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Revenue
6 Months Ended
Mar. 31, 2021
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

 

 

Six Months Ended

 

 

 

March 31,

 

 

March 31,

 

(In thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Medical Device

 

 

 

 

 

 

Product sales

 

$

5,410

 

 

$

5,455

 

 

$

9,971

 

 

$

10,477

 

Royalties

 

 

7,474

 

 

 

6,714

 

 

 

15,383

 

 

 

15,613

 

Research, development and other

 

 

2,445

 

 

 

2,628

 

 

 

4,746

 

 

 

4,862

 

License fees

 

 

12,578

 

 

 

1,507

 

 

 

14,003

 

 

 

2,756

 

Total Revenue — Medical Device

 

 

27,907

 

 

 

16,304

 

 

 

44,103

 

 

 

33,708

 

In Vitro Diagnostics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product sales

 

 

6,373

 

 

 

6,315

 

 

 

11,914

 

 

 

11,267

 

Research, development and other

 

 

715

 

 

 

203

 

 

 

1,275

 

 

 

463

 

Total Revenue — In Vitro Diagnostics

 

 

7,088

 

 

 

6,518

 

 

 

13,189

 

 

 

11,730

 

Total Revenue

 

$

34,995

 

 

$

22,822

 

 

$

57,292

 

 

$

45,438

 

Contract assets totaled $6.6 million and $6.1 million as of March 31, 2021 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.