2023 Q1 Form 10-K Financial Statement

#000117184323001729 Filed on March 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $37.92M $39.62M $156.2M
YoY Change 3.35% 10.61% 5.71%
Cost Of Revenue $15.08M $15.49M $62.66M
YoY Change 1.29% -12.42% -3.38%
Gross Profit $22.84M $24.13M $93.58M
YoY Change 4.77% 33.07% 12.82%
Gross Profit Margin 60.23% 60.9% 59.89%
Selling, General & Admin $22.92M $23.05M $84.79M
YoY Change 19.34% 12.81% 14.44%
% of Gross Profit 100.32% 95.52% 90.62%
Research & Development $8.400M $7.749M $28.18M
YoY Change 36.43% 29.15% 3.13%
% of Gross Profit 36.77% 32.11% 30.12%
Depreciation & Amortization $3.551M $3.666M $6.700M
YoY Change -1.82% -1.72% 3.08%
% of Gross Profit 15.55% 15.19% 7.16%
Operating Expenses $31.32M $30.80M $113.0M
YoY Change 23.49% 12.99% 11.39%
Operating Profit -$8.472M -$6.667M -$19.40M
YoY Change 138.38% -26.92% -841.87%
Interest Expense $539.0K $276.0K $654.0K
YoY Change -450.0% -687.23% -447.87%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$12.01M -$6.391M -$18.75M
YoY Change 224.0% -30.31% -872.39%
Income Tax -$1.664M -$1.483M -$3.887M
% Of Pretax Income
Net Earnings -$10.35M -$4.908M -$14.86M
YoY Change 252.88% -15.28% -459.43%
Net Earnings / Revenue -27.29% -12.39% -9.51%
Basic Earnings Per Share -$0.71 -$1.02
Diluted Earnings Per Share -$0.71 -$0.34 -$1.02
COMMON SHARES
Basic Shares Outstanding 14.63M 14.61M 14.56M
Diluted Shares Outstanding 14.65M 14.56M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.74M $86.33M $86.33M
YoY Change -11.72% -8.54% -8.54%
Cash & Equivalents $79.74M $86.33M $86.33M
Short-Term Investments
Other Short-Term Assets $8.646M $8.828M $8.828M
YoY Change -17.33% 6.5% 6.5%
Inventory $41.32M $39.77M $39.77M
Prepaid Expenses
Receivables $30.63M $34.63M $34.63M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $160.3M $169.5M $169.5M
YoY Change -3.02% 0.6% 0.6%
LONG-TERM ASSETS
Property, Plant & Equipment $78.98M $48.28M $78.98M
YoY Change 64.7% 1.42% 15.19%
Goodwill $7.339M
YoY Change -5.68%
Intangibles $74.60M
YoY Change -9.45%
Long-Term Investments
YoY Change
Other Assets $19.65M $17.22M $18.67M
YoY Change -3.61% -15.11% -7.97%
Total Long-Term Assets $178.7M $179.6M $179.6M
YoY Change 1.03% 0.32% 0.32%
TOTAL ASSETS
Total Short-Term Assets $160.3M $169.5M $169.5M
Total Long-Term Assets $178.7M $179.6M $179.6M
Total Assets $339.1M $349.1M $349.1M
YoY Change -0.92% 0.46% 0.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.948M $9.074M $9.074M
YoY Change 20.2% 18.88% 18.88%
Accrued Expenses $18.86M $18.84M $18.84M
YoY Change 24.78% 6.69% 6.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $28.69M $27.91M $27.91M
YoY Change 6.3% -6.31% -6.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $28.68M $398.0K $29.22M
YoY Change 4092.84% -68.36% 42.53%
Total Long-Term Liabilities $28.68M $398.0K $29.22M
YoY Change 4092.84% -68.36% 42.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.69M $27.91M $27.91M
Total Long-Term Liabilities $28.68M $398.0K $29.22M
Total Liabilities $61.49M $28.31M $63.57M
YoY Change 122.16% -8.83% 5.15%
SHAREHOLDERS EQUITY
Retained Earnings $210.7M
YoY Change -6.59%
Common Stock $81.29M
YoY Change 20.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $277.6M $285.6M $285.6M
YoY Change
Total Liabilities & Shareholders Equity $339.1M $349.1M $349.1M
YoY Change -0.92% 0.46% 0.46%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$10.35M -$4.908M -$14.86M
YoY Change 252.88% -15.28% -459.43%
Depreciation, Depletion And Amortization $3.551M $3.666M $6.700M
YoY Change -1.82% -1.72% 3.08%
Cash From Operating Activities -$3.618M $481.0K $4.409M
YoY Change 93.58% -89.24% -47.49%
INVESTING ACTIVITIES
Capital Expenditures $1.389M $2.529M $7.486M
YoY Change 4.75% -324.4% 45.56%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$1.389M -$2.529M -$7.486M
YoY Change 4.75% 103.95% 140.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -1.613M 667.0K -$4.852M
YoY Change 87.12% 1011.67% -28.43%
NET CHANGE
Cash From Operating Activities -3.618M 481.0K $4.409M
Cash From Investing Activities -1.389M -2.529M -$7.486M
Cash From Financing Activities -1.613M 667.0K -$4.852M
Net Change In Cash -6.620M -1.381M -$8.059M
YoY Change 63.01% -141.95% 463.17%
FREE CASH FLOW
Cash From Operating Activities -$3.618M $481.0K $4.409M
Capital Expenditures $1.389M $2.529M $7.486M
Free Cash Flow -$5.007M -$2.048M -$3.077M
YoY Change 56.71% -136.58% -194.56%

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CY2022 us-gaap Nature Of Operations
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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 15pt; text-align: left; text-indent: 0pt;"><b><em style="font: inherit;">1.</em> Nature of Business</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 15pt; text-indent: 27pt;">Anika Therapeutics, Inc. (“the Company”) is a global joint preservation company that creates and delivers meaningful advancements in early intervention orthopedic care, including in the areas of osteoarthritis (“OA”) pain management, regenerative solutions, sports medicine and bone preserving joint solutions.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 15pt; text-indent: 27pt;">In early <em style="font: inherit;">2020,</em> the Company expanded its overall technology platform through its strategic acquisitions of Parcus Medical, LLC (“Parcus Medical”), a sports medicine implant and instrumentation company, and Arthrosurface Inc. (“Arthrosurface”), a company specializing in less invasive, bone preserving partial and total joint replacement solutions. These acquisitions broadened the Company's product portfolio, developed over its <em style="font: inherit;">30</em> years of expertise in hyaluronic acid technology, into joint preservation and restoration, added higher-growth revenue streams, increased its commercial capabilities, diversified its revenue base, and expanded its product pipeline and research and development expertise.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 15pt; text-indent: 27pt;">The Company is subject to risks common to companies in the life sciences industry including, but <em style="font: inherit;">not</em> limited to, development by the Company or its competitors of new technological innovations, dependence on key personnel, protection of proprietary technology, commercialization of existing and new products, and compliance with U.S. Food and Drug Administration (“FDA”) and foreign regulations and approval requirements, as well as the ability to grow the Company’s business through appropriate commercial strategies.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 15pt; text-indent: 27pt;">Since the global COVID pandemic began in <em style="font: inherit;">2020,</em> there also continues to be increased volatility and uncertainty in the global macroeconomic environment, including staffing shortages, supply chain disruption, inflation and other direct and indirect impacts of the pandemic.</p>
CY2022 us-gaap Use Of Estimates
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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 15pt;"><i>Use of Estimates</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 15pt; text-indent: 27pt;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (“US GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt; text-indent: 15pt;"/>
