BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Anika Therapeutics Inc. (ANIK) on Friday reported a loss of $4.9 million in its first quarter.
On a per-share basis, the Bedford, Massachusetts-based company said it had a loss of 34 cents. Losses, adjusted for stock option expense and to account for discontinued operations, were 6 cents per share.
The medical technology company posted revenue of $26.2 million in the period.
Anika shares have dropped 10% since the beginning of the year. The stock has declined 48% in the last 12 months.
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