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Revenues
9 Months Ended
Sep. 30, 2019
Revenue From Contract With Customer [Abstract]  
Revenues

5.

Revenues

Revenues by product.  The following table represents total net revenues by product line:

 

 

 

Three Months Ended September 30,

Nine Months Ended September 30,

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

OraQuick®

 

$

13,256

 

 

$

12,016

 

 

$

37,813

 

 

$

40,813

 

 

Oragene®

 

 

11,590

 

 

 

22,450

 

 

 

27,316

 

 

 

52,799

 

 

ORAcollect®

 

 

2,489

 

 

 

1,353

 

 

 

9,032

 

 

 

3,460

 

 

Intercept®

 

 

2,230

 

 

 

1,743

 

 

 

6,144

 

 

 

5,811

 

 

Histofreezer® (through August 16, 2019)

 

 

569

 

 

 

2,199

 

 

 

5,718

 

 

 

6,526

 

 

Other products

 

 

5,165

 

 

 

3,689

 

 

 

14,875

 

 

 

11,177

 

 

Net product revenues

 

 

35,299

 

 

 

43,450

 

 

 

100,898

 

 

 

120,586

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Royalty income

 

 

758

 

 

 

1,132

 

 

 

2,956

 

 

 

4,827

 

 

Research and development funding

 

 

(183

)

 

 

1,083

 

 

 

679

 

 

 

4,540

 

 

Charitable support reimbursement

 

 

85

 

 

 

220

 

 

 

203

 

 

 

1,544

 

 

Grant funding

 

 

30

 

 

 

-

 

 

 

201

 

 

 

-

 

 

Other revenues

 

 

690

 

 

 

2,435

 

 

 

4,039

 

 

 

10,911

 

 

Net revenues

 

$

35,989

 

 

$

45,885

 

 

$

104,937

 

 

$

131,497

 

 

 

Revenues by geographic area.  The following table represents total net revenues by geographic area, based on the location of the customer:

 

 

 

Three Months Ended September 30,

 

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

 

2019

 

 

2018

 

United States

 

$

26,245

 

 

$

36,883

 

 

 

$

74,712

 

 

$

99,860

 

Europe

 

 

2,767

 

 

 

1,982

 

 

 

 

8,188

 

 

 

7,187

 

Other regions

 

 

6,977

 

 

 

7,020

 

 

 

 

22,037

 

 

 

24,450

 

 

 

$

35,989

 

 

$

45,885

 

 

 

$

104,937

 

 

$

131,497

 

 

Customer and Vendor Concentrations.  One of our customers accounted for 24% of our accounts receivable as of September 30, 2019. The same customer accounted for approximately 17% and 11% of our net consolidated revenues for the three and nine months ended September 30, 2019 and 39% and 27% of our net consolidated revenues for the three and nine months ended September 30, 2018.     

 

We currently purchase certain products and critical components of our products from sole-supply vendors. If these vendors are unable or unwilling to supply the required components and products, we could be subject to increased costs and substantial delays in the delivery of our products to our customers. Also, our subsidiary, DNAG, uses two third-party suppliers to manufacture its product. Our inability to have a timely supply of any of these components and products could have a material adverse effect on our business, as well as our financial condition and results of operations.

Deferred Revenue.  We record deferred revenue when funds are received prior to the recognition of the associated revenue.  Deferred revenue as of September 30, 2019 and December 31, 2018 includes customer prepayments of $2,150 and $2,057, respectively.  Deferred revenue as of September 30, 2019 and December 31, 2018 also includes $ 1,790 and $1,464, respectively, associated with a long-term contract that has variable pricing based on volume. The average price over the life of the contract was determined and revenue is recognized at that rate.