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Revenue (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Activity in Each of Product Revenue Provision and Allowance Categories

The following table summarizes activity in each of the Company’s product revenue provision and allowance categories as of December 31, 2024 and 2023 (in thousands):

 

 

 

Discounts and Chargebacks (1)

 

 

Product Returns (2)

 

 

Rebates and Incentives (3)

 

 

Product Recall (4)

 

 

Total

 

Balance as of December 31, 2022

 

$

255

 

 

$

73

 

 

$

1,213

 

 

$

—

 

 

$

1,541

 

Provision related to current period revenue

 

 

1,256

 

 

 

307

 

 

 

1,320

 

 

 

3,057

 

 

 

5,940

 

Changes in estimate related to prior period revenue

 

 

(11

)

 

 

1,185

 

 

 

(86

)

 

 

—

 

 

 

1,088

 

Credit/payments

 

 

(1,500

)

 

 

(1,529

)

 

 

(2,358

)

 

 

(1,125

)

 

 

(6,512

)

Balance as of December 31, 2023

 

$

—

 

 

$

36

 

 

$

89

 

 

$

1,932

 

 

$

2,057

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discounts and Chargebacks (1)

 

 

Product Returns (2)

 

 

Rebates and Incentives (3)

 

 

Product Recall (4)

 

 

Total

 

Balance as of December 31, 2023

 

$

—

 

 

$

36

 

 

$

89

 

 

$

1,932

 

 

$

2,057

 

Changes in estimate related to prior period revenue

 

 

—

 

 

 

51

 

 

 

(26

)

 

 

—

 

 

 

25

 

Credit/payments

 

 

—

 

 

 

—

 

 

 

(44

)

 

 

(1,374

)

 

 

(1,418

)

Balance as of December 31, 2024

 

$

—

 

 

$

87

 

 

$

19

 

 

$

558

 

 

$

664

 

 

(1)
Discounts and chargebacks include fees for wholesaler fees, prompt pay and other discounts, and chargebacks. Discounts and chargebacks are deducted from gross revenue at the time revenues are recognized and are included as a reduction in accounts receivable or as an accrued expense based on their nature on the Company’s consolidated balance sheet.
(2)
Provisions for product returns are deducted from gross revenues at the time revenues are recognized and are included in accrued expenses on the Company’s consolidated balance sheet.
(3)
Rebates and incentives include rebates and co-pay program incentives. Provisions for rebates and incentives are deducted from gross revenues at the time revenues are recognized and are included in accrued expenses on the Company’s consolidated balance sheets.
(4)
Provisions for product recall are deducted from gross revenues to the extent of revenue recorded related to the recalled product and are included in accrued expenses on the Company’s consolidated balance sheet.