0.440.610.881.240.380.380.640.600001757097--12-312022Q2false6-K2022-06-30Centogene N.V.0.960.971.551.581.982.041.021.041.271.280.280.280.220.230.370.380.580.60

Exhibit 99.2

Centogene N.V.

Unaudited consolidated statements of comprehensive loss

(in EUR k)

    

    

For the three months ended June 30

    

For the six months ended June 30

2022

    

2021* (Revised)

    

2022

2021* (Revised)

Revenue

 

11,198

 

9,209

 

21,389

19,002

Cost of sales

 

6,586

 

6,617

 

13,036

12,825

Gross profit

 

4,612

 

2,592

 

8,353

6,177

Research and development expenses

 

4,457

 

4,053

 

9,071

8,388

General administrative expenses

 

9,378

 

10,494

 

17,284

22,090

Selling expenses

 

2,798

 

1,942

 

5,192

3,891

Impairment of financial assets

 

 

544

 

615

Gain on reversal of financial asset impairment

1,035

919

Other operating income

 

657

 

1,276

 

1,390

1,642

Other operating expenses

 

506

 

2

 

507

36

Operating loss

 

(10,835)

 

(13,167)

 

(21,392)

(27,201)

Changes in fair value of warrants

1,401

1,639

Interest and similar income

 

 

 

1

Interest and similar expense

 

2,278

 

175

 

3,137

434

Financial costs, net

 

(877)

 

(175)

 

(1,497)

(434)

Loss before taxes from continuing operations

 

(11,712)

 

(13,342)

 

(22,889)

(27,635)

Income tax expenses

 

175

 

124

 

179

124

Loss for the period from continuing operations

 

(11,887)

 

(13,466)

 

(23,068)

(27,759)

Net income from discontinued operations, net of tax

1,539

5,110

6,140

14,338

Loss for the period

(10,348)

(8,356)

(16,928)

(13,421)

Other comprehensive income/(loss), all attributable to equity holders of the parent

 

(71)

 

(191)

 

23

(70)

Total comprehensive loss

 

(10,419)

 

(8,547)

 

(16,905)

(13,491)

Attributable to:

 

 

 

Equity holders of the parent

 

(10,145)

 

(8,559)

 

(13,537)

Non‑controlling interests from continuing operations

 

 

 

(16,658)

Non‑controlling interests from discontinued operations

(274)

12

(247)

46

(10,419)

 

(8,547)

 

(16,905)

(13,491)

Net loss per share - Basic and diluted from (in EUR)

Continuing operations

(0.44)

(0.61)

(0.88)

(1.24)

Loss attributable to parent

(0.38)

(0.38)

(0.64)

(0.60)

 

 

*The comparative numbers have been re-presented as a result of the discontinued operations.

1

Centogene N.V.

Unaudited consolidated statements of financial position

(in EUR k)

Assets

    

    

June 30, 2022

    

Dec 31, 2021

 

Jan 1 2021

Revised

Revised

Noncurrent assets

 

 

  

 

  

Intangible assets

 

 

7,576

 

9,194

12,407

Property, plant and equipment*

 

 

7,217

 

9,464

16,590

Right-of-use assets

17,059

 

18,904

22,120

Other assets

 

 

2,972

 

2,972

1,967

 

34,824

 

40,534

53,084

Current assets

 

 

 

Inventories

 

 

2,154

 

3,869

11,405

Trade receivables and contract assets*

 

 

15,716

 

23,646

29,250

Other assets

 

 

3,954

 

5,453

8,286

Cash and cash equivalents

 

 

33,515

 

17,818

48,156

 

55,339

 

50,786

97,097

 

90,163

 

91,320

150,181

Equity and liabilities

    

    

June 30, 2022

    

Dec 31, 2021

 

Jan 1 2021

Revised

Revised

Equity

 

 

  

 

  

Issued capital

 

 

3,250

 

2,708

2,654

Capital reserve

 

 

144,027

 

