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Stock impact report

Anika Reports Second Quarter Fiscal 2022 Financial Results

Anika Therapeutics Inc. (ANIK) 
Last anika therapeutics inc. earnings: 2/20 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.anikatherapeutics.com/investor-relations
Company Research Source: GlobeNewswire
Second quarter revenue growth up 4%X-Twist™ 510(k) clearance received; Limited market release on schedule for 2H 2022 BEDFORD, Mass., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Anika Therapeutics, Inc. (NASDAQ: ANIK), a global joint preservation company in early intervention orthopedics, today reported financial results for its second quarter ended June 30, 2022. Second Quarter 2022 Financial Summary Revenue in the second quarter of 2022 was $39.7 million, up 4% compared with $38.1 million in the second quarter of 2021 OA Pain Management1 revenue of $25.7 million, up 6%Joint Preservation and Restoration revenue of $12.1 million, up 2%Non-Orthopedic1 revenue of $1.8 million, down 6% Gross margin was 63%, including $1.6 million of non-cash acquisition-related expenses; Adjusted gross margin2 was 67%.Net loss was ($2.8) million, or ($0.20) per share, compared to net income of $6.5 million, or $0.45 per diluted share, in the prior year. Prior year net income included a $9.8 million, or $0.6 Show less Read more
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