Anika Reports Fourth Quarter and Year-End 2023 Financial Results [Yahoo! Finance]
Anika Therapeutics Inc. (ANIK)
Last anika therapeutics inc. earnings: 2/20 04:05 pm
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US:NASDAQ Investor Relations:
ir.anikatherapeutics.com/investor-relations
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Source: Yahoo! Finance
Announces cost reduction initiatives providing annualized savings of approximately $10 million Anika positioned to generate adjusted EBITDA of $25 to $30 million in 2024, up over 75% at the midpoint, representing an adjusted EBITDA margin of at least 15% BEDFORD, Mass., March 13, 2024 (GLOBE NEWSWIRE) -- Anika Therapeutics, Inc. (NASDAQ: ANIK), a global joint preservation company in early intervention orthopedics, today reported financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter Financial Summary Revenue in the fourth quarter of 2023 was $43.0 million, up 8% compared to $39.6 million in the fourth quarter of 2022. OA Pain Management revenue of $25.1 million, up 12%, on growing global commercial adoption and some order timing Joint Preservation and Restoration revenue of $15.3 million, up 7% Non-Orthopedic revenue of $2.6 million, down 8% Gross margin was 61%, including $1.6 million of non-cash acquisition-related intangible
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ANIK
News
- Anika Therapeutics (NASDAQ:ANIK) shareholders have endured a 37% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
- Anika to Issue First Quarter 2024 Financial Results on Wednesday, May 8, 2024GlobeNewswire
- Anika to Participate in the 23rd Annual Needham Virtual Healthcare Conference [Yahoo! Finance]Yahoo! Finance
- Anika to Participate in the 23rd Annual Needham Virtual Healthcare ConferenceGlobeNewswire
- Anika Therapeutics, Inc. (NASDAQ: ANIK) had its price target raised by analysts at Barrington Research from $29.00 to $37.00. They now have an "outperform" rating on the stock.MarketBeat
ANIK
Earnings
- 3/13/24 - Beat
ANIK
Sec Filings
- 4/26/24 - Form 10-K/A
- 4/5/24 - Form SC
- 3/19/24 - Form 4
- ANIK's page on the SEC website