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Anika Therapeutics, Inc. – ‘10-K’ for 12/31/20 – ‘R19’

On:  Friday, 3/5/21, at 5:18pm ET   ·   For:  12/31/20   ·   Accession #:  1171843-21-1573   ·   File #:  1-14027

Previous ‘10-K’:  ‘10-K’ on 3/6/20 for 12/31/19   ·   Next:  ‘10-K/A’ on 4/26/21 for 12/31/20   ·   Latest:  ‘10-K/A’ on 4/26/24 for 12/31/23   ·   37 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/05/21  Anika Therapeutics, Inc.          10-K       12/31/20  105:11M                                    Globenewswire Inc./FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.34M 
 6: EX-10.13D   Material Contract                                   HTML     94K 
 7: EX-10.13E   Material Contract                                   HTML     93K 
 8: EX-10.13G   Material Contract                                   HTML     85K 
 9: EX-10.13H   Material Contract                                   HTML     93K 
 2: EX-23.1     Consent of Expert or Counsel                        HTML     29K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     35K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     36K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     30K 
16: R1          Document And Entity Information                     HTML     89K 
17: R2          Consolidated Balance Sheets                         HTML    112K 
18: R3          Consolidated Balance Sheets (Parentheticals)        HTML     47K 
19: R4          Consolidated Statements of Operations and           HTML    108K 
                Comprehensive Income (Loss)                                      
20: R5          Consolidated Statements of Stockholders' Equity     HTML     85K 
21: R6          Consolidated Statements of Cash Flows               HTML    152K 
22: R7          Note 1 - Nature of Business                         HTML     35K 
23: R8          Note 2 - Summary of Significant Accounting          HTML    118K 
                Policies                                                         
24: R9          Note 3 - Business Combinations                      HTML    100K 
25: R10         Note 4 - Fair Value Measurements                    HTML     90K 
26: R11         Note 5 - Inventories                                HTML     44K 
27: R12         Note 6 - Property and Equipment                     HTML     44K 
28: R13         Note 7 - Acquired Intangible Assets, Net            HTML     85K 
29: R14         Note 8 - Goodwill                                   HTML     47K 
30: R15         Note 9 - Leases                                     HTML     79K 
31: R16         Note 10 - Accrued Expenses                          HTML     43K 
32: R17         Note 11 - Revolving Credit Agreement                HTML     35K 
33: R18         Note 12 - Commitments and Contingencies             HTML     34K 
34: R19         Note 13 - Revenue by Product Group, by Significant  HTML     87K 
                Customer and by Geographic Location; Geographic                  
                Information                                                      
35: R20         Note 14 - Equity Incentive Plan                     HTML    108K 
36: R21         Note 15 - Employee Benefit Plan                     HTML     33K 
37: R22         Note 16 - Accelerated Share Repurchases             HTML     36K 
38: R23         Note 17 - Income Taxes                              HTML    120K 
39: R24         Note 18 - Earnings Per Share ("Eps")                HTML     43K 
40: R25         Note 19 - Quarterly Financial Data (Unaudited)      HTML     67K 
41: R26         Significant Accounting Policies (Policies)          HTML    171K 
42: R27         Note 2 - Summary of Significant Accounting          HTML     52K 
                Policies (Tables)                                                
43: R28         Note 3 - Business Combinations (Tables)             HTML     81K 
44: R29         Note 4 - Fair Value Measurements (Tables)           HTML     85K 
45: R30         Note 5 - Inventories (Tables)                       HTML     42K 
46: R31         Note 6 - Property and Equipment (Tables)            HTML     42K 
47: R32         Note 7 - Acquired Intangible Assets, Net (Tables)   HTML     79K 
48: R33         Note 8 - Goodwill (Tables)                          HTML     39K 
49: R34         Note 9 - Leases (Tables)                            HTML     76K 
50: R35         Note 10 - Accrued Expenses (Tables)                 HTML     41K 
51: R36         Note 13 - Revenue by Product Group, by Significant  HTML     86K 
                Customer and by Geographic Location; Geographic                  
