<SEC-DOCUMENT>0001157523-16-006245.txt : 20160727
<SEC-HEADER>0001157523-16-006245.hdr.sgml : 20160727
<ACCEPTANCE-DATETIME>20160727160750
ACCESSION NUMBER:		0001157523-16-006245
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160727
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160727
DATE AS OF CHANGE:		20160727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Anika Therapeutics, Inc.
		CENTRAL INDEX KEY:			0000898437
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				043145961
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14027
		FILM NUMBER:		161786797

	BUSINESS ADDRESS:	
		STREET 1:		32 WIGGINS AVENUE
		CITY:			BEDFORD
		STATE:			MA
		ZIP:			01730
		BUSINESS PHONE:		(781) 457-9000

	MAIL ADDRESS:	
		STREET 1:		32 WIGGINS AVENUE
		CITY:			BEDFORD
		STATE:			MA
		ZIP:			01730

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANIKA THERAPEUTICS INC
		DATE OF NAME CHANGE:	19970114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANIKA RESEARCH INC
		DATE OF NAME CHANGE:	19930309
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51389764.htm
<DESCRIPTION>ANIKA THERAPEUTICS, INC. 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 10pt">UNITED STATES</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 10pt">SECURITIES
      AND EXCHANGE COMMISSION</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font>
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    <p style="text-align: center">
      <font style="font-size: 10pt">Washington, D.C. 20549</font><br><br><font style="font-family: Times New Roman; font-size: 10pt">FORM
      8-K</font><br><br><br><font style="font-size: 10pt">CURRENT REPORT</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">PURSUANT
      TO SECTION 13 OR 15(d)</font><br><font style="font-size: 10pt">OF THE
      SECURITIES EXCHANGE ACT OF 1934</font><br><br><font style="font-family: Times New Roman; font-size: 10pt">Date
      of Report (Date of earliest event reported): July 27, 2016</font><br><br>
    </p>
    <div style="text-align:center">
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            Anika Therapeutics, Inc.
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(Exact name of registrant as specified in its charter)</i>
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    <hr style="text-align: center; width: 25%; color: #000000; height: 1.0 pt">


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          <p style="margin-bottom: 0px; margin-top: 0px">
            Massachusetts
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          <p style="margin-bottom: 0px; margin-top: 0px">
            000-21326
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: center; padding-right: 0.0px; width: 33%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            04-314-5961
          </p>
        </td>
      </tr>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(State or other jurisdiction of<br>incorporation or
            organization)</i>
          </p>
        </td>
        <td valign="top" style="text-align: center; width: 34%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(Commission file number)</i>
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        </td>
        <td valign="top" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(I.R.S. Employer<br>Identification No.)</i>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman">
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          <p style="margin-bottom: 0px; margin-top: 0px">
            32 Wiggins Avenue, Bedford, MA 01730
          </p>
        </td>
      </tr>
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        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(Address of principal executive offices) (Zip code)</i>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <i>Registrant's telephone number, including area code</i>: 781-457-9000
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <i>(Former name or former address, if changed since last report)</i>
    </p>
    <p style="text-align: center">

    </p>
    <hr style="text-align: center; width: 25%; color: #000000; height: 1.0 pt">


    <p style="text-align: left">

    </p>
    <p style="text-align: left">

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligations of the registrant under
      any of the following provisions:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>

