Quarterly report pursuant to Section 13 or 15(d)

REVENUES FROM CONTRACTS WITH CUSTOMERS

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REVENUES FROM CONTRACTS WITH CUSTOMERS
6 Months Ended
Jun. 30, 2024
REVENUES FROM CONTRACTS WITH CUSTOMERS  
REVENUES FROM CONTRACTS WITH CUSTOMERS

NOTE 15. REVENUES FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Net Revenues

The Company has the following actively marketed products, Qbrexza®, Amzeeq®, Zilxi®, Accutane®, Exelderm®, Targadox®, and Luxamend®. All of the Company’s product revenues are recorded in the U.S.

Revenues by product are summarized as follows:

Three-Month Periods Ended June 30, 

Six-Month Periods Ended June 30, 

($ in thousands)

    

2024

    

2023

    

2024

    

2023

Qbrexza®

$

6,836

$

8,079

$

11,853

$

12,173

Accutane®

 

5,719

 

5,579

 

11,538

 

10,227

Amzeeq®

1,205

1,374

1,960

2,568

Zilxi®

369

572

642

886

Other / legacy

726

1,357

1,892

3,272

Total product revenues

$

14,855

$

16,961

$

27,885

$

29,126

The Company recognized other revenue as follows:

    

Three-Month Periods Ended June 30,

    

Six-Month Periods Ended June 30,

($in thousands)

2024

    

2023

2024

    

2023

Other revenue

 

 

211

 

 

259

Total other revenue

$

$

211

$

$

259

Significant Customers

For the three and six-month periods ended June 30, 2024 and 2023 there were no customers that accounted for more than 10% of the Company’s total gross product revenue.

At June 30, 2024, two of the Company’s customers accounted for more than 10% of its total accounts receivable balance at 18.0% and 10.8%. At December 31, 2023, one of the Company’s customers accounted for more than 10% of its total accounts receivable balance at 13.0%.