2024 Q1 Form 10-K Financial Statement

#000117184324001380 Filed on March 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $40.52M $42.97M $166.7M
YoY Change 6.85% 8.45% 6.67%
Cost Of Revenue $15.90M $16.64M $63.57M
YoY Change 5.4% 7.43% 1.46%
Gross Profit $24.63M $26.33M $103.1M
YoY Change 7.81% 9.11% 10.16%
Gross Profit Margin 60.78% 61.27% 61.85%
Selling, General & Admin $21.53M $20.34M $95.85M
YoY Change -6.06% -11.77% 13.04%
% of Gross Profit 87.41% 77.23% 92.98%
Research & Development $8.164M $7.585M $32.69M
YoY Change -2.81% -2.12% 16.0%
% of Gross Profit 33.15% 28.81% 31.71%
Depreciation & Amortization $2.063M $3.567M $14.22M
YoY Change -41.9% -2.7% 112.19%
% of Gross Profit 8.38% 13.55% 13.79%
Operating Expenses $29.69M $27.92M $128.5M
YoY Change -5.19% -9.34% 13.77%
Operating Profit -$5.063M -$1.591M -$25.45M
YoY Change -40.24% -76.14% 31.18%
Interest Expense $592.0K $577.0K $2.312M
YoY Change 9.83% 109.06% 253.52%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$4.471M -$63.20M -$85.33M
YoY Change -62.79% 888.95% 355.17%
Income Tax $43.00K -$204.0K -$2.660M
% Of Pretax Income
Net Earnings -$4.514M -$63.00M -$82.67M
YoY Change -56.39% 1183.62% 456.34%
Net Earnings / Revenue -11.14% -146.61% -49.6%
Basic Earnings Per Share -$0.31 -$5.64
Diluted Earnings Per Share -$0.31 -$4.30 -$5.64
COMMON SHARES
Basic Shares Outstanding 14.85M 14.64M 14.66M
Diluted Shares Outstanding 14.70M 14.66M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.63M $72.87M $72.87M
YoY Change -13.93% -15.59% -15.59%
Cash & Equivalents $68.63M $72.87M $72.87M
Short-Term Investments
Other Short-Term Assets $8.848M $8.095M $8.095M
YoY Change 2.34% -8.3% -8.3%
Inventory $49.41M $46.39M $46.39M
Prepaid Expenses
Receivables $32.08M $35.96M $35.96M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $159.0M $163.3M $163.3M
YoY Change -0.85% -3.68% -3.68%
LONG-TERM ASSETS
Property, Plant & Equipment $46.06M $74.97M $74.97M
YoY Change -41.68% 55.27% -5.08%
Goodwill $7.403M $7.571M
YoY Change 3.16%
Intangibles $4.297M $4.626M
YoY Change -93.8%
Long-Term Investments
YoY Change
Other Assets $17.57M $20.16M $20.16M
YoY Change -10.58% 17.09% 8.0%
Total Long-Term Assets $104.8M $107.3M $107.3M
YoY Change -41.38% -40.24% -40.24%
TOTAL ASSETS
Total Short-Term Assets $159.0M $163.3M $163.3M
Total Long-Term Assets $104.8M $107.3M $107.3M
Total Assets $263.7M $270.6M $270.6M
YoY Change -22.22% -22.48% -22.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.02M $9.860M $9.860M
YoY Change 12.0% 8.66% 8.66%
Accrued Expenses $16.95M $19.96M $19.96M
YoY Change -10.12% 5.94% 5.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.46M $31.06M $31.06M
YoY Change -0.81% 11.27% 11.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $404.0K $27.31M $27.31M
YoY Change -98.59% 6761.31% -6.53%
Total Long-Term Liabilities $404.0K $27.31M $27.31M
YoY Change -98.59% 6761.31% -6.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.46M $31.06M $31.06M
Total Long-Term Liabilities $404.0K $27.31M $27.31M
Total Liabilities $28.86M $58.37M $58.37M
YoY Change -53.06% 106.16% -8.18%
SHAREHOLDERS EQUITY
Retained Earnings $123.5M $128.1M
YoY Change -39.23%
Common Stock $91.31M $90.16M
YoY Change 10.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $208.5M $212.3M $212.3M
YoY Change
Total Liabilities & Shareholders Equity $263.7M $270.6M $270.6M
YoY Change -22.22% -22.48% -22.48%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$4.514M -$63.00M -$82.67M
YoY Change -56.39% 1183.62% 456.34%
Depreciation, Depletion And Amortization $2.063M $3.567M $14.22M
YoY Change -41.9% -2.7% 112.19%
Cash From Operating Activities -$126.0K $3.642M -$1.788M
YoY Change -96.52% 657.17% -140.55%
INVESTING ACTIVITIES
Capital Expenditures $1.808M $1.837M $5.427M
YoY Change 30.17% -27.36% -27.5%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$1.808M -$1.837M -$5.427M
YoY Change 30.17% -27.36% -27.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$4.977M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.273M 346.0K -6.324M
YoY Change 40.92% -48.13% 30.34%
NET CHANGE
Cash From Operating Activities -$126.0K 3.642M -1.788M
Cash From Investing Activities -$1.808M -1.837M -5.427M
Cash From Financing Activities -$2.273M 346.0K -6.324M
Net Change In Cash -$4.238M 2.151M -13.54M
YoY Change -35.98% -255.76% 68.0%
FREE CASH FLOW
Cash From Operating Activities -$126.0K $3.642M -$1.788M
Capital Expenditures $1.808M $1.837M $5.427M
Free Cash Flow -$1.934M $1.805M -$7.215M
YoY Change -61.37% -188.13% 134.48%

