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Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates as one operating segment focused on developing and commercializing innovative therapeutics primarily in the U.S. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The determination of a single business segment is consistent with the consolidated financial information regularly reviewed by the chief executive officer, who is the Company's chief operating decision maker, or CODM, in assessing segment performance and deciding how to allocate resources on a consolidated basis. The CODM makes decisions on resource allocation, assesses performance of the business, and monitors budget versus actual results using income from operations. Net income is also a measure that is considered in monitoring budget versus actual results. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets. The following table presents information about reported segment revenues, segment profit and significant segment expenses for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31,
| 2025 |  | 2024 |  |
Revenues | $ | 57,336 |  |  | $ | 32,607 |  |  |
Less: |  |  |  |  |
Direct cost of product and other revenue | 5,059 |  |  | 741 |  |  |
Panion royalty | 2,566 |  |  | 1,853 |  |  |
Amortization of intangible asset | — |  |  | 9,011 |  |  |
Research and development | 9,754 |  |  | 9,731 |  |  |
Selling, general and administrative | 25,742 |  |  | 25,438 |  |  |
License | 701 |  |  | 711 |  |  |
Restructuring | — |  |  | 58 |  |  |
Income (loss) from operations | 13,514 |  |  | (14,936) |  |  |
Other income (expense) |  |  |  |  |
Interest expense | (7,770) |  |  | (2,498) |  |  |
Other (expense) income | 213 |  |  | 95 |  |  |
Change in fair value of warrant liability | 155 |  |  | (129) |  |  |
Loss on extinguishment of debt | — |  |  | (517) |  |  |
Net income (loss) before income taxes | $ | 6,112 |  |  | $ | (17,985) |  |  |
Net income (loss) | $ | 6,112 |  |  | $ | (17,985) |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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