    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>Section 2--Financial Information</b>
    </p>
    <p style="white-space: nowrap">
      Item 2.02.&#160;&#160;Results of Operations and Financial Condition.
    </p>
    <p>
      The following information, including the exhibit attached hereto, is
      intended to be furnished and shall not be deemed &quot;filed&quot; for purposes of
      Section 18 of the Securities Exchange Act of 1934 (the &quot;Exchange Act&quot;)
      or otherwise subject to the liabilities of that section, nor shall it be
      deemed incorporated by reference in any filing under the Securities Act
      of 1933 or the Exchange Act, except as expressly set forth by specific
      reference in such filing.
    </p>
    <p>
      On July 27, 2016, Anika Therapeutics, Inc. issued a press release
      announcing its financial results for the second quarter ended June 30,
      2016.&#160;&#160;The full text of the press release is furnished as Exhibit 99.1
      hereto and is incorporated herein by reference.
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <b>Section 9--Financial Statements and Exhibits</b>
    </p>
    <p style="white-space: nowrap">
      Item 9.01.&#160;&#160;Financial Statements and Exhibits.
    </p>
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          (d)
        </td>
        <td valign="top" style="text-align: left; width: 5%; padding-left: 5.0px">
          Exhibits.
        </td>
        <td style="width: 90%">

        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 90%">
          &#160;
        </td>
      </tr>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 5%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 90%; padding-left: 0.0px">
          Press Release of Anika Therapeutics, Inc. dated July 27, 2016.
        </td>
      </tr>
    </table>
    </div>
    <p style="margin-left: 60.0px; white-space: nowrap">
      <br>
      <br>
      <br>
      <br>
      <br>

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        <div style="text-align: center">

        </div>
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          <hr style="color: black; height: 1.5pt">

        </div>
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      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">SIGNATURE</font><br>
    </p>
    <p>
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be filed on its behalf by the
      undersigned hereunto duly authorized.
    </p>
    <p>

    </p>
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        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Anika Therapeutics, Inc.
          </p>
        </td>
      </tr>
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        <td style="width: 50%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
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        <td valign="top" style="text-align: left; width: 50%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:&#160;July 27, 2016
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 5%; padding-left: 0.0px">
          By:
        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>&#160;&#160;&#160;&#160;&#160; /s/ Sylvia Cheung</u>
          </p>
        </td>
      </tr>
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        <td style="width: 50%">

        </td>
        <td valign="top" style="text-align: left; width: 5%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 20.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Sylvia Cheung
          </p>
        </td>
      </tr>
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        <td style="width: 50%">

        </td>
        <td valign="top" style="text-align: left; width: 5%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 20.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
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        </div>
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        <div style="text-align: center">

        </div>
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          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
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        <div style="text-align: right">

