You also need to look at the 'manufacturing division'. The reduced loss in this division would be due to the manufacturing improvements, but the 'Bio Implants' wouldn't necessarily see the benefit of these improvements in its P&L. The extra gross margin in the patch sales may be seen in the P&L of the manufacturing entity, not the Bio implants entity.
The Bio Implants division is also the entity that wore the cost of beefing up the sales force to begin ramping up sales. (and probably a bunch of redundancies too).
We do need to keep am eye on it though.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 Bio Implants 1 2013 2014 2015 2016 2017 2 Total Segment Revenue 12,000 397,387 2,637,846 5,280,707 6,874,394 3 4 Segment profit/(loss) -2,520,798 -1,514,015 -9,799,771 -10,295,796 -10,161,968 5 Segment assets 213,024 4,279,511 6,051,349 6,921,667 6,755,734 6 Segment liabilities 54,597 339,150 903,685 1,188,506 1,098,446 7 Other information 8 Acquisition of non-current assets 6,297 90,280 327,292 261,203 192,569 9 Depreciation 5,014 184,356 703,031 461,491 479,158 10 Asset write-down 53,175 5,915 200,288 11 Loss from equity accounting
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 Regen R&D / Manufacturing 1 2 Total Segment Revenue 3 2013 2014 2015 2016 2017 4 Segment profit/(loss) -1,429,236 -2,274,128 -3,250,849 -1,356,286 5 Segment assets 3,946,464 7,575,214 4,932,447 3,827,638 6 Segment liabilities 768,670 105,105 165,546 76,135 7 Other information 8 Acquisition of non-current assets 198,239 130,329 117,696 15,920 9 Depreciation 257,026 286,850 475,553 345,471 10 Asset write-down 68,950
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