Quarterly report [Sections 13 or 15(d)]

Revenues (Tables)

v3.25.2
Revenues (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue From Contract With Customer [Abstract]  
Summary of revenues disaggregated by category

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

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Endari®

$

2,797

 

 

99

%

 

$

5,351

 

 

100

%

 

$

5,050

 

 

97

%

 

$

7,695

 

 

98

%

Other

 

20

 

 

1

%

 

 

26

 

 

0

%

 

 

173

 

 

3

%

 

 

188

 

 

2

%

Revenues, net

 

2,817

 

 

100

%

 

 

5,377

 

 

100

%

 

 

5,223

 

 

100

%

 

 

7,883

 

 

100

%
Revenue Allowance and Accrual Activities

The following table summarizes the revenue allowance and accrual activities for the six months ended June 30, 2025 and June 30, 2024 (in thousands):

 

Trade Discounts, Allowances and Chargebacks

 

 

Government Rebates and Other Incentives

 

 

Returns

 

 

Total

 

Balance as of January 1, 2025

$

1,135

 

 

$

6,812

 

 

$

138

 

 

$

8,085

 

Provision related to sales in the current year

 

390

 

 

 

1,595

 

 

 

55

 

 

 

2,040

 

Adjustments related to prior period sales

 

(2

)

 

 

27

 

 

 

—

 

 

 

25

 

Credits and payments made

 

(566

)

 

 

(980

)

 

 

(93

)

 

 

(1,639

)

Balance as of June 30, 2025

$

957

 

 

$

7,454

 

 

$

100

 

 

$

8,511

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2024

$

1,212

 

 

$

5,658

 

 

$

863

 

 

$

7,733

 

Provision related to sales in the current year

 

730

 

 

 

1,759

 

 

 

82

 

 

 

2,571

 

Adjustments related to prior period sales

 

(79

)

 

 

34

 

 

 

—

 

 

 

(45

)

Credits and payments made

 

(746

)

 

 

(765

)

 

 

(884

)

 

 

(2,395

)

Balance as of June 30, 2024

$

1,117

 

 

$

6,686

 

 

$

61

 

 

$

7,864

 

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

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

 

 

Three months ended June 30,

 

Six months ended June 30,

 

2025

 

2024

 

2025

 

2024

 

Customer A

12%

 

38%

 

16%

 

40%

 

Customer B

15%

 

26%

 

28%

 

30%

 

Customer C

27%

 

21%

 

13%

 

15%

 

Customer D

17%

 

4%

 

16%

 

3%

 

Customer E

14%

 

— %

(a)

8%

(a)

— %

(a)

 

(a) Customer E is included in the table above for comparison to show customer has met or exceeded the 10% threshold for the three months period ended June 30, 2025.