133,897

125,916

Accumulated deficit and other reserves*

 

 

(126,171)

 

(109,414)

(63,477)

Non‑controlling interests

 

 

(54)

 

193

95

 

21,052

 

27,384

65,188

Noncurrent liabilities

 

 

 

Non‑current loans

 

 

23,632

 

401

Lease liabilities*

 

 

13,770

 

15,394

17,677

Deferred tax liabilities

 

 

49

 

79

207

Government grants

 

 

7,305

 

8,028

8,950

Other liabilities*

1,018

640

Warrants liability

1,194

 

45,950

 

24,519

27,875

Current liabilities

 

 

 

Government grants

 

 

1,351

 

1,368

1,342

Current loans

 

 

1,730

 

3,815

2,492

Lease liabilities*

 

 

2,713

 

3,330

3,528

Trade payables

 

 

4,757

 

11,252

31,736

Liabilities from income taxes

124

178

58

Other liabilities*

 

 

12,486

 

19,474

17,962

 

23,161

 

39,417

57,118

 

90,163

 

91,320

150,181

2

* Property, plant and equipment and lease liabilities as of December 31, 2021 and Trade receivables and contract assets and other liabilities as of December 31, 2021 and January 1, 2021 have been revised. Refer to Note 2 – Revision of previously issued financial statements.

3

Centogene N.V.

Unaudited consolidated statements of cash flows

(in EUR k)

For the six months ended June 30

    

    

2022

    

2021* (Revised)

Operating activities

 

 

  

 

  

Loss before taxes from continuing operations

(22,889)

(27,635)

Income before taxes from discontinued operations

6,153

14,338

Loss before taxes

 

 

(16,736)

(13,297)

Adjustments to reconcile loss to cash flow from operating activities

 

 

Amortization and depreciation

 

 

5,958

6,670

Interest income

(1)

Interest expense

 

 

3,137

471

Expected credit loss allowances on trade receivables and contract assets

675

Gain on revaluation of credit loss allowance on trade receivables and contract assets

(919)

Gain on disposal of property, plant and equipment

(683)

Share‑based payment (true up)/ expenses

 

 

(1,386)

4,276

Fair value adjustments of warrants

(1,639)

Tax expense

192

124

Other non‑cash items

 

 

(580)

126

Changes in operating assets and liabilities

 

 

Inventories

 

 

1,715

2,124

Trade receivables and contract assets

 

 

8,849

10,370

Other assets

 

 

1,499

328

Trade payables

 

 

(6,495)

(17,722)

Other liabilities

 

 

(8,060)

(1,975)

Thereof cash flow (used in) continuing operating activities

 

 

(22,504)

(16,603)

Thereof cash flow from discontinued operating activities

7,355

8,773

Net cash flow (used in) operating activities

(15,149)

(7,830)

Investing activities

 

 

Cash paid for investments in intangible assets

 

 

(151)

(2,089)

Cash paid for investments in property, plant and equipment

 

 

(843)

(2,696)

Cash received for disposal of property, plant and equipment

779

Thereof cash flow (used in) continuing investing activities

(994)

(2,397)

Thereof cash flow from/(used in) discontinued investing activities

779

(2,388)

Cash flow received/ (used in) investing activities

 

 

(215)

(4,785)

Financing activities

 

 

 

Cash received from issuance of shares

12,058

Cash received from issuance of warrants

2,833

Cash received from loans

 

 

21,695

1,769

Cash repayments of loans

 

 

(148)

(185)

Cash repayments of lease liabilities

 

 

(2,241)

(2,263)

Interest received

1

Interest paid

 

 

(3,137)

(82)

Thereof net cash flow from/(used in) continuing financing activities

31,542

(404)

Thereof net cash flow (used in) discontinued financing activities

(481)

(357)

Net cash flow from/ (used in) financing activities

 

 

31,061

(761)

Changes in cash and cash equivalents

 

 

15,697

(13,376)

Cash and cash equivalents at the beginning of the period

 