Facts In Submission

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 15pt;"><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:Times New Roman;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 Arthrosurface joint solutions.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;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:Times New Roman;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>
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CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;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:Times New Roman;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;">three</em> major financial institutions.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;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:Times New Roman;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;">2023</em> and <em style="font: inherit;">2022,</em> Mitek represented 46% and 47%, 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:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 15pt;"></p>
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 pure
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
15507000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
20535000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
17002000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10648000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
32084000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
25306000 usd
CY2023Q4 anik Inventory Raw Materials Work In Process And Finished Goods Net Of Reserve Total
InventoryRawMaterialsWorkInProcessAndFinishedGoodsNetOfReserveTotal
64593000 usd
CY2022Q4 anik Inventory Raw Materials Work In Process And Finished Goods Net Of Reserve Total
InventoryRawMaterialsWorkInProcessAndFinishedGoodsNetOfReserveTotal
56489000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
46386000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
39765000 usd
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
18207000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
16724000 usd
CY2023Q4 anik Inventory Raw Materials Work In Process And Finished Goods Net Of Reserve Total
InventoryRawMaterialsWorkInProcessAndFinishedGoodsNetOfReserveTotal
64593000 usd
CY2022Q4 anik Inventory Raw Materials Work In Process And Finished Goods Net Of Reserve Total
InventoryRawMaterialsWorkInProcessAndFinishedGoodsNetOfReserveTotal
56489000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
11700000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
9900000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
93867000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
94462000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
47669000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
46183000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46198000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48279000 usd
CY2023 us-gaap Depreciation
Depreciation
6400000 usd
CY2022 us-gaap Depreciation
Depreciation
6700000 usd
CY2021 us-gaap Depreciation
Depreciation
6500000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
112136000 usd
CY2023Q4 anik Accumulated Currency Translation Adjustment
AccumulatedCurrencyTranslationAdjustment
3218000 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
62190000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
42102000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4626000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P13Y
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
ImpairmentOfIntangibleAssetsFinitelived
-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
CY2022Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P13Y
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7800000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
7339000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
7781000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
232000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3142000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2837000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2643000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2329000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-442000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
7571000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
7339000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036 pure
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 usd
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
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
19000 usd
CY2023 anik Finance Lease Expense
FinanceLeaseExpense
0 usd
CY2022 anik Finance Lease Expense
FinanceLeaseExpense
132000 usd
CY2021 anik Finance Lease Expense
FinanceLeaseExpense
162000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
3320000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
2839000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
2468000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
425000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
413000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
319000 usd
CY2023 us-gaap Lease Cost
LeaseCost
3745000 usd
CY2022 us-gaap Lease Cost
LeaseCost
3401000 usd
CY2021 us-gaap Lease Cost
LeaseCost
2951000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036 pure
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3239000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2471000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3131000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
22901000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7946000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
26904000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11828000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11303000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3240000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3145000 usd
CY2023Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1904000 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
0 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1240000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
810000 usd
CY2023Q4 anik Accrued Clinical Trial Costs Current
AccruedClinicalTrialCostsCurrent
460000 usd
CY2022Q4 anik Accrued Clinical Trial Costs Current
AccruedClinicalTrialCostsCurrent
999000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
394000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
510000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
21199000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
18840000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
0 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
166662000 usd
CY2023 anik Percentage Of Net Revenue
PercentageOfNetRevenue
1 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
CY2023 anik Revenues From Agreements As Percent Of Total Revenue
RevenuesFromAgreementsAsPercentOfTotalRevenue
0.45 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
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
166662000 usd
CY2023 anik Percentage Of Net Revenue
PercentageOfNetRevenue
1 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
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46198000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48279000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2600000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1100000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15243000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14315000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11085000 usd
CY2023 anik Effective Income Tax Rate Reconciliation Sharebased Compensation Windfall Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationWindfallTaxBenefitAmount
-100000 usd
CY2022 anik Effective Income Tax Rate Reconciliation Sharebased Compensation Windfall Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationWindfallTaxBenefitAmount
-500000 usd
CY2021 anik Effective Income Tax Rate Reconciliation Sharebased Compensation Windfall Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationSharebasedCompensationWindfallTaxBenefitAmount
100000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1530703
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.93
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
404903
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
28.58
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2034
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.3
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
20000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
120843
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
36.59
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1812729
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
33.42
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
127000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
983834
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
36.66
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y8M12D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
5000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1812729
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
33.42
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y6M
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
127000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
300000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
404903
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.045 pure
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
0.04 pure
CY2023Q4 anik Sharebased Compensation Arrangement By Share Based Payment Award Fair Value Per Option
SharebasedCompensationArrangementByShareBasedPaymentAwardFairValuePerOption
11.45
CY2022Q4 anik Sharebased Compensation Arrangement By Share Based Payment Award Fair Value Per Option
SharebasedCompensationArrangementByShareBasedPaymentAwardFairValuePerOption
11.45
CY2021Q4 anik Sharebased Compensation Arrangement By Share Based Payment Award Fair Value Per Option
SharebasedCompensationArrangementByShareBasedPaymentAwardFairValuePerOption
14.8
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5900000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1.40 pure
CY2023 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 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-86061000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-19080000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2529000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
734000 usd
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
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-85327000 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
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3153000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1005000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
494000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
309000 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
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
312000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
96000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
167000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3774000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1386000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5045000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3243000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-553000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1418000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1256000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-426000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
29000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-774000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-754000 usd
CY2023 anik Deferred Income Tax Expense Benefit Foreign And Domestic Net
DeferredIncomeTaxExpenseBenefitForeignAndDomesticNet
-6434000 usd
CY2022 anik Deferred Income Tax Expense Benefit Foreign And Domestic Net
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