Segment Information

9 Months Ended

Sep. 30, 2019

Segment InformationThe authoritative guidance for disclosures about segments of an enterprise establishes standards for reporting information about segments. It defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-maker in deciding how to allocate resources and in assessing performance. We currently operate and manage our business as two operating segments. Our chief operating decision-makers allocate resources and assess performance of the business for each segment. Accordingly, we consider ourselves to have two operating and reportable segments (i) AgroFresh core and (ii) Tecnidex. AgroFresh core business is providing produce preservation and waste reduction solutions for growers and packers. Its products include SmartFresh, Harvista, RipeLock and FreshCloud. Tecnidex is a provider of fungicides, sanitizers, waxes, and coatings primarily focused on the citrus market.

Our chief operating decision-makers do not evaluate operating segments using asset or liability information. The following table presents a breakdown of our revenues and gross profit based on reportable segments for the three and nine months ended September 30, 2019 and 2018.


(in thousands)	Three Months Ended September 30, 2019		Three Months Ended September 30, 2018		Nine Months Ended September 30, 2019		Nine Months Ended September 30, 2018
AgroFresh Core
Revenues	$	45,917	$	64,647	$	96,272	$	112,489
Gross Profit	34,182		51,149		72,679		87,861
Tecnidex
Revenues	3,055		4,051		12,823		12,981
Gross Profit	898		887		4,900		4,699
Total Revenues	$	48,972	$	68,698	$	109,095	$	125,470
Total Gross Profit	$	35,080	$	52,036	$	77,579	$	92,560