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Revenues from contracts with customers
9 Months Ended
Sep. 30, 2020
Revenues from contracts with customers  
Revenues from contracts with customers

4 Revenues from contracts with customers

Three months ended September 30

 

 

 

 

 

 

 

 

in EUR k

 

Three Months Ended September 30, 2019

 

    

Pharmaceutical

    

Diagnostics

    

Total

Rendering of services

 

4,512

 

6,805

 

11,317

Sales of goods

 

321

 

 —

 

321

Total Revenues from contracts with external customers

 

4,833

 

6,805

 

11,638

 

 

 

 

 

 

 

Recognized over time

 

4,512

 

6,805

 

11,317

Recognized at a point in time

 

321

 

 —

 

321

Total Revenues from contracts with external customers

 

4,833

 

6,805

 

11,638

 

 

 

 

 

 

 

Geographical information

 

 

 

 

 

 

Europe

 

18

 

1,945

 

1,963

—Germany*

 

18

 

78

 

96

Middle East

 

 —

 

3,407

 

3,407

—Saudi Arabia#

 

 —

 

1,921

 

1,921

North America

 

4,815

 

325

 

5,140

—United States#

 

4,815

 

307

 

5,122

Latin America

 

 —

 

829

 

829

Asia Pacific

 

 —

 

299

 

299

Total Revenues from contracts with external customers

 

4,833

 

6,805

 

11,638


* country of the incorporation of Centogene GmbH

# countries contributing more than 10% of the Group’s total consolidated revenues for the three months ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

in EUR k

 

Three Months Ended September 30, 2020

 

    

Pharmaceutical

    

Diagnostics

 

Covid-19

    

Total

Rendering of services

 

3,598

 

5,069

 

26,795

 

35,462

Sales of goods

 

202

 

 —

 

641

 

843

Total Revenues from contracts with external customers

 

3,800

 

5,069

 

27,436

 

36,305

 

 

 

 

 

 

 

 

 

Recognized over time

 

3,598

 

5,069

 

8,693

 

17,360

Recognized at a point in time

 

202

 

 —

 

18,743

 

18,945

Total Revenues from contracts with external customers

 

3,800

 

5,069

 

27,436

 

36,305

 

    

 

 

 

 

 

 

 

Geographical information

 

 

 

 

 

 

 

 

Europe

 

39

 

1,547

 

27,238

 

28,824

—Germany*#

 

20

 

52

 

26,568

 

26,640

Netherlands**

 

 —

 

 —

 

 2

 

 2

Middle East

 

26

 

2,648

 

 —

 

2,674

North America

 

3,735

 

333

 

197

 

4,265

—United States#

 

3,735

 

299

 

197

 

4,231

Latin America

 

 —

 

398

 

 1

 

399

Asia Pacific

 

 —

 

143

 

 —

 

143

Total Revenues from contracts with external customers

 

3,800

 

5,069

 

27,436

 

36,305


* country of the incorporation of Centogene GmbH

** country of the incorporation of Centogene N.V.

# countries contributing more than 10% of the Group’s  total consolidated revenues for the three months ended September 30, 2020

 

Nine months ended September 30

 

 

 

 

 

 

 

 

in EUR k

 

Nine months ended September 30, 2019

 

    

Pharmaceutical

    

Diagnostics

    

Total

Rendering of services

 

12,545

 

20,028

 

32,573

Sales of goods

 

986

 

 —

 

986

Total Revenues from contracts with external customers

 

13,531

 

20,028

 

33,559

 

 

 

 

 

 

 

Recognized over time

 

11,964

 

20,028

 

31,992

Recognized at a point in time

 

1,567

 

 —

 

1,567

Total Revenues from contracts with external customers

 

13,531

 

20,028

 

33,559

 

    

 

 

 

 

 

Geographical information

 

 

 

 

 

 

Europe

 

298

 

5,357

 

5,655

—Germany*

 

213

 

211

 

424

Middle East

 

61

 

10,117

 

10,178

—Saudi Arabia#

 

 —

 

5,102

 

5,102

North America

 

13,172

 

1,646

 

14,818

—United States#

 

13,172

 

1,280

 

14,452

Latin America

 

 —

 

2,148

 

2,148

Asia Pacific

 

 —

 

760

 

760

Total Revenues from contracts with external customers

 

13,531

 

20,028

 

33,559


*country of the incorporation of Centogene GmbH

# countries contributing more than 10% of the Group's total consolidated revenues for the nine months ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

in EUR k

 

Nine months ended September 30, 2020

 

    

Pharmaceutical

    

