Quarterly report pursuant to Section 13 or 15(d)

REVENUES, NET (Tables)

v3.21.2
REVENUES, NET (Tables)
9 Months Ended
Sep. 30, 2021
Revenue From Contract With Customer [Abstract]  
Summary of revenues, net disaggregated by category

Revenues, net disaggregated by category were as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Endari®

 

$

5,590

 

 

$

5,485

 

 

$

17,186

 

 

$

16,548

 

Other

 

 

176

 

 

 

116

 

 

 

404

 

 

 

367

 

Revenues, net

 

$

5,766

 

 

$

5,601

 

 

$

17,590

 

 

$

16,915

 

 

Revenue Allowance and Accrual Activities

The following table summarizes the revenue allowance and accrual activities for the nine months ended September 30, 2021 and September 30, 2020 (in thousands):

 

 

Trade Discounts, Allowances and Chargebacks

 

 

Government Rebates and Other Incentives

 

 

Returns

 

 

Total

 

Balance as of December 31, 2020

 

$

134

 

 

$

2,119

 

 

$

473

 

 

$

2,726

 

Provision related to sales in the current year

 

 

2,374

 

 

 

2,627

 

 

 

188

 

 

 

5,189

 

Adjustments related prior period sales

 

 

13

 

 

 

8

 

 

 

(111

)

 

 

(90

)

Credit and payments made

 

 

(1,217

)

 

 

(2,201

)

 

 

(20

)

 

 

(3,438

)

Balance as of September 30, 2021

 

$

1,304

 

 

$

2,553

 

 

$

530

 

 

$

4,387

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2019

 

$

228

 

 

$

1,354

 

 

$

315

 

 

$

1,897

 

Provision related to sales in the current year

 

 

2,106

 

 

 

2,917

 

 

 

180

 

 

 

5,203

 

Adjustments related prior period sales

 

 

15

 

 

 

(43

)

 

 

(65

)

 

 

(93

)

Credit and payments made

 

 

(2,144

)

 

 

(1,762

)

 

 

 

 

 

(3,906

)

Balance as of September 30, 2020

 

$

205

 

 

$

2,466

 

 

$

430

 

 

$

3,101

 

 

 

Summarizes net revenues from each of our customers accounted for 10% or more of net revenues

The following table summarizes net revenues attributable to each of our customers that accounted for 10% or more of net revenues (as a percentage of net revenues):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Customer A

 

 

31

%

 

 

49

%

 

 

47

%

 

 

52

%

Customer B

 

 

49

%

 

 

32

%

 

 

35

%

 

 

27

%

Customer C

 

 

12

%

 

 

9

%

 

 

10

%

 

 

8

%

Total

 

 

92

%

 

 

90

%

 

 

92

%

 

 

87

%