                Information (Tables)                                             
52: R37         Note 14 - Equity Incentive Plan (Tables)            HTML    102K 
53: R38         Note 17 - Income Taxes (Tables)                     HTML    115K 
54: R39         Note 18 - Earnings Per Share ("Eps") (Tables)       HTML     40K 
55: R40         Note 19 - Quarterly Financial Data (Unaudited)      HTML     65K 
                (Tables)                                                         
56: R41         Note 2 - Summary of Significant Accounting          HTML     72K 
                Policies (Details Textual)                                       
57: R42         Note 2 - Summary of Significant Accounting          HTML     39K 
                Policies - Allowance for Doubtful Accounts                       
                (Details)                                                        
58: R43         Note 2 - Summary of Significant Accounting          HTML     39K 
                Policies - Estimated Useful Lives of Property and                
                Equipment (Details)                                              
59: R44         Note 3 - Business Combinations (Details Textual)    HTML     74K 
60: R45         Note 3 - Business Combinations - Consideration      HTML     41K 
                Transferred (Details)                                            
61: R46         Note 3 - Business Combinations - Fair Value of Net  HTML     74K 
                Assets Acquired (Details)                                        
62: R47         Note 3 - Business Combinations - Intangible Assets  HTML     43K 
                Acquired (Details)                                               
63: R48         Note 3 - Business Combinations - Pro Forma          HTML     32K 
                Information (Details)                                            
64: R49         Note 4 - Fair Value Measurements (Details Textual)  HTML     68K 
65: R50         Note 4 - Fair Value Measurements - Fair Value of    HTML     62K 
                Financial Instruments (Details)                                  
66: R51         Note 4 - Fair Value Measurements - Contingent       HTML     38K 
                Consideration (Details)                                          
67: R52         Note 5 - Inventories (Details Textual)              HTML     34K 
68: R53         Note 5 - Inventories - Summary of Inventories       HTML     41K 
                (Details)                                                        
69: R54         Note 6 - Property and Equipment (Details Textual)   HTML     30K 
70: R55         Note 6 - Property and Equipment - Property and      HTML     43K 
                Equipment at Cost (Details)                                      
71: R56         Note 7 - Acquired Intangible Assets, Net (Details   HTML     50K 
                Textual)                                                         
72: R57         Note 7 - Acquired Intangible Assets, Net - Summary  HTML     63K 
                of Intangible Assets (Details)                                   
73: R58         Note 8 - Goodwill (Details Textual)                 HTML     32K 
74: R59         Note 8 - Goodwill - Changes in the Carrying Value   HTML     38K 
                of Goodwill (Details)                                            
75: R60         Note 9 - Leases (Details Textual)                   HTML     32K 
76: R61         Note 9 - Leases - Lease Expense and Other           HTML     58K 
                Information (Details)                                            
77: R62         Note 9 - Leases - Future Minimum Rental Payments    HTML     95K 
                for Operating Leases (Details)                                   
78: R63         Note 10 - Accrued Expenses - Summary of Accrued     HTML     45K 
                Expenses (Details)                                               
79: R64         Note 11 - Revolving Credit Agreement (Details       HTML     63K 
                Textual)                                                         
80: R65         Note 12 - Commitments and Contingencies (Details    HTML     30K 
                Textual)                                                         
81: R66         Note 13 - Revenue by Product Group, by Significant  HTML     35K 
                Customer and by Geographic Location; Geographic                  
                Information (Details Textual)                                    
82: R67         Note 13 - Revenue by Product Group, by Significant  HTML     50K 
                Customer and by Geographic Location; Geographic                  
