Schedule of Segment Reporting Information, by Segment |
Summary of segment net income (loss), including segment expenses were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | (in thousands) | | (in thousands) | Revenues: | | | | | | | | | Net product revenue | | $ | 1,322 | | | $ | 1,617 | | | $ | 2,584 | | | $ | 2,710 | | Licensing revenue | | 27,544 | | | — | | | 27,544 | | | — | | Royalties and other revenue | | — | | | 30 | | | — | | | 67 | | Total revenues | | 28,866 | | | 1,647 | | | 30,128 | | | 2,777 | | Operating expenses: | | | | | | | | | Cost of sales | | 33 | | | 166 | | | 63 | | | 197 | | Research and development | | 14,127 | | | 15,964 | | | 27,736 | | | 28,742 | | Sales and marketing | | 1,233 | | | 28,982 | | | 3,908 | | | 51,662 | | General and administrative | | 6,466 | | | 6,839 | | | 14,292 | | | 13,474 | | Other segment expense (1) | | 3,271 | | | 5,050 | | | 6,072 | | | 9,389 | | Total operating expenses | | 25,130 | | | 57,001 | | | 52,071 | | | 103,464 | | Income (loss) from operations | | 3,736 | | | (55,354) | | | (21,943) | | | (100,687) | | Interest and other expense | | (2,318) | | | (2,211) | | | (4,153) | | | (7,159) | | Interest income and other | | 1,834 | | | 4,136 | | | 4,053 | | | 6,020 | | Net income (loss) | | $ | 3,252 | | | $ | (53,429) | | | $ | (22,043) | | | $ | (101,826) | |
(1) For the three and six months ended June 30, 2025 and 2024, other segment expense primarily includes, among other items, stock compensation of $1.6 million, $1.7 million, $3.2 million, and $3.3 million, respectively, related to research and development personnel; $0.01 million, $1.2 million, $0.05 million , and $2.0 million, respectively, related to sales and marketing personnel; and $1.6 million, $2.0 million, $3.0 million, and $3.9 million, respectively, related to general and administrative personnel.
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