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Revenue
3 Months Ended
Dec. 31, 2022
Revenue From Contract With Customer [Abstract]  
Revenue

2. Revenue

The following table presents the Company’s revenues disaggregated by product classification and by reportable segment.

 

Three Months Ended December 31,

 

(In thousands)

2022

 

 

2021

 

Medical Device

 

 

Product sales

$

8,380

 

 

$

6,788

 

Royalties

 

7,409

 

 

 

6,886

 

License fees

 

1,356

 

 

 

1,213

 

Research, development and other

 

1,873

 

 

 

2,021

 

Medical Device Revenue

 

19,018

 

 

 

16,908

 

In Vitro Diagnostics

 

 

 

 

 

Product sales

 

5,854

 

 

 

5,556

 

Research, development and other

 

61

 

 

 

539

 

In Vitro Diagnostics Revenue

 

5,915

 

 

 

6,095

 

Total Revenue

$

24,933

 

 

$

23,003

 

Contract assets totaled $7.0 million and $7.1 million as of December 31, 2022 and September 30, 2022, respectively, on the condensed 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 3 Collaborative Arrangement.