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Segment Information
 9 Months Ended
Sep. 30, 2020
Segment Information [Abstract]  
Segment Information 15. Segment Information  

 

We have two reportable segments organized according to our products and services: Medical Devices and Preservation Services. The Medical Devices segment includes external revenues from product sales of BioGlue, JOTEC (which includes AMDS and NEXUS revenues), On-X, CardioGenesis cardiac laser therapy, PerClot, and PhotoFix. The Preservation Services segment includes external services revenues from the preservation of cardiac and vascular tissues and NeoPatch. There are no intersegment revenues. 

The primary measure of segment performance, as viewed by our management, is segment gross margin or net external revenues less cost of products and preservation services. We do not segregate assets by segment; therefore, asset information is excluded from the segment disclosures below.

The following table summarizes revenues, cost of products and preservation services, and gross margins for our operating segments (in thousands): 

Three Months Ended

Nine Months Ended

September 30,

September 30,

2020

2019

2020

2019

Revenues:

Medical devices

$

45,109

$

47,484

$

128,797

$

147,053

Preservation services

20,022

20,397

56,534

59,472

Total revenues

65,131

67,881

185,331

206,525

Cost of products and preservation services:

Medical devices

12,998

12,706

36,078

41,021

Preservation services

9,001

9,953

26,060

29,043

Total cost of products and preservation services

21,999

22,659

62,138

70,064

Gross margin:

Medical devices

32,111

34,778

92,719

106,032

Preservation services

11,021

10,444

30,474

30,429

Total gross margin

$

43,132

$

45,222

$

123,193

$

136,461

The following table summarizes net revenues by product and service (in thousands): 

Three Months Ended

Nine Months Ended

September 30,

September 30,

2020

2019

2020

2019

Products:

BioGlue

$

15,811

$

15,679

$

44,985

$

50,834

JOTEC

15,290

15,774

43,932

48,936

On-X

12,067

12,610

34,385

36,751

PhotoFix

1,134

1,087

3,056

2,752

PerClot

724

980

2,081

2,814

CardioGenesis cardiac laser therapy

83

1,354

358

4,966

Total products

45,109

47,484

128,797

147,053

Preservation services:

Cardiac tissue

10,679

11,304

28,758

30,734

Vascular tissue

9,285

9,093

27,657

28,738

NeoPatch

58

--

119

--

Total preservation services

20,022

20,397

56,534

59,472

Total revenues

$

65,131

$

67,881

$

185,331

$

206,525