XML 50 R37.htm IDEA: XBRL DOCUMENT v3.22.4
Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of disaggregation of revenue
The following table summarizes revenue by revenue source as follows:
Year Ended December 31,
Major Products/Service Lines
(in thousands)
202220212020
    Product revenue, net(1)
$887,038 $400,356 $327,695 
    License and royalty revenues(2)
48,023 24,852 11,715 
Total revenues$935,061 $425,208 $339,410 
______________________________
(1)The Company’s principal products include PYLARIFY, DEFINITY, and TechneLite and are categorized within product revenue, net. The Company applies the same revenue recognition policies and judgments for all of its principal products.
(2)The Company recognized $24.0 million license revenue in the first quarter of 2022 related to an agreement with Novartis Pharma AG.
Revenue by product category on a net basis is as follows:
Year Ended December 31,
(in thousands)202220212020
DEFINITY$244,993 $232,759 $195,865 
TechneLite88,864 91,293 84,945 
Other precision diagnostics22,825 26,973 36,824 
Total precision diagnostics356,682 351,025 317,634 
PYLARIFY527,405 43,414 — 
Other radiopharmaceutical oncology4,102 5,473 10,022 
Total radiopharmaceutical oncology531,507 48,887 10,022 
Strategic Partnerships and other revenue46,872 25,296 11,754 
Total revenues$935,061 $425,208 $339,410 
Schedule of valuation and qualifying accounts
An analysis of the amount of, and change in, reserves is summarized as follows:
(in thousands)Rebates and
Allowances
Balance, January 1, 2021$9,350 
Provision related to current period revenues25,772 
Adjustments relating to prior period revenues14 
Payments or credits made during the period(24,159)
Balance, December 31, 202110,977 
Provision related to current period revenues26,683 
Adjustments relating to prior period revenues70 
Payments or credits made during the period(24,331)
Balance, December 31, 2022$13,399 
Schedule of contracts with customer The Company recognized certain revenues as follows:
Year Ended December 31,
(in thousands)20222021
Amounts included in the contract liability at the beginning of the period$244 $33