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Revenue
12 Months Ended
Sep. 30, 2022
Revenue From Contract With Customer [Abstract]  
Revenue

3. Revenue

The following is a disaggregation of revenue within each reportable segment:

 

 

Fiscal Year

 

(In thousands)

2022

 

 

2021

 

 

2020

 

Medical Device

 

 

 

 

 

 

 

 

Product sales

$

27,930

 

 

$

21,777

 

 

$

21,608

 

Royalties

 

30,267

 

 

 

30,781

 

 

 

28,614

 

License fees

 

5,981

 

 

 

16,275

 

 

 

12,020

 

Research, development and other

 

8,211

 

 

 

9,420

 

 

 

9,159

 

Medical Device revenue

 

72,389

 

 

 

78,253

 

 

 

71,401

 

In Vitro Diagnostics

 

 

 

 

 

 

 

 

Product sales

 

26,691

 

 

 

24,701

 

 

 

22,709

 

Research, development and other

 

871

 

 

 

2,182

 

 

 

754

 

In Vitro Diagnostics revenue

 

27,562

 

 

 

26,883

 

 

 

23,463

 

Total Revenue

$

99,951

 

 

$

105,136

 

 

$

94,864

 

 

Contract assets totaled $7.1 million as of each of September 30, 2022 and 2021 on the consolidated balance sheets. Fluctuations in the balance of contract assets result primarily from changes in sales-based and minimum royalties earned, but not collected at each balance sheet date due to payment timing and contractual changes in the normal course of business. For discussion of contract liability (deferred revenue) balances and remaining performance obligations, see Note 4 Collaborative Arrangement.

Revenue from customers that equaled or exceeded 10% of total revenue was as follows:

 

Fiscal Year

 

 

2022

 

 

2021

 

 

2020

 

Abbott

 

11

%

 

 

21

%

 

 

19

%

Medtronic

 

13

%

 

 

13

%

 

 

14

%