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Revenue
9 Months Ended
Jun. 30, 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

 

 

Nine Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Medical Device

 

 

 

 

 

 

Product sales

 

$

5,493

 

 

$

5,763

 

 

$

15,464

 

 

$

16,240

 

Royalties

 

 

7,752

 

 

 

4,752

 

 

 

23,135

 

 

 

20,365

 

Research, development and other

 

 

2,466

 

 

 

2,353

 

 

 

7,212

 

 

 

7,215

 

License fees

 

 

1,044

 

 

 

7,646

 

 

 

15,047

 

 

 

10,402

 

Total Revenue — Medical Device

 

 

16,755

 

 

 

20,514

 

 

 

60,858

 

 

 

54,222

 

In Vitro Diagnostics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product sales

 

 

6,591

 

 

 

6,224

 

 

 

18,505

 

 

 

17,491

 

Research, development and other

 

 

527

 

 

 

145

 

 

 

1,802

 

 

 

608

 

Total Revenue — In Vitro Diagnostics

 

 

7,118

 

 

 

6,369

 

 

 

20,307

 

 

 

18,099

 

Total Revenue

 

$

23,873

 

 

$

26,883

 

 

$

81,165

 

 

$

72,321

 

Contract assets totaled $7.0 million and $6.1 million as of June 30, 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.