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Description of Business (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Segment Revenues and Significant Expense Categories in Consolidated Statements of Operations The table below shows the details

of the Company’s segment revenues and significant expense categories regularly provided to and reviewed by the CODM and other significant segment items included in consolidated net income (loss) in the consolidated statements of operations:

 

 

Year Ended December 31,

 

Revenues

 

2024

 

 

2023

 

 

2022

 

Afrezza

 

$

64,041

 

 

$

54,914

 

 

$

43,316

 

V-Go

 

 

18,288

 

 

 

19,115

 

 

 

12,931

 

Collaborations and services

 

 

100,840

 

 

 

52,954

 

 

 

27,924

 

Royalties

 

 

102,335

 

 

 

71,979

 

 

 

15,599

 

Total revenues

 

 

285,504

 

 

 

198,962

 

 

 

99,770

 

Less significant segment expenses (income):

 

 

 

 

 

 

 

 

 

Cost of goods sold – commercial

 

 

17,429

 

 

 

20,863

 

 

 

16,003

 

Cost of revenue – collaborations and services

 

 

59,173

 

 

 

41,908

 

 

 

41,494

 

Research and development

 

 

45,893

 

 

 

31,283

 

 

 

19,721

 

Selling

 

 

49,191

 

 

 

51,776

 

 

 

53,753

 

General and administrative

 

 

45,138

 

 

 

42,538

 

 

 

37,720

 

Interest income, net

 

 

(12,615

)

 

 

(6,154

)

 

 

(2,513

)

Interest expense, net

 

 

37,981

 

 

 

25,161

 

 

 

24,769

 

Loss on settlement of debt

 

 

20,444

 

 

 

 

 

 

 

Other segment items(1)

 

 

(4,718

)

 

 

3,525

 

 

 

(3,777

)

Consolidated net income (loss)

 

$

27,588

 

 

$

(11,938

)

 

$

(87,400

)

_________________________

(1)
Includes primarily (gain) loss on foreign currency transaction and gain on bargain purchase, offset by loss on available-for-sale securities and income tax expense.