Quarterly report pursuant to Section 13 or 15(d)

Revenues from Contracts and Significant Customers

v3.22.2.2
Revenues from Contracts and Significant Customers
9 Months Ended
Sep. 30, 2022
Revenues from Contracts and Significant Customers  
Revenues from Contracts and Significant Customers

16. Revenues from Contracts and Significant Customers

Disaggregation of Total Revenue

Journey has the following actively marketed products, Qbrexza®, Accutane®, Targadox®, Ximino®, Exelderm®, Luxamend®, Amzeeq® and Zilxi®. All of Journey’s product revenues are recorded in the U.S. The Company’s collaboration revenue is from Cyprium’s agreement with Sentynl (see Note 3). The Company’s related party revenue is from Checkpoint’s collaborations with TGTX (see Note 14). Other revenue consists of a net $2.5 million milestone payment made to Journey triggered by Qbrexza® (Rapifort® Wipes 2.5%) receiving manufacturing and marketing approval in Japan in February 2022.

​

The net $2.5 million milestone payment reflects a milestone payment of $10 million to Journey from their exclusive licensing partner in Japan, Maruho Co., Ltd. (“Maruho”), offset by a $7.5 million payment to Dermira, pursuant to the terms of the Qbrexza APA between Journey and Dermira.  The table below summarizes the Company’s revenue for the three and nine months ending September 30, 2022 and 2021:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended September 30, 

​

Nine Months Ended September 30, 

​

    

2022

    

2021

    

2022

    

2021

Revenue

​

​

​

​

​

​

​

​

​

​

​

​

Qbrexza®

​

$

6,265

​

$

6,636

​

$

19,752

​

$

11,204

Accutane®

​

​

4,121

​

​

3,531

​

​

14,228

​

​

5,672

Amzeeq®

​

​

1,161

​

​

—

​

​

5,892

​

​

—

Targadox®

​

​

1,168

​

​

5,184

​

​

6,558

​

​

18,110

Ximino®

​

​

1,773

​

​

2,864

​

​

3,775

​

​

6,277

Zilxi®

​

​

554

​

​

—

​

​

1,851

​

​

—

Exelderm®

​

​

1,001

​

​

1,366

​

​

3,018

​

​

4,319

Other branded revenue

​

​

—

​

​

29

​

​

—

​

​

35

Collaboration revenue

​

​

364

​

​

1,446

​

​

1,518

​

​

4,646

Revenue – related party

​

 

48

​

 

29

​

 

118

​

 

252

Other revenue

​

​

73

​

​

—

​

​

2,629

​

 

—

Net revenue

​

$

16,528

​

$

21,085

​

$

59,339

​

$

50,515

​

The above table includes the authorized generic product within the line items for Targadox®, Ximino® and Exelderm®.

​

Significant Customers

For the three-month period ending September 30, 2022, none of the Company’s dermatology products customers accounted for more than 10% of its total gross product revenue.   For the three-month period ending September 30, 2021, one of the Company’s dermatology products customers accounted for 10.1% of its total gross product revenue.

For the nine-month periods ending September 30, 2022 and 2021, none of the Company’s dermatology products customers accounted for more than 10% of its total gross product revenue.

At September 30, 2022 and December 31, 2021, two of the Company’s dermatology products customers accounted for more than 10% of its total accounts receivable balance, at 17% and 11%, and 16% and 13%, respectively.