Direct Channel was Vivani Medical’s largest revenue line in fiscal 2019, bringing in $5.72M of $6.76M (85%).
| Contract With Customer Sales Channel | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|
| Direct Channel | — | — | $11.39M | $5.72M |
| Direct Customers | $7.64M | $13.45M | — | — |
| Indirect Channel | $326.00K | $2.47M | $2.40M | $1.04M |
| Total | $7.97M | $15.93M | $13.79M | $6.76M |
Vivani Medical brought in $6.76M from its two revenue lines in fiscal 2019, the year ended December 31, 2019. That was down 51.0% from $13.79M in fiscal 2018. Direct Channel was the largest at $5.72M (84.7%), ahead of Indirect Channel at $1.04M (15.3%).
Compared with fiscal 2018, Direct Channel fell 49.8% to $5.72M and Indirect Channel fell 56.9% to $1.04M.
Vivani Medical began breaking out Direct Channel in fiscal 2018, when it brought in $11.39M. Vivani Medical stopped reporting Direct Customers as a separate revenue line after fiscal 2017, when it brought in $13.45M.
Vivani Medical (VANI) reports its revenue by contract with customer sales channel. In fiscal 2019, Direct Channel was its largest revenue line, bringing in $5.72M (84.7% of the total), followed by Indirect Channel at $1.04M (15.3%).
Direct Channel was Vivani Medical's largest revenue line in fiscal 2019, bringing in $5.72M, or 84.7% of the $6.76M total across its two revenue lines.
Every figure comes from Vivani Medical's annual financial filings, as reported. Each line keeps the name Vivani Medical gives it, and years follow its fiscal calendar.
Vivani Medical's revenue by contract with customer sales channel goes back to fiscal 2016, with figures through fiscal 2019. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.