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Anika Therapeutics, Inc. ANIK R2K

Healthcare · Drug Manufacturers - Specialty & Generic · United States
https://www.anika.com

Anika Therapeutics, Inc., a joint preservation company, focuses on early intervention orthopedics in the United States, Europe, and internationally. The company offers osteoarthritis (OA) pain management products and services, such as Monovisc and Orthovisc, which are single- and multi-injection, HA viscosupplement products indicated for pain relief from OA conditions, as well as Cingal, a non-opioid, single-injection OA pain management product; regenerative solutions, including an HA-based scaffold with bone and tendon fixation components and arthroscopic delivery instruments; Hyalofast, a resorbable scaffold used for single stage cartilage regeneration; and Tactoset injectable bone substitute, an HA-enhanced injectable bone repair therapy designed to treat insufficiency fractures and augment hardware fixation. It also provides Integrity, an HA-based scaffold with bone and tendon fixation components and arthroscopic delivery instruments; non-orthopedic products, including Hyvisc, a high molecular weight injectable HA veterinary product for the treatment of joint dysfunction in horses due to non-infectious synovitis associated with equine OA; Hyalobarrier, an anti-adhesion barrier indicated for use after abdominal-pelvic surgeries; and ophthalmic products; and Anikavisc and Nuvisc high molecular weight HA products. The company was founded in 1983 and is headquartered in Bedford, Massachusetts.

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$14.53
+30.31% 1Y

Market & Price

Market Cap
$193.33M
Current Price
$14.53
High / Low (52W)
$16.00 / $8.10
Beta
0.16

Valuation

Stock P/E
-
Industry PE
23.65
Forward P/E
31.59
PEG Ratio
3.63
Book Value
$10.03
Price to Book
1.45
P/S
1.66
EV/EBITDA
-25.95
Dividend Yield
-

Profitability & Returns

ROCE
-6.56%
ROE
-7.85%
ROA
-4.14%
Profit Margin
-9.52%
Op Margin
-18.53%
EPS (Latest Qtr)
$-0.37
EPS (TTM)
$-0.79

Balance Sheet & Liquidity

Debt/Equity
0.19
Quick Ratio
3.19
Current Ratio
4.46
Debt
$25.74M
Total Assets
$190.27M
Current Assets
$103.36M
Working Capital
$81.45M

Ownership

Promoter Holding
5.97%
Chg in Prom Hold
0.04%
FII / Inst Holding
94.73%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$178.05M
Total Revenue (TTM)
$116.26M
EBITDA
$-6.86M
Free Cash Flow
$6.36M
Operating Cash Flow
$6.47M
Shares Outstanding
13.31M
Gross Margin
58.59%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-0.30%
Profit 5Y
8.93%
Revenue (YoY)
13.20%
Earnings (YoY)
-

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -0.3% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ANIK Anika Therapeutics, Inc. R2K 14.53 - $193.33M - -6.56% -7.85% -0.30% 8.93%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
6 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
7 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
8 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
9 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
Ad space

Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -------23.39M33.46M27.18M29.39M21.26M30.55M26.79M26.96M24.72M30.42M29.70M29.77M35.40M30.68M31.69M32.69M34.29M38.15M39.54M36.69M39.66M40.26M37.92M44.30M41.47M29.02M30.72M-26.17M28.22M27.82M30.61M29.61M
Cost of Revenue -----------------------------------11.49M13.86M12.23M11.44M10.62M
Gross Profit 17.62M18.50M19.32M16.85M20.51M20.79M20.76M17.30M22.02M20.93M20.17M13.41M22.39M18.50M19.95M17.41M23.58M23.75M21.12M21.20M13.74M17.34M16.75M20.97M20.81M23.02M21.80M24.86M22.78M22.84M28.97M24.94M18.98M20.49M-14.68M14.36M15.58M19.18M19.00M
Operating Expenses -----------------------------------18.96M18.54M18.82M18.53M24.48M
Operating Income 12.43M13.13M-10.71M13.47M13.69M-8.01M17.73M10.27M--7.83M11.25M8.57M-5.48M11.91M12.05M-7.09M-9.54M-7.93M-1.26M9.18M1.30M-3.55M-3.38M-5.80M-12.55M-3.63M-7.67M-2.50M-1.81M--4.28M-4.18M-3.23M646.00K-5.49M
EBITDA ------------------------------------2.69M-2.76M-1.83M1.96M-4.08M
Interest Expense ----------------------------------------
Pretax Income ------------------------------------3.87M-3.97M-2.24M764.00K-4.82M
Tax Provision -----------------------------------89.00K681.00K939.00K-1.04M235.00K
Net Income 7.82M8.38M11.04M6.89M8.62M8.95M8.09M5.49M11.37M6.89M8.07M-6.69M10.09M7.60M7.72M4.51M9.44M9.20M4.05M5.79M-7.71M-6.41M-15.66M2.84M6.53M558.00K-2.93M-2.84M-4.17M-10.35M-2.74M-6.58M-4.51M-88.00K--4.87M-3.97M-2.33M292.00K-5.06M
Diluted EPS 0.510.550.720.450.570.590.540.370.760.460.53-0.460.680.530.540.310.670.660.280.40-0.54-0.45-1.100.200.450.04-0.20-0.20-0.29-0.71-0.19-0.45-0.310.00--0.34-0.28-0.160.02-0.37
R&D Expense 1.81M2.06M-2.16M2.79M2.82M-4.23M4.45M5.84M-5.16M4.73M4.23M-4.26M4.17M4.16M-6.05M4.53M5.22M-6.36M7.29M7.67M6.16M6.97M7.30M8.40M8.91M7.79M6.41M6.68M5.95M6.06M6.31M6.95M-6.71M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------103.38M113.42M105.56M114.61M130.46M-113.83M120.79M119.91M112.82M
Cost of Revenue -------------40.61M38.26M43.91M49.01M
Gross Profit ---------74.28M85.86M69.03M-73.22M82.53M76.00M63.81M
Operating Expenses -------------69.55M81.69M81.10M74.86M
Operating Income 5.59M7.54M13.97M19.72M32.61M61.45M48.13M50.61M45.73M21.75M34.25M-28.32M-3.67M844.00K-5.10M-11.05M
EBITDA -------------18.16M15.06M3.02M-5.32M
Interest Expense -----------------
Pretax Income -------------4.32M3.16M-2.76M-9.31M
Tax Provision -------------2.12M6.59M6.06M672.00K
Net Income 3.69M4.32M8.47M11.76M20.57M38.32M30.76M32.55M31.82M18.72M27.19M-23.98M--14.86M-82.67M-56.38M-10.88M
Diluted EPS 0.320.320.620.821.392.512.012.152.111.271.89-1.69--1.02-5.64-3.83-0.76
R&D Expense 8.18M6.87M6.17M5.39M7.06M8.14M8.99M10.73M18.79M18.19M16.66M23.43M27.33M18.32M21.76M25.54M25.77M

