v3.26.1
Note 20 - Segment Reporting
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

Note 20 – Segment Reporting

 

The Company is engaged in the development and commercialization of innovative solutions for the treatment of urothelial and specialty cancers. The Company has a single operating segment and reportable segment focused on these business activities, and its operations are managed on a consolidated basis. The primary revenue source for the segment comes from sales of the Company’s approved products, Jelmyto and Zusduri, primarily conducted in the United States.

 

The Company’s Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer (“CEO”). The CODM assesses performance and allocates resources based on net income or loss, which is the primary measure of performance, as reported in the condensed consolidated statements of operations and comprehensive loss. Additionally, net income or loss is used to monitor performance relative to budgeted targets and to evaluate financial performance in relation to the Company’s strategic goals. For additional information, refer to the condensed consolidated statements of operations and comprehensive loss for detailed measures of segment revenues, expenses, and profit or loss.

 

Information about significant segment expenses regularly provided to the CODM is as follows (in thousands):

 

  For the Three Months Ended March 31, 
  

2026

  

2025

 

Research and development expenses

        

R&D project materials & services

 $9,705  $11,390 

Acquisitions of IPR&D

     3,128 

Employee compensation

  4,744   4,381 

Rent, office, utilities & technology

  934   856 

Other expenses

  214   116 

Total research and development expenses

 $15,597  $19,871 
         

Selling, general and administrative expenses

        

Employee compensation

 $26,109  $18,128 

Commercial & medical affairs services

  9,936   8,199 

Professional services

  7,526   2,772 

Travel, meetings & conferences

  5,062   3,645 

Rent, office, utilities & technology

  1,524   1,136 

Other expenses (1)

  1,329   1,087 

Total selling, general and administrative expenses

 $51,486  $34,967 

 

(1) Other expenses primarily consist of insurance, publications, sponsorships, grants, other fees and taxes.