 

17,818

48,156

Cash and cash equivalents at the end of the period

 

 

33,515

34,780

* The comparative numbers have been re-presented as a result of the discontinued operations

4

1 Segment information

in EUR k

For the three months ended June 30, 2022

    

Pharmaceutical

    

Diagnostics

    

Corporate

    

Total

Total Revenues from contracts with external customers

3,653

7,545

11,198

Adjusted EBITDA

 

1,472

2,005

(9,413)

(5,936)

Capital Expenditures

 

Additions to property, plant and equipment and right-of-use assets

 

12

713

34

759

Additions to intangible assets

 

70

37

107

Other segment information

 

Depreciation and amortization

124

512

1,513

2,149

Research and development expenses

 

4,457

4,457

in EUR k

For the three months ended June 30, 2021

    

Pharmaceutical

    

Diagnostics*

    

Corporate

    

Total

Total Revenues from contracts with external customers

2,831

6,378

9,209

Adjusted EBITDA

 

647

278

(9,543)

(8,618)

Capital Expenditures

 

Additions to property, plant and equipment and right-of-use assets

 

3

105

108

Additions to intangible assets

 

241

522

763

Other segment information

 

Depreciation and amortization

410

412

1,493

2,315

Research and development expenses

 

4,053

4,053

For the six months ended June 30, 2022

in EUR k

    

Pharmaceutical

    

Diagnostics

    

Corporate

Total

Total Revenues from contracts with external customers

6,888

14,501

21,389

 

Adjusted EBITDA

 

2,571

2,719

(21,377)

(16,087)

Capital Expenditures

 

Additions to property, plant and equipment and right-of-use assets

 

12

713

113

838

Additions to intangible assets

 

99

52

151

Other segment information

 

Depreciation and amortization

251

953

3,308

4,512

Research and development expenses

 

9,071

9,071

5

For the six months ended June 30, 2021

in EUR k

    

Pharmaceutical

    

Diagnostics*

    

Corporate

    

Total

Total Revenues from contracts with external customers

6,429

12,573

19,002

Adjusted EBITDA

 

2,144

1,168

(21,563)

 

(18,251)

Capital Expenditures

 

 

 

Additions to property, plant and equipment and right-of-use assets

9

234

419

 

662

Additions to intangible assets

563

1,172

 

1,735

Other segment information

 

 

 

 

Depreciation and amortization

824

818

3,032

4,674

Research and development expenses

 

8,388

 

8,388

For the year ended December 31, 2021

in EUR k

    

Pharmaceutical

    

Diagnostics*

    

COVID-19*

    

Corporate

Total

Total Revenues from contracts with external customers

15,641

26,697

146,334

188,672

Adjusted EBITDA

 

4,843

2,952

20,903

 

(46,247)

(17,549)

Capital Expenditures

 

 

 

Additions to property, plant and equipment and right-of-use assets

690

261

2,480

 

936

4,367

Additions to intangible assets

2,401

386

 

2,787

Other segment information

 

 

 

 

Depreciation and amortization

2,076

2,539

9,511

5,848

19,974

Research and development expenses

 

 

19,297

19,297

* Total Revenues from contracts with external customers have been revised for the second quarter and first half of 2021 and for the year ended December 31, 2021. Refer to Note 2 – Revision of previously issued financial statements.

Adjusted EBITDA

Adjustments to income/ loss include non-cash charges in relation to depreciation, amortization (including impairments), one-off costs (as defined below), share-based payments as well as net financial costs and income taxes. Certain costs, and related income, are not allocated to the reporting segment results and represent the residual operating activities of the Group reported as ‘Corporate’. These costs include general financing costs and corporate overheads related to, centralized functions such as communications, information technology, facilities, legal, finance and accounting, insurance (D&O), human resources, business development and strategic initiatives, certain professional and consulting services, procurement, research and development and other supporting activities.

