Anika Therapeutics Third Quarter 2024 Earnings: Misses Expectations

Anika Therapeutics (NASDAQ:ANIK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$38.8m (down 6.5% from 3Q 2023).
• Net loss: US$29.9m (loss widened by 355% from 3Q 2023).
• US$2.03 loss per share (further deteriorated from US$0.45 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Anika Therapeutics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 21%.

Performance of the American Biotechs industry.

The company's shares are down 32% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Anika Therapeutics you should be aware of.

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