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Business Segment, Geographic, and Concentration Risk Information (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Summary of Revenue by Segments

Segment information is as follows (in thousands):

 

 

 

Three Months

Ended September 30,

 

 

Nine Months

Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Total revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oncology Innovation Platform

 

$

115

 

 

$

5,117

 

 

$

421

 

 

$

30,532

 

Global Supply Chain Platform

 

 

7,969

 

 

 

7,092

 

 

 

30,714

 

 

 

17,991

 

Commercial Platform

 

 

12,006

 

 

 

7,315

 

 

 

38,279

 

 

 

23,006

 

Total revenue for reportable segments

 

 

20,090

 

 

 

19,524

 

 

 

69,414

 

 

 

71,529

 

Intersegment revenue

 

 

(726

)

 

 

(1,096

)

 

 

(2,546

)

 

 

(3,700

)

Total consolidated revenue

 

$

19,364

 

 

$

18,428

 

 

$

66,868

 

 

$

67,829

 

 

Summary of Revenue by Product Group

 

 

 

Three Months

Ended September 30,

 

 

Nine Months

Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Total revenue by product group:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

API sales

 

$

3,647

 

 

$

3,690

 

 

$

12,308

 

 

$

9,538

 

Medical device sales

 

 

 

 

 

1,322

 

 

 

 

 

 

2,342

 

Contract manufacturing revenue

 

 

93

 

 

 

17

 

 

 

382

 

 

 

412

 

Commercial product sales

 

 

15,497

 

 

 

8,280

 

 

 

53,743

 

 

 

25,092

 

License fees

 

 

 

 

 

5,000

 

 

 

 

 

 

30,000

 

Other revenue

 

 

127

 

 

 

119

 

 

 

435

 

 

 

445

 

Total consolidated revenue

 

$

19,364

 

 

$

18,428

 

 

$

66,868

 

 

$

67,829

 

 

Summary of Segment Information

 

 

 

Three Months

Ended September 30,

 

 

Nine Months

Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net loss attributable to Athenex, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oncology Innovation Platform

 

$

(29,732

)

 

$

(37,638

)

 

$

(87,127

)

 

$

(65,985

)

Global Supply Chain Platform

 

 

(3,376

)

 

 

(6,089

)

 

 

(3,829

)

 

 

(16,780

)

Commercial Platform

 

 

(1,650

)

 

 

(2,443

)

 

 

(11,066

)

 

 

(7,562

)

Total consolidated net loss attributable to

   Athenex, Inc.

 

$

(34,758

)

 

$

(46,170

)

 

$

(102,022

)

 

$

(90,327

)

 

Summary of Depreciation, Amortization and Assets by Segment

 

 

Three Months

Ended September 30,

 

 

Nine Months

Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Total depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oncology Innovation Platform

 

$

227

 

 

$

174

 

 

$

626

 

 

$

505

 

Global Supply Chain Platform

 

 

376

 

 

 

490

 

 

 

1,012

 

 

 

1,185

 

Commercial Platform

 

 

398

 

 

 

245

 

 

 

1,170

 

 

 

734

 

Total consolidated depreciation and

   amortization

 

$

1,001

 

 

$

909

 

 

$

2,808

 

 

$

2,424

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Total assets:

 

 

 

 

 

 

 

 

Oncology Innovation Platform

 

$

174,938

 

 

$

135,878

 

Global Supply Chain Platform

 

 

65,833

 

 

 

58,816

 

Commercial Platform

 

 

46,824

 

 

 

36,401

 

Total consolidated assets

 

$

287,595

 

 

$

231,095

 

 

Summary of Revenue by Geographical Segment

 

 

Three Months

Ended September 30,

 

 

Nine Months

Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Total revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

15,624

 

 

$

9,559

 

 

$

54,119

 

 

$

27,405

 

India

 

 

1,684

 

 

 

259

 

 

 

3,066

 

 

 

1,701

 

China

 

 

563

 

 

 

306

 

 

 

1,837

 

 

 

1,917

 

South Korea

 

 

513

 

 

 

 

 

 

513

 

 

 

 

Austria

 

 

476

 

 

 

2,227

 

 

 

4,423

 

 

 

5,102

 

Germany

 

 

398

 

 

 

 

 

 

602

 

 

 

 

United Kingdom

 

 

 

 

 

 

 

 

1,023

 

 

 

 

Spain

 

 

 

 

 

5,000

 

 

 

 

 

 

30,000

 

Other foreign countries

 

 

106

 

 

 

1,077

 

 

 

1,285

 

 

 

1,704

 

Total consolidated revenue

 

$

19,364

 

 

$

18,428

 

 

$

66,868

 

 

$

67,829

 

 

Summary of Property and Equipment by Geographical Segment

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Total property and equipment, net:

 

 

 

 

 

 

 

 

United States

 

$

10,791

 

 

$

6,549

 

China

 

 

8,481

 

 

 

4,898

 

Total consolidated property and equipment, net

 

$

19,272

 

 

$

11,447

 

 

Summary of Customer Revenue and Accounts Receivable Concentration

Customer revenue and accounts receivable concentration amounted to the following for the identified periods. These customers relate to the Commercial Platform segment and the Global Supply Chain Platform segment.

 

 

 

Three Months

Ended September 30,

 

 

Nine Months

Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Percentage of total revenue by customer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

 

17

%

 

 

12

%

 

 

20

%

 

 

13

%

Customer B

 

 

22

%

 

 

11

%

 

 

17

%

 

 

8

%

Customer C

 

 

17

%

 

 

13

%

 

 

16

%

 

 

9

%

Customer D

 

 

 

 

 

27

%

 

 

 

 

 

44

%

Customer E

 

 

2

%

 

 

10

%

 

 

6

%

 

 

6

%

 

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Percentage of total accounts receivable by customer:

 

 

 

 

 

 

 

 

Customer A

 

 

40

%

 

 

16

%

Customer B

 

 

35

%

 

 

18

%

Customer C

 

 

10

%

 

 

12

%