“One-off costs” are related to the costs incurred for the process of obtaining the equity and debt financing which were not directly attributable to the Oxford Loan or issuance of shares. One-off costs primarily include legal and consulting fees. These costs were disclosed under corporate expenses for the first quarter of 2022. Management reassessed and classified the one-off costs as an adjustment item for the first half of 2022.

Decreases in corporate expenses for the second quarter and first half of 2022 are mainly due to decreases in personnel costs and implementation of cost saving measures.

6

Reconciliation of segment Adjusted EBITDA to Group loss before taxes from continuing operations

    

For the three months ended June 30

in EUR k

2022

    

2021*

Reported segment Adjusted EBITDA

 

3,477

 

925

Corporate expenses

 

(9,413)

 

(9,543)

 

(5,936)

 

(8,618)

Share-based payment income/(expenses)

 

(571)

 

(2,234)

Depreciation and amortization

 

(2,149)

 

(2,315)

One-off costs

(2,179)

Operating loss from continuing operations

 

(10,835)

 

(13,167)

Financial costs, net

 

(877)

 

(175)

Income tax expenses

(175)

(124)

Loss before taxes from continuing operations for the three months ended June 30

 

(11,887)

 

(13,466)

    

For the six months ended June 30

in EUR k

2022

    

2021*

Reported segment Adjusted EBITDA

 

5,290

 

3,312

Corporate expenses

 

(21,377)

 

(21,563)

 

(16,087)

 

(18,251)

Share-based payment income/(expenses)

 

1,386

 

(4,276)

Depreciation and amortization

 

(4,512)

 

(4,674)

One-off costs

(2,179)

Operating loss from continuing operations

 

(21,392)

 

(27,201)

Financial costs, net

 

(1,497)

 

(434)

Income tax expenses

 

(179)

 

(124)

Loss before taxes from continuing operations for the six months ended June 30

 

(23,068)

 

(27,759)

Reconciliation of segment Adjusted EBITDA to Group loss for the period

in EUR k

2021*

    

2020*

2019*

Reported segment Adjusted EBITDA

 

28,697

 

40,655

17,020

Corporate expenses

 

(46,247)

 

(39,918)

(22,949)

 

(17,550)

 

737

(5,929)

Share-based payment income/(expenses)

 

(8,035)

 

(5,658)

(6,418)

Depreciation and amortization

 

(19,974)

 

(15,128)

(6,579)

Operating loss

 

(45,559)

 

(20,049)

(18,926)

Financial costs, net

 

(848)

(1,394)

(2,013)

Income tax expenses

 

24

(281)

(158)

Loss for the year

 

(46,383)

 

(21,724)

(21,097)

* Reported segment Adjusted EBITDA has been revised for the second quarter and first half of 2021 and for the years ended December 31, 2021, 2020 and 2019. Refer to Note 2 – Revision of previously issued financial statements.

Non-current asset locations

Non-current assets of the Group consist of right-of-use assets (under IFRS 16), property, plant and equipment, as well as intangible assets. All of such assets are located in Germany, which is the country of the business address of Centogene GmbH, except for property, plant and equipment of EUR 115k (December 31, 2021: EUR 147k) and right-of-use assets of EUR Nil (December 31, 2021: EUR 137k), which are located in the United States.

7

8

2 Revision of previously issued financial statements

During the preparation of unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2022, the Group identified unadjusted differences related to certain property, plant and equipment and lease liabilities balances on the consolidated statement of financial position and cost of sales and other operating income amounts in the statements of comprehensive loss as of and for the year ended December 31, 2021.

During the preparation of the unaudited financial results for the second quarter ended June 30, 2022, the Group identified unadjusted differences related to revenue recognized and impairment losses for the years ended December 31, 2021, December 31, 2020 and December 31, 2019 and trade receivables outstanding as of December 31, 2021, 2020 and 2019 for the Diagnostics segment.

The Group assessed the materiality of these unadjusted differences on the previously issued consolidated financial statements and concluded that the errors were not material to any period presented. 

