Revenues. Revenue, net increased by $0.1 million, or 1% from $5.5 million for the three months ended June 30, 2023 to $5.6 million for the three months ended June 30, 2024. Unit sales increased by 576 units, or 1%, from 61,770 units for the three months ended June 30, 2023, to 62,346 units for the three months ended June 30, 2024.
The decrease in the percentage of growth between dollars and units pertains to increased price discounts offered to the non-retail sales channel. Revenue, net consists of sales of Twirla and reflects the shipment of Twirla to specialty distributors, net of estimates for applicable variable consideration, which consist primarily of wholesale distribution fees, prompt pay and other discounts, rebates, chargebacks, product returns, and co-pay assistance programs.
Cost of product revenues. Cost of product revenues decreased by $0.8 million, or 35% from $2.3 million for the three months ended June 30, 2023 to $1.5 million for the three months ended June 30, 2024. Cost of product revenues consist of direct and indirect costs related to the manufacturing of Twirla sold, including third-party manufacturing costs, packaging services, freight, obsolescence and allocations of overhead costs that are primarily fixed, such as salaries, benefits, and insurance.
We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.
