v3.23.1
Product Revenues, Accounts Receivable, and Reserves for Product Sales (Tables)
3 Months Ended
Mar. 31, 2023
Product Revenues Accounts Receivable And Reserves For Product Sales [Abstract]  
Schedule of Disaggregation of Product Revenue by Major Source

The table reflects product revenue by major source for the following periods (in thousands):

 

 

 

Three Months Ended March31,

 

 

 

2023

 

 

2022

 

 Products:

 

 

 

 

 

 

 EMPAVELI

 

$

20,440

 

 

$

12,109

 

 SYFOVRE

 

 

18,360

 

 

 

—

 

 Total Product revenue, net

 

$

38,800

 

 

$

12,109

 

Summary of Product Revenue Allowance and Reserve Categories

The following table summarizes activity in each of the product revenue allowance and reserve categories for the three months ended March 31, 2023 (in thousands):

 

 

 

Chargebacks, Discounts, and Fees

 

 

Government and other rebates

 

 

Returns

 

 

Total

 

 Ending balance at December 31, 2022

 

$

164

 

 

$

1,936

 

 

$

251

 

 

 

2,351

 

 Provision related to sales in the current year

 

 

1,466

 

 

 

2,566

 

 

651

 

 

 

4,683

 

 Adjustments related to prior period sales

 

 

—

 

 

 

(2

)

 

 

(249

)

 

 

(251

)

 Credits and payments made

 

 

(184

)

 

 

(1,639

)

 

 

—

 

 

 

(1,823

)

 Ending balance at March 31, 2023

 

$

1,446

 

 

$

2,861

 

 

$

653

 

 

$

4,960

 

Schedule of Customer Accounted for 10% of More of Gross Product Revenues and Accounts Receivable

Significant customers - Gross product revenues and product sales receivable from the Company's customers who individually accounted for 10% of more of total gross product revenues and/or 10% or more of total product sales receivable consisted of the following:

 

 

 

Percent of Total Gross Product Revenues

 

 

 

Three Months Ended March31,

 

 

 

2023

 

2022

 

 Customer A

 

52%

 

98%

 

 Customer D

 

33%

 

 

—

 

 

 

 

Percent of Product Sales Receivable

 

 

 

As of March 31,

 

 

 

2023

 

2022

 

 Customer A

 

25%

 

18%

 

 Customer C

 

15%

 

 

—

 

 Customer D

 

52%

 

 

—