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Revenue
3 Months Ended
Dec. 31, 2020
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)

 

2020

 

 

2019

 

Medical Device

 

 

 

Product sales

 

$

4,561

 

 

$

5,023

 

Royalties

 

 

7,909

 

 

 

8,898

 

Research, development and other

 

 

2,301

 

 

 

2,234

 

License fees

 

 

1,425

 

 

 

1,249

 

Total Revenue — Medical Device

 

 

16,196

 

 

 

17,404

 

In Vitro Diagnostics

 

 

 

 

 

 

 

 

Product sales

 

 

5,541

 

 

 

4,952

 

Research, development and other

 

 

560

 

 

 

260

 

Total Revenue — In Vitro Diagnostics

 

 

6,101

 

 

 

5,212

 

Total Revenue

 

$

22,297

 

 

$

22,616

 

Contract assets totaled $6.6 million and $6.1 million as of December 31, 2020 and September 30, 2020, respectively. 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 Arrangements.