Revenue recognition change
beta
Filing comparison
ARDELYX, INC. changed its revenue recognition disclosure
Product revenue is recognized when Customers take control of the product, which typically occurs upon delivery to the Customers.
Evidence
- New language
- Product revenue is recognized when Customers take control of the product, which typically occurs upon delivery to the Customers., For performance obligations that are satisfied over time, we recognize revenue using an input or output measure of progress that best depicts the satisfaction of the relevant performance obligation.
- Prior filed
- 2025-02-20
- Prior form
- 10-K
- Similarity
- 0.287
- Source
- revenue recognition note comparison
- Threshold
- 0.6
- Why
- The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
- Product revenue is recognized when Customers take control of the product, which typically occurs upon delivery to the Customers.
- For performance obligations that are satisfied over time, we recognize revenue using an input or output measure of progress that best depicts the satisfaction of the relevant performance obligation.