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Revenue
9 Months Ended
Jun. 30, 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 June 30,

 

 

Nine Months Ended June 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Medical Device

 

 

 

 

 

 

Product sales

 

$

6,741

 

 

$

5,493

 

 

$

19,970

 

 

$

15,464

 

Royalties

 

 

7,771

 

 

 

7,752

 

 

 

23,015

 

 

 

23,135

 

License fees

 

 

1,024

 

 

 

1,044

 

 

 

3,723

 

 

 

15,047

 

Research, development and other

 

 

1,992

 

 

 

2,466

 

 

 

6,181

 

 

 

7,212

 

Medical Device Revenue

 

 

17,528

 

 

 

16,755

 

 

 

52,889

 

 

 

60,858

 

In Vitro Diagnostics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product sales

 

 

7,178

 

 

 

6,591

 

 

 

20,257

 

 

 

18,505

 

Research, development and other

 

 

148

 

 

 

527

 

 

 

817

 

 

 

1,802

 

In Vitro Diagnostics Revenue

 

 

7,326

 

 

 

7,118

 

 

 

21,074

 

 

 

20,307

 

Total Revenue

 

$

24,854

 

 

$

23,873

 

 

$

73,963

 

 

$

81,165

 

Contract assets totaled $7.6 million and $7.1 million as of June 30, 2022 and September 30, 2021, respectively, on the condensed consolidated balance sheets. 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.