issued

 

(216,130)

(44,816)

(44,402)

(305,348)

Balances at June 30, 2022

$

31,566

$

44,098

$

20,449

$

96,113

Six Months Ended June 30, 2021

    

Chargebacks

    

    

Other Fees,

    

and Discounts

Co-pay

for Prompt

Assistance

(in thousands)

Payment

Rebates

and Returns

Total

Balances at December 31, 2020

$

40,580

$

54,058

$

28,760

$

123,398

Provision related to sales made in:

Current period

 

237,745

61,190

50,039

348,974

Prior period

(2,850)

(1,890)

(2,818)

(7,558)

Payments and customer credits issued

 

(247,641)

 

(52,213)

 

(50,726)

 

(350,580)

Balances at June 30, 2021

$

27,834

$

61,145

$

25,255

$

114,234

Chargebacks and discounts for prompt payment are recorded as a reduction in trade receivables, and the remaining reserve balances are classified as current liabilities in the accompanying unaudited condensed consolidated balance sheets.