v3.25.2
Segment, Geographic and Other Revenue Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Financial Data Provided to the CODM
The financial data provided to the CODM is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
US:
SUBLOCADE*$195 $179 $359 $346 
Sublingual & other5263107126
PERSERIS1
8131223
Total U.S.
256255478496
Rest of World
46449087
Net revenue302 299 568 583 
Cost of sales52 79 96 117 
Gross profit250 220 472 466 
Operating expenses:
Selling and marketing8066147132
General and administrative7886142163
Total selling, general and administrative158 152 290 295 
Research and development21 26 43 54 
Litigation settlement— 160 160 
Total operating expenses
178 338 334 509 
Operating income (loss)
72 (118)138 (43)
Other (income) and expenses:
Interest (income)(6)(6)(10)(13)
Interest expense15 27 18 
Income (loss) before income taxes
62 (121)121 (48)
Income tax expense (benefit)
44 (23)56 (12)
Net income (loss)
$18 $(97)$65 $(36)
*Total SUBLOCADE net revenue
$209 $192 $385 $371 
Depreciation and amortization$$$$
Share-based compensation expense$$$14 $12 
1Marketing and promotion activities for PERSERIS were discontinued in July 2024.