Anika Therapeutics (NASDAQ:ANIK) Posts Quarterly Earnings Results, Beats Estimates By $0.29 EPS

Anika Therapeutics (NASDAQ:ANIK) issued its earnings results on Thursday. The biotechnology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.29, FiscalAI reports. The business had revenue of $30.62 million for the quarter, compared to analyst estimates of $28.88 million. Anika Therapeutics had a negative return on equity of 8.80% and a negative net margin of 29.29%.

Here are the key takeaways from Anika Therapeutics’ conference call:

• Commercial channel momentum: Commercial revenue grew 22% in Q4 and 15% for 2025, driven by international OA pain products and a more than doubling of Integrity revenue to about $6 million with >2,500 procedures and growing surgeon adoption.
• OEM headwinds: OEM revenue declined 12% in Q4 and 17% for the year due to U.S. pricing pressure (J&J MedTech) and the company expects OEM to be flat to down ~5% in 2026.
• Hyalofast regulatory uncertainty: Although the final PMA module was submitted, the FDA issued a deficiency letter on CMC and clinical data — Anika is engaging with the agency but cannot assure approval timing or outcome.
• Improving profitability and cash: Q4 GAAP gross margin expanded to 63%, full-year adjusted EBITDA was $5.3M with $11.2M operating cash flow, and planned G&A and stock-compensation actions plus manufacturing gains support 2026 guidance of $114–$122.5M revenue and 5–10% adjusted EBITDA.

Anika Therapeutics Trading Up 12.3%

Shares of ANIK traded up $1.57 during mid-day trading on Friday, hitting $14.36. The company’s stock had a trading volume of 334,032 shares, compared to its average volume of 150,642. Anika Therapeutics has a 1-year low of $7.87 and a 1-year high of $17.74. The firm has a market capitalization of $207.07 million, a P/E ratio of -6.30 and a beta of 0.43. The firm has a 50-day simple moving average of $9.86 and a 200 day simple moving average of $9.52.

Hedge Funds Weigh In On Anika Therapeutics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Anika Therapeutics in the third quarter valued at about $71,000. Occudo Quantitative Strategies LP purchased a new position in Anika Therapeutics in the third quarter valued at about $95,000. Ieq Capital LLC acquired a new stake in shares of Anika Therapeutics during the 4th quarter valued at approximately $97,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Anika Therapeutics during the 4th quarter worth approximately $122,000. Finally, Jain Global LLC acquired a new stake in shares of Anika Therapeutics in the 4th quarter worth approximately $137,000. 91.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ANIK. Weiss Ratings reissued a “sell (e+)” rating on shares of Anika Therapeutics in a research report on Monday, December 29th. Wall Street Zen upgraded Anika Therapeutics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Barrington Research lifted their target price on shares of Anika Therapeutics from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Trending Headlines about Anika Therapeutics

Here are the key news stories impacting Anika Therapeutics this week:

• Positive Sentiment: Q4 results beat expectations — non‑GAAP EPS $0.31 vs. $0.02 consensus and revenue $30.6M vs. $28.9M consensus; the beat is the primary near‑term catalyst. Zacks: ANIK Q4 Earnings Beat
• Positive Sentiment: Barrington Research raised its price target to $17 and moved to an “Outperform,” signaling analyst confidence and providing upside to the stock. Benzinga: Barrington Research Upgrade
• Positive Sentiment: Company reiterated 2026 revenue guidance (roughly $114.0M–$122.5M reported) and set an adjusted EBITDA target while highlighting commercial‑channel expansion (commercial channel +22% in Q4, +15% full year), supporting a constructive near‑term growth outlook. GlobeNewswire: Q4 & Full‑Year 2025 Results
• Positive Sentiment: Management emphasized operational streamlining and commercial expansion, and generated positive operating cash flow ($11.2M) and free cash flow ($4.4M) for 2025 — items investors often view favorably for mid‑cycle biotech/medical device firms. Seeking Alpha: 2026 Outlook & Commercial Expansion
• Neutral Sentiment: Earnings call transcript and slide materials are available for details on product cadence, margin drivers and timing of regulatory milestones — useful for investors but not an immediate price mover by itself. SA: Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Reported short‑interest data in recent feeds appears to be erroneous (shows zero shares / NaN changes); no clear short‑squeeze signal from the published data. MarketBeat: ANIK Data
• Negative Sentiment: Regulatory risk: the FDA sent a response on the Hyalofast® PMA in January and Anika is preparing responses — this implies additional work/possible delays before approval and commercialization. GlobeNewswire: Regulatory Update
• Negative Sentiment: Company still reports negative net margin and negative return on equity; some analysts project a negative full‑year EPS — these fundamentals limit valuation support until profitability trends improve. MarketBeat: Earnings Summary

About Anika Therapeutics

Anika Therapeutics, Inc is a life sciences company specializing in the development and commercialization of hyaluronic acid–based therapeutic products. The company focuses on orthobiologics and medical devices designed to support joint health, tissue repair and surgical applications. Anika’s proprietary hyaluronan technology serves as the foundation for products aimed at alleviating pain associated with osteoarthritis and enhancing healing in musculoskeletal and ophthalmic surgeries.

The company’s core product portfolio includes injectable viscosupplements such as Monovisc® and Orthovisc®, which are indicated for the relief of knee osteoarthritis pain, as well as Euflexxa®, approved for osteoarthritis of the knee in various international markets.