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Segment Reporting

12 Months Ended

Jun. 30, 2021

Segment Reporting

Segment Information

17. Segment Information

The Company’s chief operating decision maker, who is the Company’s Chief Executive Officer, allocates resources and assesses performance based on financial information of the Company. The CODM reviews financial information presented for each reportable segment for purposes of making operating decisions and assessing financial performance.

Aytu manages the Company and aggregated its operational and financial information in accordance with two reportable segments: Aytu BioPharma and Aytu Consumer Health. The Aytu BioPharma segment consists of the Company’s prescription products. The Aytu Consumer Health segment contains the Company’s consumer healthcare products, which was the result of the Innovus Merger. During the year ended June 30, 2021, the Aytu BioPharma

segment recognized a total impairment loss of $12.8 million related to divestiture of the Natesto licensed asset and the write-off of Tuzistra licensed asset (see Note 8).

Select financial information for these segments is as follows:

​

​	​	​	​	​	​	​
​	​	Year Ended June 30,
​	​	2021			2020
​	​	(In thousands)
Consolidated revenue:	​	​			​
Aytu BioPharma	​	$	32,678	​	$	17,249
Aytu Consumer Health	​		32,954	​		10,383
Consolidated revenue	​	$	65,632	​	$	27,632
​	​	​	​	​	​	​
Consolidated net loss:	​			​
Aytu BioPharma	​	$	(50,529)	​	$	(10,464)
Aytu Consumer Health	​		(7,760)	​		(3,157)
Consolidated net loss	​	$	(58,289)	​	$	(13,621)

​

​	​	​	​	​	​	​
​	​	June 30,
​	​	2021		​	2020
​	​	(In thousands)
Total assets:	​			​
Aytu BioPharma	​	$	236,449	​	$	126,724
Aytu Consumer Health	​		29,219	​		26,569
Consolidated assets	​	$	265,668	​	$	153,293

​

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- References

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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

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-Publisher FASB
-Name Accounting Standards Codification
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