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CY2020 anik Allowance For Doubtful Accounts Receivable Translation Adjustments
AllowanceForDoubtfulAccountsReceivableTranslationAdjustments
90000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1608000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1442000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1523000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1000000.0 usd
CY2021Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
19044000 usd
CY2022Q4 anik Inventory Raw Materials Work In Process And Finished Goods Net Of Reserve Total
InventoryRawMaterialsWorkInProcessAndFinishedGoodsNetOfReserveTotal
56489000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
0 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 15pt;"><i>Concentration of Credit Risk </i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 15pt; text-indent: 27pt;">The Company has <em style="font: inherit;">no</em> significant off-balance sheet risks related to foreign exchange contracts, option contracts, or other foreign hedging arrangements. The Company’s cash equivalents and investments are held with <em style="font: inherit;">two</em> major international financial institutions.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 15pt; text-indent: 27pt;">The Company, by policy, routinely assesses the financial strength of its customers. As a result, the Company believes that its accounts receivable credit risk exposure is limited.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt 0pt 0pt 15pt; text-indent: 27pt;">As of <em style="font: inherit;"> December </em><em style="font: inherit;">31,</em> <em style="font: inherit;">2022</em> and <em style="font: inherit;">2021,</em> Mitek represented 47% and 41%, respectively, of the Company’s accounts receivable balance. <em style="font: inherit;">No</em> other single customer accounted for more than <em style="font: inherit;">10%</em> of accounts receivable in either period.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 15pt;"/>
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 pure
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
42500000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
16724000 usd
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
134410000 usd
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-22984000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
20535000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
16881000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10648000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11442000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
25306000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26731000 usd
CY2022Q4 anik Inventory Raw Materials Work In Process And Finished Goods Net Of Reserve Total
InventoryRawMaterialsWorkInProcessAndFinishedGoodsNetOfReserveTotal
56489000 usd
CY2021Q4 anik Inventory Raw Materials Work In Process And Finished Goods Net Of Reserve Total
InventoryRawMaterialsWorkInProcessAndFinishedGoodsNetOfReserveTotal
55054000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
39765000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
36010000 usd
CY2021Q4 anik Inventory Raw Materials Work In Process And Finished Goods Net Of Reserve Total
InventoryRawMaterialsWorkInProcessAndFinishedGoodsNetOfReserveTotal
55054000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
9900000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
9100000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
94462000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
87185000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
46183000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
39583000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48279000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
47602000 usd
CY2022 us-gaap Depreciation
Depreciation
6700000 usd
CY2021 us-gaap Depreciation
Depreciation
6500000 usd
CY2020 us-gaap Depreciation
Depreciation
6100000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
112136000 usd
CY2022Q4 anik Accumulated Currency Translation Adjustment
AccumulatedCurrencyTranslationAdjustment
3218000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
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-0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
34319000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
74599000 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P13Y
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
112736000 usd
CY2021Q4 anik Accumulated Currency Translation Adjustment
AccumulatedCurrencyTranslationAdjustment
3218000 usd
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
600000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26536000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
82382000 usd
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P13Y
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7800000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7400000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
7781000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
8413000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-442000 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-632000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
7339000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
7781000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036 pure
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
121000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
143000 usd
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
185000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
19000 usd
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
25000 usd
CY2022 anik Finance Lease Expense
FinanceLeaseExpense
132000 usd
CY2021 anik Finance Lease Expense
FinanceLeaseExpense
162000 usd
CY2020 anik Finance Lease Expense
FinanceLeaseExpense
210000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
2839000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
2468000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
2383000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000 usd
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
413000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
319000 usd
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
264000 usd
CY2022 us-gaap Lease Cost
LeaseCost
3401000 usd
CY2021 us-gaap Lease Cost
LeaseCost
2951000 usd
CY2020 us-gaap Lease Cost
LeaseCost
2857000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y9M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y3M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0 pure
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.049 pure
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2471000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2392000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
121000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
