Quarterly report pursuant to Section 13 or 15(d)

REVENUES FROM CONTRACTS WITH CUSTOMERS

v3.24.3
REVENUES FROM CONTRACTS WITH CUSTOMERS
9 Months Ended
Sep. 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 September 30, 

Nine-Month Periods Ended September 30, 

($ in thousands)

    

2024

    

2023

    

2024

    

2023

Qbrexza®

$

7,583

$

5,865

$

19,435

$

18,038

Accutane®

 

3,996

 

4,882

 

15,534

 

15,109

Amzeeq®

1,542

2,336

3,503

4,904

Zilxi®

558

681

1,200

1,567

Other / legacy

950

1,515

2,842

4,787

Total product revenues

$

14,629

$

15,279

$

42,514

$

44,405

The Company recognized other revenue as follows:

    

Three-Month Periods Ended September 30,

    

Nine-Month Periods Ended September 30,

($in thousands)

2024

    

2023

2024

    

2023

Non-refundable upfront payment from Maruho

 

$

 

$

19,000

 

$

 

$

19,000

Royalties on sales of Rapifort® Wipes 2.5%

260

519

Total other revenue

$

$

19,260

$

$

19,519

Significant Customers

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

At September 30, 2024, one of the Company’s customers accounted for more than 10% of its total accounts receivable balance at 12.4%. At December 31, 2023, one of the Company’s customers accounted for more than 10% of its total accounts receivable balance at 13.0%.