        </div>
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    </div>
    <p>

    </p>
    <p style="text-align: center">
      Exhibit Index
    </p>
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    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman">
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          99.1
        </td>
        <td valign="top" style="text-align: left; width: 88%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release of Anika Therapeutics, Inc. dated July 27, 2016.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51389764ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Anika
      Reports Second Quarter 2016 Financial Results</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Total
      Revenue Increases 16% Year-over-Year</b></font></i>
    </p>
    <p>
      BEDFORD, Mass.--(BUSINESS WIRE)--July 27, 2016--Anika Therapeutics, Inc.
      (NASDAQ: ANIK), a global, integrated orthopedic medicines company
      specializing in therapeutics based on its proprietary hyaluronic acid
      (&#8220;HA&#8221;) technology, today reported financial results for the second
      quarter ended June 30, 2016, along with business progress in the period.
    </p>
    <p>
      &#8220;We continued our strong momentum in the second quarter, with total
      revenue growth of 16% year- over-year for the quarter,&#8221; said Charles H.
      Sherwood, Ph.D., President and Chief Executive Officer. &#8220;MONOVISC end
      user demand remained strong, we achieved important milestones in our
      global expansion with the launch of CINGAL in Canada and Europe, and we
      continued to advance our deep and differentiated pipeline. We are
      well-positioned to drive future growth and create significant near- and
      long-term value for patients and shareholders.&#8221;
    </p>
    <p>
      <b>Second Quarter Financial Results</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Total revenue for the second quarter of 2016 increased 16% to $26.6
        million, compared to $22.9 million for the second quarter of 2015.
      </li>
      <li style="margin-bottom: 10.0px">
        Worldwide Orthobiologics revenue grew 21% year-over-year in the second
        quarter of 2016. ORTHOVISC and MONOVISC, our lead viscosupplementation
        products in the Orthobiologics franchise, continued to be the main
        revenue driver.
      </li>
      <li style="margin-bottom: 10.0px">
        International Orthobiologics revenue grew 36% year-over-year in the
        second quarter of 2016 as a result of our global commercial expansion
        efforts. Domestically, ORTHOVISC maintained its position as the
        leading multiple-injection product. MONOVISC continued to hold the
        number two position in the single-injection segment.
      </li>
      <li style="margin-bottom: 10.0px">
        Total operating expenses for the second quarter of 2016 were $13.1
        million, compared to $10.5 million for the second quarter of 2015.
      </li>
      <li style="margin-bottom: 10.0px">
        Net income for the second quarter of 2016 increased $0.8 million to
        $8.6 million, or $0.57 per diluted share, compared to $7.8 million, or
        $0.51 per diluted share, for the second quarter of 2015.
      </li>
    </ul>
    <p>
      <b>Recent Business Highlights</b>
    </p>
    <p>
      The Company made key commercial, operational, pipeline, and financial
      advancements, including:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Commercially launching CINGAL, the Company&#8217;s third generation
        viscosupplement, in Europe and Canada to treat pain associated with
        osteoarthritis.
      </li>
      <li style="margin-bottom: 10.0px">
        Advancing its product pipeline with continued progress on the
        FastTRACK Phase III HYALOFAST Study, as well as the Phase III MONOVISC
        study for the treatment of osteoarthritis pain in the hip.
      </li>
      <li style="margin-bottom: 10.0px">
        Submitting and obtaining approval of an investigational device
        exemption to conduct a Phase III clinical trial for the treatment of
        pain associated with lateral epicondylosis, or tennis elbow. The study
        plans to enroll 185 patients across approximately 20 investigational
        sites in the U.S. and Europe beginning in the fourth quarter of 2016.
      </li>
      <li style="margin-bottom: 10.0px">
        Continuing to execute the Company&#8217;s $25 million accelerated share
        repurchase program, with completion expected in August 2016.
      </li>
      <li style="margin-bottom: 10.0px">
        Progressing with the full integration of the Company&#8217;s global
        manufacturing operations under one roof in Anika&#8217;s Bedford, Mass.
        global headquarters.
      </li>
    </ul>
    <div style="margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Conference Call Information</b>
    </p>
    <p>
      Anika&#8217;s management will hold a conference call and webcast to discuss
      its financial results and business highlights tomorrow, Thursday, July 28<sup>th
      </sup>at 9:00 am ET. The conference call can be accessed by dialing
      1-855-468-0611 (toll-free domestic) or 1-484-756-4332 (international). A
      live audio webcast will be available in the &quot;Investor Relations&quot; section
      of Anika&#8217;s website, <u>www.anikatherapeutics.com</u>. An
      accompanying slide presentation may also be accessed via the Anika
      website. A replay of the webcast will be available on Anika&#8217;s website
      approximately two hours after the completion of the event.
    </p>
    <p>
      <b>About Anika Therapeutics, Inc.</b>
    </p>
    <p>
      Anika Therapeutics, Inc. (NASDAQ: ANIK) is a global, integrated
      orthopedic medicines company based in Bedford, Mass. Anika is committed
      to improving the lives of patients with degenerative orthopedic diseases
      and traumatic conditions by providing clinically meaningful therapeutic
      pain management solutions along the continuum of care, from palliative
      care to regenerative medicine. The Company has over two decades of
      expertise developing, manufacturing and commercializing more than 20
      products, in markets across the globe, based on its proprietary
      hyaluronic acid (HA) technology. Anika&#8217;s orthopedic medicine portfolio
      is comprised of marketed (ORTHOVISC<sup>&#174;</sup> and MONOVISC<sup>&#174;</sup>)
      and pipeline (CINGAL<sup>&#174;</sup> and HYALOFAST<sup>&#174;</sup> in
      the U.S.) products to alleviate pain and restore joint function by
      replenishing depleted HA and aiding cartilage repair and regeneration.
      For more information about Anika, please visit <u>www.anikatherapeutics.com</u>.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      <i>The statements made in the third and fourth bullet points in the
      section captioned &#8220;Recent Business Highlights&#8221; of this press release,
      which are not statements of historical fact, are forward-looking
      statements within the meaning of Section 27A of the Securities Act of
      1933, as amended, and Section 21E of the Securities Exchange Act of
      1934, as amended. These statements include, but are not limited to,
      those relating to the Company&#8217;s advancement of its pipeline, the
      Company&#8217;s enrollment plans for its lateral epicondylosis clinical trial,
      and the expected timeline for completion of the Company&#8217;s accelerated
      share repurchase program. These statements are based upon the current
      beliefs and expectations of the Company&#8217;s management and are subject to
      significant risks, uncertainties, and other factors. The Company&#8217;s
      actual results could differ materially from any anticipated future
      results, performance, or achievements described in the forward-looking
      statements as a result of a number of factors including, but not limited
      to, (i) the Company&#8217;s ability to successfully commence and/or complete
      clinical trials of its products on a timely basis or at all; (ii) the
      Company&#8217;s ability to obtain pre-clinical or clinical data to support
      domestic and international pre-market approval applications, 510(k)
      applications, or new drug applications, or to timely file and receive
      FDA or other regulatory approvals or clearances of its products; (iii)
      that such approvals will not be obtained in a timely manner or without
      the need for additional clinical trials, other testing or regulatory
      submissions, as applicable; (iv) the Company&#8217;s research and product
      development efforts and their relative success, including whether we
      have any meaningful sales of any new products resulting from such
      efforts; (v) the cost effectiveness and efficiency of the Company&#8217;s
      clinical studies, manufacturing operations, and production planning;
      (vi) the strength of the economies in which the Company operates or will
      be operating, as well as the political stability of any of those
      geographic areas; (vii) future determinations by the Company to allocate
      resources to products and in directions not presently contemplated;
      (viii) the Company&#8217;s ability to successfully commercialize its products,
      in the U.S. and abroad; (ix) the Company&#8217;s ability to provide an
