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REVENUE
12 Months Ended
Dec. 31, 2019
REVENUE  
REVENUE

NOTE 8 - REVENUE

The following table summarizes the Company’s disaggregation of revenues:

 

 

 

 

 

 

 

 

 

 

 

    

Year ended December 31,

(U.S. dollars in thousands)

    

2017

    

2018

    

2019

Pfizer

 

$

12,181

 

$

5,320

 

6,722

Brazil

 

$

7,061

 

$

3,658

 

9,144

Revenues from selling goods

 

$

19,242

 

$

8,978

 

15,866

Revenues from license and R&D services

 

$

1,836

 

$

25,262

 

38,827

 

During the last quarter of 2019, the Company recognized revenues of approximately $4.5 million related to a $10.0 million future milestone payment. The Company assessed the likelihood of achieving the milestone using the most likely amount method and evaluated for the constraint by including in the transaction price variable consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur. Based on the Company’s judgement, the milestone payment is expected to be received in the beginning of 2021.