                Information - Product Revenue by Product Group                   
                (Details)                                                        
83: R68         Note 13 - Revenue by Product Group, by Significant  HTML     47K 
                Customer and by Geographic Location; Geographic                  
                Information - Total Revenue by Geographic Location               
                (Details)                                                        
84: R69         Note 13 - Revenue by Product Group, by Significant  HTML     34K 
                Customer and by Geographic Location; Geographic                  
                Information - Net Tangible Long-lived Assets by                  
                Principal Geographic Areas (Details)                             
85: R70         Note 14 - Equity Incentive Plan (Details Textual)   HTML    131K 
86: R71         Note 14 - Equity Incentive Plan - Granted and       HTML     48K 
                Exercised Stock-based Compensation Awards                        
                (Details)                                                        
87: R72         Note 14 - Equity Incentive Plan - Stock Options     HTML     50K 
                and SAR's Activity (Details)                                     
88: R73         Note 14 - Equity Incentive Plan - Summary of        HTML     41K 
                Exercisable Options and SAR's (Details)                          
89: R74         Note 14 - Equity Incentive Plan - Restricted Stock  HTML     50K 
                Activity (Details)                                               
90: R75         Note 14 - Equity Incentive Plan - Assumptions Used  HTML     42K 
                to Estimate Fair Value of Stock Options and Stock                
                Appreciation Rights (Details)                                    
91: R76         Note 14 - Equity Incentive Plan - Total             HTML     36K 
                Stock-based Compensation Expense (Details)                       
92: R77         Note 15 - Employee Benefit Plan (Details Textual)   HTML     33K 
93: R78         Note 16 - Accelerated Share Repurchases (Details    HTML     72K 
                Textual)                                                         
94: R79         Note 17 - Income Taxes (Details Textual)            HTML     59K 
95: R80         Note 17 - Income Taxes - Components of Income       HTML     63K 
                Before Taxes and Provision for (Benefit from)                    
                Income Taxes (Details)                                           
96: R81         Note 17 - Income Taxes - Significant Components of  HTML     62K 
                Company's Deferred Tax Assets and Liabilities                    
                (Details)                                                        
97: R82         Note 17 - Income Taxes - Reconciliation Between     HTML     52K 
                U.S. Federal Statutory Rate and Effective Rate                   
                (Details)                                                        
98: R83         Note 18 - Earnings Per Share ("Eps") (Details       HTML     34K 
                Textual)                                                         
99: R84         Note 18 - Earnings Per Share ("EPS") - Basic and    HTML     38K 
                Diluted Earnings Per Share (Details)                             
100: R85         Note 19 - Quarterly Financial Data (Unaudited)      HTML     34K  
                (Details Textual)                                                
101: R86         Note 19 - Quarterly Financial Data (Unaudited) -    HTML     67K  
                Quarterly Financial Data (Unaudited) (Details)                   
103: XML         IDEA XML File -- Filing Summary                      XML    199K  
15: XML         XBRL Instance -- anik20201231_10k_htm                XML   2.55M 
102: EXCEL       IDEA Workbook of Financial Reports                  XLSX    118K  
11: EX-101.CAL  XBRL Calculations -- anik-20201231_cal               XML    186K 
12: EX-101.DEF  XBRL Definitions -- anik-20201231_def                XML   1.68M 
13: EX-101.LAB  XBRL Labels -- anik-20201231_lab                     XML   1.36M 
14: EX-101.PRE  XBRL Presentations -- anik-20201231_pre              XML   1.72M 
10: EX-101.SCH  XBRL Schema -- anik-20201231                         XSD    250K 
104: JSON        XBRL Instance as JSON Data -- MetaLinks              456±   766K  
105: ZIP         XBRL Zipped Folder -- 0001171843-21-001573-xbrl      Zip    374K  