Diagnostics

 

Covid-19

    

Total

Rendering of services

 

11,478

 

16,308

 

28,848

 

56,634

Sales of goods

 

812

 

 —

 

683

 

1,495

Total Revenues from contracts with external customers

 

12,290

 

16,308

 

29,531

 

58,129

 

 

 

 

 

 

 

 

 

Recognized over time

 

11,478

 

16,308

 

9,215

 

37,001

Recognized at a point in time

 

812

 

 —

 

20,316

 

21,128

Total Revenues from contracts with external customers

 

12,290

 

16,308

 

29,531

 

58,129

 

    

 

 

 

 

 

 

 

Geographical information

 

 

 

 

 

 

 

 

Europe

 

106

 

4,282

 

29,323

 

33,711

—Germany*#

 

58

 

144

 

28,645

 

28,847

Netherlands**

 

 —

 

 3

 

 2

 

 5

Middle East

 

74

 

8,852

 

 —

 

8,926

North America

 

12,110

 

1,446

 

206

 

13,762

—United States#

 

12,110

 

1,254

 

206

 

13,570

Latin America

 

 —

 

1,362

 

 2

 

1,364

Asia Pacific

 

 —

 

366

 

 —

 

366

Total Revenues from contracts with external customers

 

12,290

 

16,308

 

29,531

 

58,129


* country of the incorporation of Centogene GmbH

** country of the incorporation of Centogene N.V.

# countries contributing more than 10% of the Group's total consolidated revenues for the nine months ended September 30, 2020

The Group collaborated with the majority of our pharmaceutical partners on a worldwide basis in 2019 and 2020. In addition, in cases where our pharmaceutical partners are developing a new rare disease treatment, it is generally anticipated that the final approved treatment will be made available globally.  As a result, we allocate the revenues of our pharmaceutical segment by geographical region by reference to the location where each pharmaceutical partner mainly operates, which is based on the region from which most of their revenues are generated. The allocation of revenues in our diagnostics segment and COVID-19 segments are based on the location of each customer.

Pharmaceutical segment

During the three and nine months ended September 30, 2020, revenues from one pharmaceutical partner represented 7.3% and 14.4% respectively, of the Group's total revenues (the three and nine months ended September 30, 2019: 25.4% and 26.5%, respectively).

During the nine months ended September 30, 2019, we have entered into two collaborations with an existing pharmaceutical partner, of which upfront fees of EUR 430k, representing the transaction price allocated to the one-off transfer of the Group's intellectual property, were received and recognized as revenues. No such revenues were recognized in the three and nine months ended September 30, 2020 and the three months ended September 30, 2019.

Covid-19 segment

The Company has commenced testing for COVID-19 in March 2020. Starting from the Mecklenburg-Western Pomerania region of Germany focusing on employees and essential workers in Rostock, the testing for COVID-19 was further expanded to nursing homes as well as to high school students in Germany, and made available to the rest of the world in May 2020. Some of the tests are offered free of charge by the Company, while others are offered in collaboration with the state government, educational institutions and other companies, as well as via the online marketplace. In particular we expanded our COVID-19 testing and entered into new collaborations during the third quarter by launching a CE-labelled CentoSwab (a two-component dry plastic swab for oropharyngeal swab sampling), and opened test centers at Hamburg Airport, Düsseldorf Airport, the Free State of Bavaria and Munich and Nuremberg Central Stations.

COVID-19 revenues are based on a negotiated price per test or on the basis of agreements covering tests to be performed over defined periods. Given the short turnaround time for the COVID-19 tests, revenues from COVID-19 tests that are on a price per test basis are considered as recognized at a point in time. Revenues from COVID-19 tests that are on the basis of agreements covering tests to be performed over defined periods are considered as recognized over time.

During the three and nine months ended September 30, 2020, revenues from two COVID-19 partners represented 25.4% and 23.9% for the quarter and 15.9% and 15.0% for the nine months ended, respectively, of the Group’s total revenues.

To support the expansion of test offerings, the Company acquired laboratory facilities and equipment, developed a Corona Test Portal and leased laboratory space at several locations in Germany. Additionally, COVID-19 testing capacity is provided through our custom-built CentoTruck, a mobile laboratory in a container setup to carry out the COVID-19 analysis. Total investments in COVID-19 testing as of September 30, 2020 amounted to approximately € 6.3 million, of which approximately € 4.8 million and €0.6 million, respectively, are included in property, plant and equipment and right-of-use assets. An amount of € 0.9 million is included in intangible assets and relates to the development of the Corona Test Portal.