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v3.25.2

Segment, Geographic and Other Revenue Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Financial Data Provided to the CODM | The financial data provided to the CODM is as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
US: |  |  |  |  |  |  |  |
SUBLOCADE* |  | $ | 195 |  |  | $ | 179 |  |  | $ | 359 |  |  | $ | 346 |
Sublingual & other |  | 52 |  | 63 |  | 107 |  | 126
PERSERIS 1 |  | 8 |  | 13 |  | 12 |  | 23
Total U.S. |  | 256 |  | 255 |  | 478 |  | 496
Rest of World |  | 46 |  | 44 |  | 90 |  | 87
Net revenue |  | 302 |  |  | 299 |  |  | 568 |  |  | 583 |
Cost of sales |  | 52 |  |  | 79 |  |  | 96 |  |  | 117 |
Gross profit |  | 250 |  |  | 220 |  |  | 472 |  |  | 466 |
Operating expenses: |  |  |  |  |  |  |  |
Selling and marketing |  | 80 |  | 66 |  | 147 |  | 132
General and administrative |  | 78 |  | 86 |  | 142 |  | 163
Total selling, general and administrative |  | 158 |  |  | 152 |  |  | 290 |  |  | 295 |
Research and development |  | 21 |  |  | 26 |  |  | 43 |  |  | 54 |
Litigation settlement |  | — |  |  | 160 |  |  | 1 |  |  | 160 |
Total operating expenses |  | 178 |  |  | 338 |  |  | 334 |  |  | 509 |
Operating income (loss) |  | 72 |  |  | (118) |  |  | 138 |  |  | (43) |
Other (income) and expenses: |  |  |  |  |  |  |  |
Interest (income) |  | (6) |  |  | (6) |  |  | (10) |  |  | (13) |
Interest expense |  | 15 |  |  | 9 |  |  | 27 |  |  | 18 |
Income (loss) before income taxes |  | 62 |  |  | (121) |  |  | 121 |  |  | (48) |
Income tax expense (benefit) |  | 44 |  |  | (23) |  |  | 56 |  |  | (12) |
Net income (loss) |  | $ | 18 |  |  | $ | (97) |  |  | $ | 65 |  |  | $ | (36) |
*Total SUBLOCADE net revenue |  | $ | 209 |  |  | $ | 192 |  |  | $ | 385 |  |  | $ | 371 |
Depreciation and amortization |  | $ | 3 |  |  | $ | 4 |  |  | $ | 5 |  |  | $ | 7 |
Share-based compensation expense |  | $ | 8 |  |  | $ | 6 |  |  | $ | 14 |  |  | $ | 12 |
1 Marketing and promotion activities for PERSERIS were discontinued in July 2024.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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