Annual report pursuant to Section 13 and 15(d)

Revenues from Contracts and Significant Customers

v3.24.1
Revenues from Contracts and Significant Customers
12 Months Ended
Dec. 31, 2023
Revenues from Contracts and Significant Customers  
Revenues from Contracts and Significant Customers

19. Revenues from Contracts and Significant Customers

Disaggregation of Total Revenues

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 16).

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The table below summarizes the Company’s revenue for the years ended December 31, 2023 and 2022:

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Year Ended December 31, 

​

    

2023

    

2022

Revenue

​

​

​

​

​

​

Qbrexza

​

$

25,410

​

$

26,715

Accutane

​

​

20,168

​

​

18,373

Amzeeq

​

​

6,201

​

​

7,242

Zilxi

​

​

1,962

​

​

2,273

Targadox

​

​

3,204

​

​

7,972

Exelderm

​

​

2,395

​

​

3,463

Ximino

​

​

287

​

​

4,957

Luxamend

​

​

35

​

​

—

Collaboration revenue

​

​

5,229

​

​

1,882

Revenue – related party

​

 

103

​

 

192

Other revenue

​

​

19,519

​

 

2,674

Total net revenue

​

$

84,513

​

$

75,743

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Other revenue for the year ended December 31, 2023, includes royalties on sales of Rapifort® Wipes 2.5% (“Rapifort”) in Japan, from Maruho, Journey’s exclusive out-licensing partner in Japan, and also reflects a net $19.0 million payment from Maruho under the New License Agreement. Other revenue for the year ended December 31, 2022, included a net $2.5 million milestone payment from Maruho Co., Ltd, upon receipt of marketing and manufacturing approval for Rapifort, as well as $0.2 million in royalties from Maruho on sales of Rapifort in Japan.

Significant Customers

For the years ended December 31, 2023 and 2022, none of Journey’s Dermatology Products customers accounted for more than 10.0% of its total gross product revenue.

For the year ended December 31, 2023, one of Journey’s customers accounted for more than 10% of its total accounts receivable balance at 13%.  For the year ended December 31, 2022, two of Journey’s Dermatology Products customers accounted for more than 10% of its total accounts receivable balance at 16.7% and 10.4%.