      adequate and timely supply of its products to its customers; and (x) the
      Company&#8217;s ability to achieve its growth targets. Additional factors and
      risks are described in the Company&#8217;s periodic reports filed with the
      Securities and Exchange Commission, and they are available on the SEC&#8217;s
      website at <u>www.sec.gov</u>. Forward-looking statements are made based
      on information available to the Company on the date of this press
      release, and the Company assumes no obligation to update the information
      contained in this press release.</i>
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 8pt; width: 100%; font-family: Times New Roman">
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="13">
          <b>Anika Therapeutics, Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="13">
          <b>Condensed Consolidated Statements of Operations</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="13">
          <b>(in thousands, except per share data)</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="13">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For the Three Months Ended June 30,</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For the Six Months Ended June 30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2015</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Product revenue
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          26,575
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          22,898
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          48,853
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          38,413
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Licensing, milestone and contract revenue
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          6
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          6
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          11
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          11
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Total revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          26,581
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          22,904
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          48,864
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          38,424
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Operating expenses:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Cost of product revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          6,065
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          5,275
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          11,490
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          9,588
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Research &amp; development
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          2,792
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          1,812
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          4,951
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          3,910
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px; padding-bottom: 2.0px">
          Selling, general &amp; administrative
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          4,255
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          3,388
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          8,245
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          6,993
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Total operating expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          13,112
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          10,475
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          24,686
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          20,491
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Income from operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          13,469
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          12,429
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          24,178
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          17,933
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px; padding-bottom: 2.0px">
          Interest income, net
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          49
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          24
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          121
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          48
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Income before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          13,518
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          12,453
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          24,299
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          17,981
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px; padding-bottom: 2.0px">
          Provision for income taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          4,903
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          4,634
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          8,789
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          6,646
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">
          Net income
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          8,615
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          7,819
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          15,510
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          11,335
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Basic net income per share:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Net income
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          0.59
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          0.52
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          1.05
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          0.76
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Basic weighted average common shares outstanding
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          14,679
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          14,961
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          14,778
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          14,934
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Diluted net income per share:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Net income
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          0.57
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          0.51
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          1.02
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          0.74
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Diluted weighted average common shares outstanding
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          15,111
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          15,336
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          15,210
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          15,332
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 8pt; width: 100%; font-family: Times New Roman">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="9">
          <b>Anika Therapeutics, Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="9">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="9">
          <b>(in thousands, except share data and per share data)</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="9">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>June 30,</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; text-align: center; padding-right: 0.0px; padding-left: 0.0px" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>December 31,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2015</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Current assets:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          89,125
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          110,707
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Investments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          22,500
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          27,751
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Accounts receivable, net of reserves of $220 and $167 at June 30,
          2016 and December 31, 2015, respectively
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          24,597
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          21,652
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          17,264
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          14,938
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px; padding-bottom: 2.0px">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          1,158
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          1,385
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 40.0px">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          154,644
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          176,433
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          49,198
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          40,108
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Long-term deposits and other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          69
