Anika Reports First Quarter 2026 Financial Results
Anika reported Q1 2026 revenue of $29.6 million, up 13% year-over-year, with gross margin expanding 810 basis points to 64.2% due to improved operational execution. The margin expansion drove adjusted EBITDA to $4.3 million, a significant increase from $0.1 million in the prior year, while the company also completed a $15 million share repurchase at an average price of $10.76. Management maintained its full-year 2026 revenue guidance of $114 million to $122.5 million, though two directors, Dr.
Key figures
- Revenue
- 29600000
- Guidance
- FY26 revenue $114-$122.5 million, Adjusted EBITDA margin 5%-10%
- Revenue Yoy
- 13%
- Gross margin
- 64.2%
- Adjusted ebitda
- 4300000
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