The Group revised the amounts presented for certain property, plant and equipment, lease liabilities, trade receivables and other liabilities balances on the consolidated statement of financial position and revenue, cost of sales, impairment of financial assets and other operating income amounts in the statements of comprehensive loss for the previous periods.

The impact of the revision on the previously issued financial statements is disclosed below.

The impact of the revisions on the consolidated statements of financial position as of March 31, 2022 and 2021, are as follows:

in EUR k

March 31 2022 (as previously reported)

March 31 2022 (revised)

March 31 2021 (as previously reported)

March 31 2021 (revised)

Noncurrent assets

36,801

36,801

54,116

54,116

Trade receivables and contract assets

21,125

20,380

28,604

28,520

Current assets

71,301

70,556

91,318

91,234

Total Assets

108,102

107,357

145,434

145,350

Equity and liabilities

Retained earnings and other reserves

(114,120)

(115,927)

(67,691)

(68,455)

Equity

32,806

30,999

63,051

62,287

Other liabilities

-

-

-

680

Noncurrent liabilities

46,598

46,598

26,050

26,730

Other liabilities

14,559

15,621

22,591

22,591

Current liabilities

28,698

29,760

56,333

56,333

Total Equity and Liabilities

108,102

107,357

145,434

145,350

9

The impact of the revisions on the consolidated statements of comprehensive income for the three months ended March 31, 2022 and 2021 are as follows:

in EUR k

For the three months ended March 31 2022 (as previously reported)

For the three months ended March 31 2022 (as revised)

For the three months ended March 31 2021 (as previously reported)

For the three months ended March 31 2021 (revised)

Revenue

10,327

10,191

9,981

9,793

Cost of sales

6,450

6,450

6,208

6,208

Gross profit

3,877

3,741

3,773

3,585

Research and development expenses

4,614

4,614

4,335

4,335

General administrative expenses

7,906

7,906

11,596

11,596

Selling expenses

2,394

2,394

1,949

1,949

Impairment of financial assets

154

116

95

71

Other operating income

733

733

366

366

Other operating expenses

1

1

34

34

Operating loss

(10,459)

(10,557)

(13,870)

(14,034)

Loss for the period from continuing operations

(11,083)

(11,180)

(14,129)

(14,293)

Net income from discontinued operations, net of tax

4,601

4,601

9,240

9,227

Loss for the period

(6,482)

(6,579)

(4,889)

(5,066)

Total comprehensive loss

(6,388)

(6,485)

(4,768)

(4,945)

Loss per share- Basic and diluted (in EUR)

(0.28)

(0.28)

(0.22)

(0.23)

The impact of the revisions on the consolidated statements of financial position as of June 30, 2021 are as follows:

in EUR k

June 30, 2021 (as previously reported)

June 30, 2021 (as revised)

Noncurrent assets

52,171

52,171

Trade receivables and contract assets

18,490

18,204

Current assets

68,615

68,329

Total Assets

120,786

120,500

Equity and liabilities

Retained earnings and other reserves

(75,913)

(77,015)

Equity

57,074

55,972

Other liabilities

-

816

Noncurrent liabilities

25,295

26,111

Current liabilities

38,417

38,417

Total Equity and Liabilities

120,786

120,500

10

The impact of the revisions on the consolidated statements of comprehensive income for the three and six months ended June 30, 2021 are as follows:

in EUR k

For the three months ended June 30, 2021 (as previously reported - including Discontinued Operations)

For the three months ended June 30, 2021 (as revised)

For the six months ended June 30, 2021 (as previously reported - including Discontinued Operations)

For the six months ended June 30, 2021 (as revised)

Revenue

9,546

9,209

19,527

19,002

Cost of sales

6,617

6,617

12,825

12,825

Gross profit

2,929

2,592

6,702

6,177

Research and development expenses

4,053

4,053

8,388

8,388

General administrative expenses

10,494

10,494

22,090

22,090

Selling expenses

1,942

1,942

3,891

3,891

Impairment of financial assets

580

544

675

615

Other operating income

1,276

1,276

1,642

1,642

Other operating expenses

2

2

36

36

Operating loss

(12,866)

