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Note 10 - Revenue and Geographic Information | 9 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] |
10. | Revenue and Geographic Information
Revenue by product family is as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
OA Pain Management |  | $ | 24,888 |  |  | $ | 24,476 |  |  | $ | 76,855 |  |  | $ | 69,533 |
Joint Preservation and Restoration |  |  | 13,470 |  |  |  | 11,821 |  |  |  | 39,583 |  |  |  | 36,055 |
Non-Orthopedic |  |  | 3,107 |  |  |  | 3,967 |  |  |  | 7,253 |  |  |  | 11,026 |
|  | $ | 41,465 |  |  | $ | 40,264 |  |  | $ | 123,691 |  |  | $ | 116,614 |
Effective January 1, 2023, the Company beganto report revenue from product sales to veterinary customers within the Non-Orthopedic product family whereas such revenue had been previously reported within the OA Pain Management product family. Revenue from product sales to veterinary customers amounted to $1.6 million and $1.2 million for the three months ended September 30, 2023 and 2022, respectively, and $3.2 million and $4.6 million for the nine months ended September 30, 2023 and 2022, respectively, and are included within the Non-Orthopedic product family for all periods presented. Accordingly, revenue from product sales to veterinary customers in the prior period have been reclassified to conform to the current period presentation. Revenue from the Company’s sole significant customer, DePuy Synthes Mitek Sports Medicine, part of the Johnson & Johnson Medical Companies, as a percentage of the Company’s total revenue was 44% and 45% for the three months ended September 30, 2023 and 2022, respectively, and 45% and 43% for the nine months ended September 30, 2023 and 2022, respectively. Total revenue by geographic location based on the location of the customer in total and as a percentage of total revenue were as follows:
|  | Three Months Ended September 30, |
|  | 2023 |  |  | 2022 |
|  |  |  |  |  | Percentage of |  |  |  |  |  |  | Percentage of |
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |
Geographic Location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 30,831 |  |  |  | 74 | % |  | $ | 31,093 |  |  |  | 77 | %
Europe |  |  | 5,420 |  |  |  | 13 | % |  |  | 4,885 |  |  |  | 12 | %
Other |  |  | 5,214 |  |  |  | 13 | % |  |  | 4,286 |  |  |  | 11 | %
Total |  | $ | 41,465 |  |  |  | 100 | % |  | $ | 40,264 |  |  |  | 100 | %
|  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |
|  |  |  |  |  | Percentage of |  |  |  |  |  |  | Percentage of |
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |
Geographic Location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 90,986 |  |  |  | 74 | % |  | $ | 87,552 |  |  |  | 75 | %
Europe |  |  | 16,757 |  |  |  | 13 | % |  |  | 15,973 |  |  |  | 14 | %
Other |  |  | 15,948 |  |  |  | 13 | % |  |  | 13,089 |  |  |  | 11 | %
Total |  | $ | 123,691 |  |  |  | 100 | % |  | $ | 116,614 |  |  |  | 100 | %

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