‘R19’   —   Note 13 – Revenue by Product Group, by Significant Customer and by Geographic Location; Geographic Information


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.20.4
Note 13 - Revenue by Product Group, by Significant Customer and by Geographic Location; Geographic Information
12 Months Ended
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

13. Revenue by Product Group, by Significant Customer and by Geographic Location; Geographic Information

 

The Company categorizes its product portfolio into three product families: Joint Pain Management, Joint Preservation and Restoration, and Other. Anika’s consolidated financial statements include results of operations for Parcus Medical from the January 24, 2020 acquisition date and Arthrosurface from the February 3, 2020 acquisition date.

 

      Product revenue by product group is as follows:

 

  

Years Ended December 31,

 
  

2020

  

2019

  

2018

 
  

Revenue

  

Percentage of
Product
Revenue

  

Revenue

  

Percentage of
Product
Revenue

  

Revenue

  

Percentage of
Product
Revenue

 

Joint Pain Management

 $83,029   64

%

 $103,466   90

%

 $96,719   92

%

Joint Preservation and Restoration

  39,368   30

%

  2,070   2

%

  1,127   1

%

Other

  8,060   6

%

  8,976   8

%

  7,685   7

%

  $130,457   100

%

 $114,512   100

%

 $105,531   100

%

 

Product revenue from the Company’s sole significant customer, Mitek, as a percentage of the Company’s total product revenue was 49%, 71%, and 73% for the years ended December 31, 2020, 2019, and 2018, respectively.

 

Total revenue by geographic location based on the location of the customer in total and as a percentage of total revenue are as follows:

 

  

Years Ended December 31,

 
  

2020

  

2019

  

2018

 
  

Total

  

Percentage of

  

Total

  

Percentage of

  

Total

  

Percentage of

 
  

Revenue

  

Revenue

  

Revenue

  

Revenue

  

Revenue

  

Revenue

 

Geographic Location:

                        

United States

 $103,182   79

%

 $90,302   79

%

 $85,351   81

%

Europe

  14,179   11

%

  14,744   13

%

  11,730   11

%

Other

  13,096   10

%

  9,564   8

%

  8,474   8

%

Total

 $130,457   100

%

 $114,610   100

%

 $105,555   100

%

 

On May 2, 2018, the Company publicly disclosed a voluntary recall of certain production lots of its HYAFF-based products, Hyalofast, Hyalograft C, and Hyalomatrix. The Company initiated the voluntary recall after internal quality testing, which indicated that the products were at risk of not maintaining certain measures throughout their entire shelf life. While there was no indication of any safety or efficacy issue related to the products at the time, the Company removed the products from the field as a precautionary measure. In 2018, the Company recorded a revenue reserve for this voluntary recall of $1.1 million of which $0.9 million was related to revenue recorded in prior periods. The revenue reserves impacted Joint Preservation and Restoration and Other product groups and all geographic locations. There was no remaining revenue reserve as of December 31, 2020 and 2019.

 

Net long-lived assets, consisting of net property and equipment, are subject to geographic risks because they are generally difficult to move and to effectively utilize in another geographic area in a reasonable time period and because they are relatively illiquid. Net tangible long-lived assets by principal geographic areas are as follows:

 

  

Years Ended December 31,

 
  

2020

  

2019

 

United States

 $48,611  $48,635 

Italy

  2,002   2,148 

Total

 $50,613  $50,783 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/5/21
For Period end:12/31/2010-K/A
2/3/208-K,  8-K/A
1/24/208-K,  8-K/A
12/31/1910-K
12/31/1810-K
5/2/188-K
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/15/24  Anika Therapeutics, Inc.          10-K       12/31/23   90:9.1M                                   Globenewswire Inc./FA
 3/16/23  Anika Therapeutics, Inc.          10-K       12/31/22   97:10M                                    Globenewswire Inc./FA
 3/11/22  Anika Therapeutics, Inc.          10-K       12/31/21  105:25M                                    Globenewswire Inc./FA
 5/07/21  Anika Therapeutics, Inc.          10-Q        3/31/21   67:5.1M                                   Globenewswire Inc./FA
 4/26/21  Anika Therapeutics, Inc.          10-K/A     12/31/20  100:10M                                    Globenewswire Inc./FA


