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Anika Therapeutics Inc (ANIK) Q4 2020 Earnings Call Transcript


Operator
Good evening, ladies and gentlemen, and welcome to Anika s Fourth Quarter and Full Year 2020 Earnings Conference Call.
[Operator Instructions]
I will now turn the call over to Mark Namaroff, Executive Director of Investor Relations and Corporate Communications. Please go ahead.
Mark Namaroff
Executive Director, Investor Relations and Corporate Communications
Thank you, Sherese. Good everning, everyone, and thank you for joining us for Anika s Fourth Quarter and Year End Conference Call and Webcast.
Our Q4 and year-end earnings press release was issued after the close of the market today and is available on our Investor Relations website located at www.anika.com, as well as the supplementary PowerPoint slides that ll be used for the discussion today. ....

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Anika Reports Fourth Quarter and Year-End 2020 Financial Results


Share:
Full Year 2020 Revenue up 14%
Well Positioned for Growth in 2021
BEDFORD, Mass., March 04, 2021 (GLOBE NEWSWIRE)
Anika Therapeutics, Inc. (NASDAQ:ANIK), a global joint preservation company that creates and delivers meaningful advancements in early intervention orthopedic care, today reported financial results for its fourth quarter and year-ended December 31, 2020.
Fourth Quarter 2020 Financial Summary
Revenue in the fourth quarter of 2020 increased 10% year-over-year to $32.7 million, compared to $29.8 million, due to Joint Preservation and Restoration revenue following the acquisitions of Parcus Medical, LLC and Arthrosurface, Inc., in the first quarter of 2020, offset by lower Joint Pain Management revenue as a result of the COVID environment. ....

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