(13,167)

(26,736)

(27,201)

Loss for the period from continuing operations

(13,165)

(13,466)

(27,294)

(27,759)

Net income from discontinued operations, net of tax

5,145

5,110

14,385

14,338

Loss for the period

(8,020)

(8,356)

(12,909)

(13,421)

Total comprehensive loss

(8,211)

(8,547)

(12,979)

(13,491)

Net loss per share- Basic and diluted (in EUR)

(0.37)

(0.38)

(0.58)

(0.60)

The impact of the revisions on the consolidated statements of financial position as of September 30, 2021 are as follows:

in EUR k

September 30, 2021 (as previously reported)

September 30, 2021 (as revised)

Noncurrent assets

45,781

45,781

Trade receivables and contract assets

13,907

13,444

Current assets

50,409

49,946

Total Assets

96,190

95,727

Equity and liabilities

Retained earnings and other reserves

(97,523)

(98,925)

Equity

37,376

35,974

Other liabilities

-

939

Noncurrent liabilities

24,136

25,075

Current liabilities

34,678

34,678

Total Equity and Liabilities

96,190

95,727

11

The impact of the revisions on the consolidated statements of comprehensive income for the three and nine months ended September 30, 2021 are as follows:

in EUR k

For the three months ended September 30, 2021 (as previously reported - including Discontinued Operations)

For the three months ended September 30, 2021 (as revised)

For the nine months ended September 30, 2021 (as previously reported - including Discontinued Operations)

For the nine months ended September 30, 2021 (as revised)

Revenue

9,993

9,661

29,520

28,663

Cost of sales

6,828

6,828

19,653

19,653

Gross profit

3,165

2,833

9,867

9,010

Research and development expenses

3,821

3,821

12,209

12,209

General administrative expenses

10,406

10,406

32,496

32,496

Selling expenses

2,206

2,206

6,097

6,097

Impairment of financial assets

502

471

1,177

1,086

Other operating income

1,011

1,011

2,653

2,653

Other operating expenses

-

-

36

36

Operating loss

(12,759)

(13,060)

(39,495)

(40,261)

Loss for the period from continuing operations

(13,057)

(13,358)

(40,351)

(41,117)

Net income from discontinued operations, net of tax

(8,587)

(8,587)

5,798

5,751

Loss for the period

(21,644)

(21,945)

(34,553)

(35,366)

Total comprehensive loss

(21,558)

(21,859)

(34,537)

(35,350)

Net loss per share- Basic and diluted (in EUR)

(0.96)

(0.97)

(1.55)

(1.58)

12

The impact of the revisions on the consolidated statements of financial position as of December 31, 2021, 2020 and 2019, are as follows:

in EUR k

Dec 31, 2021
(as previously reported)

Dec 31, 2021 (as revised)

Dec 31, 2020
(as previously reported)

Dec 31, 2020 (as revised)

Dec 31, 2019
(as previously reported)

Dec 31, 2019 (as revised)

Noncurrent assets

40,534

40,534

53,084

53,084

49,401

49,401

Trade receivables and contract assets

24,337

23,646

29,199

29,250

16,593

16,554

Current assets

51,477

50,786

97,046

97,097

68,109

68,070

Total Assets

92,011

91,320

150,130

150,181

117,510

117,471

Equity and liabilities

Issued capital

2,708

2,708

2,654

2,654

2,383

2,383

Capital reserve

133,897

133,897

125,916

125,916

98,099

98,099

Retained earnings and other reserves

(107,705)

(109,414)

(62,888)

(63,477)

(40,622)

(40,865)

Non‑controlling interests

193

193

95

95

(938)

(938)