32 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/05/20  Anika Therapeutics, Inc.          8-K:5,7,9   8/05/20    3:95K                                    Globenewswire Inc./FA
 6/18/20  Anika Therapeutics, Inc.          8-K:5,9     6/16/20    2:194K                                   Globenewswire Inc./FA
 5/22/20  Anika Therapeutics, Inc.          10-Q        3/31/20   77:4.8M                                   Globenewswire Inc./FA
 4/29/20  Anika Therapeutics, Inc.          8-K:1,5,7,9 4/23/20    3:147K                                   Globenewswire Inc./FA
 3/06/20  Anika Therapeutics, Inc.          10-K       12/31/19   98:6.4M                                   Globenewswire Inc./FA
 3/02/20  Anika Therapeutics, Inc.          8-K:5,9     2/25/20    2:53K                                    Globenewswire Inc./FA
 1/07/20  Anika Therapeutics, Inc.          8-K:1,9     1/04/20    3:1.2M                                   Globenewswire Inc./FA
 7/26/19  Anika Therapeutics, Inc.          10-Q        6/30/19   68:3.4M                                   Globenewswire Inc./FA
 7/10/19  Anika Therapeutics, Inc.          8-K:5       7/05/19    3:131K                                   Globenewswire Inc./FA
 6/20/19  Anika Therapeutics, Inc.          8-K:5,9     6/18/19    2:185K                                   Globenewswire Inc./FA
 4/12/19  Anika Therapeutics, Inc.          8-K:5,9     4/09/19    5:230K                                   Globenewswire Inc./FA
 7/31/18  Anika Therapeutics, Inc.          10-Q        6/30/18   62:2.9M                                   Globenewswire Inc./FA
 6/06/18  Anika Therapeutics, Inc.          8-K:5,8,9   5/31/18    4:323K                                   Globenewswire Inc./FA
 3/08/18  Anika Therapeutics, Inc.          8-K:5,8,9   3/02/18    4:141K                                   Globenewswire Inc./FA
10/27/17  Anika Therapeutics, Inc.          10-Q        9/30/17   66:4.1M                                   Globenewswire Inc./FA
 7/27/17  Anika Therapeutics, Inc.          8-K:5,7,9   7/27/17    3:116K                                   Business Wire/FA
 6/19/17  Anika Therapeutics, Inc.          8-K:5,9     6/13/17    6:320K                                   Globenewswire Inc./FA
 2/24/17  Anika Therapeutics, Inc.          10-K       12/31/16   86:5.9M                                   Globenewswire Inc./FA
 5/03/16  Anika Therapeutics, Inc.          10-Q        3/31/16   65:2.6M                                   Globenewswire Inc./FA
10/14/15  Anika Therapeutics, Inc.          8-K:1,9    10/09/15    2:252K                                   Business Wire/FA
 5/05/14  Anika Therapeutics, Inc.          10-Q        3/31/14   61:3.5M                                   Globenewswire Inc./FA
12/22/11  Anika Therapeutics, Inc.          8-K:1,9    12/21/11    3:832K                                   Business Wire/FA
 6/10/11  Anika Therapeutics, Inc.          8-K:5,9     6/07/11    2:108K                                   Business Wire/FA
 3/16/11  Anika Therapeutics, Inc.          10-K       12/31/10   10:2M                                     Business Wire/FA
 1/06/10  Anika Therapeutics, Inc.          8-K:1,2,3,912/30/09    7:1.4M                                   Business Wire/FA
 9/14/09  Anika Therapeutics, Inc.          8-K:5       9/10/09    3:108K                                   Business Wire/FA
10/22/08  Anika Therapeutics, Inc.          8-K:5      10/17/08    3:249K                                   Business Wire/FA
 3/12/08  Anika Therapeutics, Inc.          10-K       12/31/07    8:784K                                   Toppan Merrill-FA
 2/06/08  Anika Therapeutics, Inc.          8-K:1,5,9   1/31/08    4:794K                                   Toppan Merrill/FA
 1/10/07  Anika Therapeutics, Inc.          8-K:1,2,9   1/04/07    2:489K                                   Toppan Merrill/FA
10/05/04  Anika Therapeutics, Inc.          8-K:1,5,9   9/29/04    6:201K                                   Toppan Merrill/FA
 3/30/04  Anika Therapeutics, Inc.          10-K       12/31/03    8:741K                                   Toppan Merrill-FA
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Filing Submission 0001171843-21-001573   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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