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Description of Business and Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Summary of Revenue and Cost of Revenue and Goods Sold Generated From Product Sales, Services and Royalties

The Company’s net revenue and cost of revenue and goods sold as shown on the condensed consolidated statement of operations is comprised of revenue generated from product sales, services and royalties as shown below (in thousands):

 

 

Three Months
Ended March 31,

 

 

 

2023

 

 

2022

 

Net revenue:

 

 

 

 

 

 

Product sales (1)

 

$

28,726

 

 

$

10,520

 

Services (2)

 

 

222

 

 

 

1,472

 

Royalties (3)

 

 

11,678

 

 

 

 

Total net revenue

 

$

40,626

 

 

$

11,992

 

_________________________

(1)
Amounts represent the net sales of Afrezza and V-Go to wholesalers and specialty pharmacies and Tyvaso DPI to UT.
(2)
Amounts represent revenue generated from the Company's collaboration arrangements, including Next-Gen R&D Services (as defined in Note 10) for UT as well as arrangements with other collaboration partners. See Note 10 – Collaboration, Licensing and Other Arrangements.
(3)
Amounts represent royalties on UT’s net sales of Tyvaso DPI.

 

 

Three Months
Ended March 31,

 

 

 

2023

 

 

2022

 

Cost of goods sold and cost of revenue:

 

 

 

 

 

 

Product sales

 

$

16,028

 

 

$

9,650

 

Services

 

 

185

 

 

 

1,348

 

Total cost of goods sold and cost of revenue

 

$

16,213

 

 

$

10,998