Quarterly report pursuant to Section 13 or 15(d)

REVENUES (Tables)

v3.23.3
REVENUES (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Summary of revenues disaggregated by category

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Endari®

 

$

4,933

 

 

$

4,763

 

 

$

21,925

 

 

$

12,072

 

Other

 

 

85

 

 

 

176

 

 

$

605

 

 

 

388

 

Revenues, net

 

$

5,018

 

 

$

4,939

 

 

$

22,530

 

 

$

12,460

 
Revenue Allowance and Accrual Activities

The following table summarizes the revenue allowance and accrual activities for the nine months ended September 30, 2023 and September 30, 2022 (in thousands):

 

 

 

Trade Discounts, Allowances and Chargebacks

 

 

Government Rebates and Other Incentives

 

 

Returns

 

 

Total

 

Balance as of December 31, 2022

 

$

1,358

 

 

$

3,718

 

 

$

415

 

 

$

5,491

 

Provision related to sales in the current year

 

 

1,677

 

 

 

3,228

 

 

 

387

 

 

 

5,293

 

Adjustments related to prior period sales

 

 

(213

)

 

 

136

 

 

 

25

 

 

 

(52

)

Credits and payments made

 

 

(1,853

)

 

 

(2,300

)

 

 

(442

)

 

 

(4,595

)

Balance as of September 30, 2023

 

$

969

 

 

$

4,782

 

 

$

385

 

 

$

6,136

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2021

 

$

1,481

 

 

$

3,133

 

 

$

539

 

 

$

5,153

 

Provision related to sales in the current year

 

 

1,859

 

 

 

1,828

 

 

 

210

 

 

$

3,897

 

Adjustments related to prior period sales

 

 

(56

)

 

 

18

 

 

 

569

 

 

$

531

 

Credits and payments made

 

 

(2,379

)

 

 

(1,656

)

 

 

(977

)

 

$

(5,012

)

Balance as of September 30, 2022

 

$

905

 

 

$

3,323

 

 

$

341

 

 

$

4,569

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

The following table summarizes revenues attributable to each of our customers that accounted for 10% or more of our net revenues in the periods shown:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Customer A

 

 

32

%

 

 

8

%

 

 

20

%

 

 

23

%

Customer B

 

 

21

%

 

 

35

%

 

 

16

%

 

 

27

%

Customer C

 

 

12

%

 

 

13

%

 

 

9

%

 

 

12

%

Customer D

 

 

21

%

 

 

15

%

 

 

20

%

 

 

11

%

Customer E

 

 

5

%

 

 

0

%

 

 

14

%

 

 

4

%