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Revenue
6 Months Ended
Mar. 31, 2022
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 March 31,

 

 

Six Months Ended March 31,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Medical Device

 

 

 

 

 

 

Product sales

 

$

6,441

 

 

$

5,410

 

 

$

13,229

 

 

$

9,971

 

Royalties

 

 

8,358

 

 

 

7,474

 

 

 

15,244

 

 

 

15,383

 

License fees

 

 

1,486

 

 

 

12,578

 

 

 

2,699

 

 

 

14,003

 

Research, development and other

 

 

2,168

 

 

 

2,445

 

 

 

4,189

 

 

 

4,746

 

Medical Device Revenue

 

 

18,453

 

 

 

27,907

 

 

 

35,361

 

 

 

44,103

 

In Vitro Diagnostics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product sales

 

 

7,523

 

 

 

6,373

 

 

 

13,079

 

 

 

11,914

 

Research, development and other

 

 

130

 

 

 

715

 

 

 

669

 

 

 

1,275

 

In Vitro Diagnostics Revenue

 

 

7,653

 

 

 

7,088

 

 

 

13,748

 

 

 

13,189

 

Total Revenue

 

$

26,106

 

 

$

34,995

 

 

$

49,109

 

 

$

57,292

 

 

Contract assets totaled $7.2 million and $7.1 million as of March 31, 2022 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.