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Revenue
3 Months Ended
Dec. 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 December 31,

 

(In thousands)

 

2021

 

 

2020

 

Medical Device

 

 

 

Product sales

 

$

6,788

 

 

$

4,561

 

Royalties

 

 

6,886

 

 

 

7,909

 

License fees

 

 

1,213

 

 

 

1,425

 

Research, development and other

 

 

2,021

 

 

 

2,301

 

Medical Device Revenue

 

 

16,908

 

 

 

16,196

 

In Vitro Diagnostics

 

 

 

 

 

 

 

 

Product sales

 

 

5,556

 

 

 

5,541

 

Research, development and other

 

 

539

 

 

 

560

 

In Vitro Diagnostics Revenue

 

 

6,095

 

 

 

6,101

 

Total Revenue

 

$

23,003

 

 

$

22,297

 

 

Contract assets totaled $6.7 million and $7.1 million as of December 31, 2021 and September 30, 2021, 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 Arrangement.