136000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48279000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
47602000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3170000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3055000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3066000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2760000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2643000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
25230000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9034000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
28817000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11303000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9523000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3145000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3590000 usd
CY2022Q4 anik Accrued Clinical Trial Costs Current
AccruedClinicalTrialCostsCurrent
999000 usd
CY2021Q4 anik Accrued Clinical Trial Costs Current
AccruedClinicalTrialCostsCurrent
1961000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
810000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
0 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
510000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1059000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
18840000 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
17847000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
156236000 usd
CY2022 anik Percentage Of Net Revenue
PercentageOfNetRevenue
1 pure
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
147794000 usd
CY2021 anik Percentage Of Net Revenue
PercentageOfNetRevenue
1 pure
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
130457000 usd
CY2020 anik Percentage Of Net Revenue
PercentageOfNetRevenue
1 pure
CY2022 anik Revenues From Agreements As Percent Of Total Revenue
RevenuesFromAgreementsAsPercentOfTotalRevenue
0.43 pure
CY2021 anik Revenues From Agreements As Percent Of Total Revenue
RevenuesFromAgreementsAsPercentOfTotalRevenue
0.45 pure
CY2020 anik Revenues From Agreements As Percent Of Total Revenue
RevenuesFromAgreementsAsPercentOfTotalRevenue
0.49 pure
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
156236000 usd
CY2022 anik Percentage Of Net Revenue
PercentageOfNetRevenue
1 pure
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
147794000 usd
CY2021 anik Percentage Of Net Revenue
PercentageOfNetRevenue
1 pure
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
130457000 usd
CY2020 anik Percentage Of Net Revenue
PercentageOfNetRevenue
1 pure
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14315000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11085000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5386000 usd
CY2021 anik Effective Income Tax Rate Reconciliation Sharebased Compensation Windfall Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationWindfallTaxBenefitAmount
100000 usd
CY2020 anik Effective Income Tax Rate Reconciliation Sharebased Compensation Windfall Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationWindfallTaxBenefitAmount
200000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1175993
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.56
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
553827
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
28.07
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
433
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.83
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
198684
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
43.24
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1530703
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
34.93
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y1M6D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1050000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
640056
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
40.08
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y2M12D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
12000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1530703
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
34.93
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y1M6D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1050000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
300000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2800000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
553827
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1005000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
494000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
357000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
285000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-635000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1970000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
96000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.045 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.040 pure
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.040 pure
CY2022 anik Share Based Compensation Arrangement By Share Based Payment Award Fair Value Per Option
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValuePerOption
0.1145 pure
CY2021 anik Share Based Compensation Arrangement By Share Based Payment Award Fair Value Per Option
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValuePerOption
0.1480 pure
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1.40 pure
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05 pure
CY2022 anik Defined Contribution Plan Employer Matching Contribution Amount
DefinedContributionPlanEmployerMatchingContributionAmount
2300000 usd
CY2021 anik Defined Contribution Plan Employer Matching Contribution Amount
DefinedContributionPlanEmployerMatchingContributionAmount
2000000.0 usd
CY2020 anik Defined Contribution Plan Employer Matching Contribution Amount
DefinedContributionPlanEmployerMatchingContributionAmount
1700000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2529000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
334000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4956000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2902000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18746000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2427000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28624000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
167000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
49000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1386000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1564000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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Files In Submission

Name View Source Status
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anik-20221231_pre.xml Edgar Link unprocessable
anik-20221231_def.xml Edgar Link unprocessable
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anik-20221231.xsd Edgar Link pending
anik-20221231_cal.xml Edgar Link unprocessable
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ex_487320.htm Edgar Link pending
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