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Revenue
12 Months Ended
Sep. 30, 2021
Revenue From Contract With Customer [Abstract]  
Revenue

3. Revenue

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

 

 

 

Fiscal Year

 

(In thousands)

 

2021

 

 

2020

 

 

2019

 

Medical Device

 

 

 

 

 

 

 

 

 

 

 

 

Product sales

 

$

21,777

 

 

$

21,608

 

 

$

18,617

 

Royalties

 

 

30,781

 

 

 

28,614

 

 

 

34,781

 

License fees

 

 

16,275

 

 

 

12,020

 

 

 

13,678

 

Research, development and other

 

 

9,420

 

 

 

9,159

 

 

 

11,277

 

Medical Device Revenue

 

 

78,253

 

 

 

71,401

 

 

 

78,353

 

In Vitro Diagnostics

 

 

 

 

 

 

 

 

 

 

 

 

Product sales

 

 

24,701

 

 

 

22,709

 

 

 

21,390

 

Other

 

 

2,182

 

 

 

754

 

 

 

334

 

In Vitro Diagnostics Revenue

 

 

26,883

 

 

 

23,463

 

 

 

21,724

 

Total Revenue

 

$

105,136

 

 

$

94,864

 

 

$

100,077

 

 

Contract assets totaled $7.1 million and $6.1 million as of September 30, 2021 and 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 4 Collaborative Arrangement.

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

 

 

Fiscal Year

 

 

 

2021

 

 

2020

 

 

2019

 

Abbott

 

 

21

%

 

 

19

%

 

 

19

%

Medtronic

 

 

13

%

 

 

14

%

 

 

14

%