Compounded Sales Growth

5 Years:-0.30%
1 Year:13.20%

Compounded Profit Growth

5 Years:8.93%
1 Year:-

Stock Price Performance

1 Year:+30.31%
6 Months:+45.59%
3 Months:+1.18%
1 Month:+17.27%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --128.94M132.84M142.07M156.04M192.81M235.75M240.25M282.62M278.99M330.71M365.61M-349.13M270.63M202.74M190.27M
Current Assets --------------169.55M163.31M113.65M103.36M
Cash & Equivalents 43.19M24.43M28.20M35.78M44.07M63.33M100.16M110.71M104.26M133.26M89.04M157.46M95.82M-86.33M68.74M55.63M57.48M
Inventory --------------39.77M24.43M23.81M18.79M
Receivables --------------34.63M26.36M23.59M23.69M
Total Liabilities --------------63.56M58.37M48.75M46.80M
Current Liabilities --19.37M14.54M14.45M9.28M5.97M17.28M8.80M13.07M11.29M16.28M36.87M-27.91M31.06M23.31M21.91M
Long Term Debt --11.20M9.60M8.00M-------------
Total Debt --------------30.89M27.74M25.93M26.25M
Total Equity 60.76M82.14M85.19M94.76M108.92M135.63M178.10M210.85M222.77M263.49M263.61M288.38M272.40M-285.56M212.26M153.99M143.47M
Shares Outstanding --------------14.62M14.85M15.01M15.38M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 3.09M7.85M10.17M10.55M25.16M39.98M39.91M24.45M40.81M34.92M37.01M13.06M-4.41M-1.79M5.40M11.19M
Investing Cash Flow -20.22M-2.68M-1.40M-1.50M-253.00K-8.30M-30.23M-6.76M-12.48M-50.26M39.69M-71.26M--7.49M-5.43M-8.33M-401.00K
Financing Cash Flow -1.64M-1.34M-1.17M-758.85K-5.69M5.33M1.07M-23.99M314.00K-28.90M-8.14M-3.77M--4.85M-6.32M-12.73M-10.55M
Capital Expenditure -3.96M-2.78M-1.40M-1.50M-441.00K-1.55M-9.22M-14.01M-8.98M-4.66M-2.83M-1.63M--7.49M-5.43M-8.33M-6.83M
Free Cash Flow -867.53K5.07M8.77M9.04M24.72M38.42M30.69M10.43M31.83M30.26M34.18M11.44M--3.08M-7.21M-2.93M4.36M
Net Change in Cash --------------7.93M-13.54M-15.66M236.00K
Share Buybacks -------25.00M-30.00M30.00M0005.00M10.91M9.48M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------70.4%74.9%52.9%-64.3%68.3%63.4%56.6%
Operating Margin % -------49.0%40.3%20.6%29.9%-21.7%-3.2%0.7%-4.3%-9.8%
Net Margin % -------31.5%28.1%17.7%23.7%-18.4%--13.1%-68.4%-47.0%-9.6%
ROE % 4.5%5.1%8.9%10.8%15.2%21.5%14.6%14.6%12.1%7.1%9.4%-8.8%--5.2%-38.9%-36.6%-7.6%
ROCE % -6.9%11.8%15.4%22.2%32.9%22.0%21.9%17.0%8.1%10.9%-8.6%-1.1%0.4%-2.8%-6.6%

Shareholding Pattern

Insiders
5.97%
Institutions
94.73%
Public Float
100.74%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 11.99% 1.59M $23.17M
2 Caligan Partners, LP 10.79% 1.44M $20.85M
3 Morgan Stanley 6.55% 872.07K $12.67M
4 Acadian Asset Management. LLC 4.56% 606.54K $8.81M
5 Vanguard Capital Management LLC 4.55% 605.78K $8.80M
6 Boothbay Fund Management, LLC 3.98% 529.50K $7.69M
7 Renaissance Technologies, LLC 3.77% 502.22K $7.30M
8 Dimensional Fund Advisors LP 3.45% 458.85K $6.67M
9 Capital Management Corporation 3.36% 447.72K $6.51M
10 Deutsche Bank AG 2.65% 353.17K $5.13M

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