XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net product revenues $ 117,206 $ 80,732 $ 309,547 $ 214,227
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Sales-based, Trademark and Tiered Royalties Sales-based, Trademark and Tiered Royalties Sales-based, Trademark and Tiered Royalties Sales-based, Trademark and Tiered Royalties
Cost of product sold $ 22,959 $ 14,604 $ 56,596 $ 37,701
Cost, Product and Service [Extensible Enumeration] Sales-based, Trademark and Tiered Royalties Sales-based, Trademark and Tiered Royalties Sales-based, Trademark and Tiered Royalties Sales-based, Trademark and Tiered Royalties
Gross profit $ 94,247 $ 66,128 $ 252,951 $ 176,526
Operating expenses:        
Research and development 40,548 11,739 60,794 22,916
Sales and marketing 20,467 16,480 58,210 49,009
General and administrative 21,331 16,856 61,374 45,704
Total operating expenses 82,346 45,075 180,378 117,629
Operating income 11,901 21,053 72,573 58,897
Loss on debt extinguishment   (26,146)   (26,146)
Other expense (income), net 56   96 (15)
Interest expense, net (3,990) (5,429) (12,086) (19,783)
Income (loss) before income taxes 7,967 (10,522) 60,583 12,953
Income tax benefit (expense) 79,976 902 72,376 (1,070)
Net income 87,943 (9,620) 132,959 11,883
Unrealized loss on investments (149)   (178)  
Comprehensive income $ 87,794 $ (9,620) $ 132,781 $ 11,883
EARNINGS PER SHARE:        
Basic $ 1.48 $ (0.17) $ 2.25 $ 0.21
Diluted $ 1.44 $ (0.17) $ 2.18 $ 0.20
Weighted average number of shares of common stock - basic 59,234,720 57,722,163 59,070,063 57,188,101
Weighted average number of shares of common stock - diluted 61,207,625 57,722,163 60,921,482 58,776,158