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SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Information Regarding Operating Segment | Detailed information regarding our single operating segment’s significant revenues, expenses and operating loss is as follows:
| Three Months Ended March 31, |  |
(in thousands) | 2025 |  | 2024 |  |  |  |
Revenues |  |  |  |  |  |  |
Product sales, net | $ | 67,814 |  |  | $ | 43,512 |  |  |  |  |
Other revenues(1) | 6,300 |  |  | 2,511 |  |  |  |  |
Total revenues | 74,114 |  |  | 46,023 |  |  |  |  |
Less: |  |  |  |  |  |  |
Cost of product sales | 2,340 |  |  | 1,013 |  |  |  |  |
Other cost of revenue | 9,963 |  |  | 6,115 |  |  |  |  |
Total cost of goods sold | 12,303 |  |  | 7,128 |  |  |  |  |
Research and development(2) | 10,542 |  |  | 7,790 |  |  |  |  |
Selling expenses(2) | 56,800 |  |  | 34,852 |  |  |  |  |
General and administrative expenses(2) | 13,904 |  |  | 8,969 |  |  |  |  |
Stock-based compensation | 12,088 |  |  | 7,616 |  |  |  |  |
Other segment expenses(3) | 4,826 |  |  | 4,346 |  |  |  |  |
Total operating expenses | 98,160 |  |  | 63,573 |  |  |  |  |
Consolidated loss from operations | (36,349) |  |  | (24,678) |  |  |  |  |
Other reconciliation items(4) | (4,795) |  |  | (1,840) |  |  |  |  |
Consolidated net loss | $ | (41,144) |  |  | $ | (26,518) |  |  |  |  |
(1)“Other revenues” includes revenues from our collaboration partnerships, including licensing revenue, product supply revenue and non-cash royalty revenue related to the sale of future royalties. (2)Research and development, selling and general administrative expenses herein do not include certain allocated items, such as stock-based compensation expenses. (3)“Other segment expenses” primarily consists of allocated facilities, information technology and employee costs of approximately $4.7 million and $3.7 million for the 2025 and 2024 first quarters, respectively. (4)“Other reconciliation items” includes interest expense, non-cash interest expense related to the sale of future royalties, provision for income taxes and other income, net.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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