Equity

29,093

27,384

65,777

65,188

58,922

58,679

Other liabilities

-

1,018

-

640

-

204

Noncurrent liabilities

23,501

24,519

27,235

27,875

29,588

29,792

Current liabilities

39,417

39,417

57,118

57,118

29,000

29,000

Total Equity and Liabilities

92,011

91,320

150,130

150,181

117,510

117,471

The impact of the revisions on the consolidated statements of comprehensive income for the years ended December 31, 2021, 2020, and 2019 are as follows:

in EUR k

Dec 31, 2021
(as previously reported)

Dec 31, 2021 (as revised)

Dec 31, 2020
(as previously reported)

Dec 31, 2020 (as revised)

Dec 31, 2019
(as previously reported)

Dec 31, 2019 (as revised)

Revenue

189,923

188,672

128,381

127,679

48,780

48,538

Cost of sales

160,448

160,448

83,437

83,437

26,005

26,005

Gross profit

29,475

28,224

44,944

44,242

22,775

22,533

Research and development expenses

19,297

19,297

14,935

14,935

9,590

9,590

General administrative expenses

46,739

46,739

40,160

40,160

23,160

23,160

Selling expenses

9,860

9,860

8,026

8,026

9,254

9,254

Impairment of financial assets

1,140

1,009

3,738

3,382

752

752

Other operating income

3,209

3,209

2,394

2,394

3,781

3,781

Other operating expenses

86

86

182

182

1,284

1,284

Real estate transfer tax expenses

-

-

-

-

1,200

1,200

Operating loss

(44,438)

(45,558)

(19,703)

(20,049)

(18,684)

(18,926)

Loss for the year

(45,262)

(46,382)

(21,378)

(21,724)

(20,855)

(21,097)

Total comprehensive loss

(44,719)

(45,839)

(21,426)

(21,772)

(20,839)

(21,081)

Loss per share- Basic and diluted (in EUR)

(1.98)

(2.04)

(1.02)

(1.04)

(1.27)

(1.28)

The revisions above have no impact on the changes in cash, cash equivalents and net cash flows in operating, investing, and financing activities within the consolidated statements of cash flows for all periods presented.

13

However, the revision will result in cash outflows in the amount of € 910 thousand subsequent to the release date of this financial information.

The impact of the revisions on the consolidated statements of cash flows as of June 30, 2021 are as follows:

For the six months ended June 30

    

    

2021

    

2021 (Revised)

Operating activities

 

 

  

 

  

Loss before taxes from continuing operations

(27,170)

(27,635)

Income before taxes from discontinued operations

14,385

14,338

Loss before taxes

 

 

(12,785)

(13,297)

Adjustments to reconcile loss to cash flow from operating activities

 

 

Amortization and depreciation

 

 

6,670

6,670

Interest expense

 

 

471

471

Expected credit loss allowances on trade receivables and contract assets

675

675

Gain on revaluation of credit loss allowance on trade receivables and contract assets

Gain on disposal of property, plant and equipment

Share‑based payment (true up)/ expenses

 

 

4,276

4,276

Tax expense

124

124

Other non‑cash items

 

 

126

126

Changes in operating assets and liabilities

 

 

Inventories

 

 

2,124

2,124

Trade receivables and contract assets

 

 

10,034

10,370

Other assets

 

 

328

328

Trade payables

 

 

(17,722)

(17,722)

Other liabilities

 

 

(2,151)

(1,975)

Thereof cash flow (used in) continuing operating activities

 

 

(16,650)

(16,603)

Thereof cash flow from discontinued operating activities

8,820

8,773

Net cash flow (used in) operating activities

(7,830)

(7,830)

Investing activities

 

 

Cash flow received/ (used in) investing activities

 

 

(4,785)

(4,785)

Financing activities

 

 

 

Net cash flow from/ (used in) financing activities

 

 

(761)

(761)

Changes in cash and cash equivalents

 

 

(13,376)

(13,376)

Cash and cash equivalents at the beginning of the period

 

 

48,156

48,156

Cash and cash equivalents at the end of the period

 

 

34,780

34,780

14