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          69
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Intangible assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          11,259
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          11,656
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px">
          Goodwill
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          7,568
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          7,482
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">
          Total Assets
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          222,738
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          235,748
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px">
          <b>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Current liabilities:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Accounts payable
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          3,294
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          8,302
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Accrued expenses and other current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          6,638
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          4,778
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px; padding-bottom: 2.0px">
          Income taxes payable
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          591
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          4,198
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 40.0px; padding-bottom: 2.0px">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          10,523
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          17,278
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Other long-term liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          1,173
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          781
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Long-term deferred revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          56
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          66
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Deferred tax liability
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          6,570
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          6,775
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Commitments and contingencies
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Stockholders&#8217; equity:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Preferred stock, $.01 par value; 1,250,000 shares authorized, no
          shares issued and outstanding at June 30, 2016 and December 31,
          2015, respectively
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Common stock, $.01 par value; 60,000,000 and 30,000,000 shares
          authorized, 14,777,663 and 15,036,808 shares issued and outstanding
          at June 30, 2016 and December 31, 2015, respectively
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          148
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          150
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Additional paid-in-capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          59,506
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          81,685
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Accumulated other comprehensive loss
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          (6,410
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          (6,649
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px; padding-bottom: 2.0px">
          Retained earnings
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          151,172
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          135,662
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 40.0px; padding-bottom: 2.0px">
          Total stockholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          204,416
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          210,848
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px">
          Total Liabilities and Stockholders&#8217; Equity
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          222,738
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          235,748
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 8pt; width: 100%; font-family: Times New Roman">
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="25">
          <b>Anika Therapeutics, Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="25">
          <b>Supplemental Financial Data</b>
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="25">
          <b>Revenue by Product Line and Product Gross Margin</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="25">
          <b>(in thousands, except percentages)</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="25">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px" colspan="11">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For the Three Months Ended June 30,</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px" colspan="11">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For the Six Months Ended June 30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>%</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2015</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>%</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>%</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2015</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>%</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px">
          Orthobiologics
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          23,304
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          88
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          19,283
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          84
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          42,891
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          88
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          31,255
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          81
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px">
          Surgical
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          1,433
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          5
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          1,647
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          7
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          2,751
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          5
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          3,037
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          8
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px">
          Dermal
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          582
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          2
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          303
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          1
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          963
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          2
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          719
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          2
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px">
          Other
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          1,256
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          5
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          1,665
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          8
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          2,248
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          5
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          3,402
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          9
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px; padding-bottom: 4.0px">
          Product Revenue
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          26,575
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          100
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          22,898
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          100
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          48,853
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          100
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          38,413
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          100
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Product Gross Profit
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          20,510
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          17,623
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          37,363
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          28,825
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Product Gross Margin
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          77%
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          77%
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          77%
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          75%
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="25">
          <b>Product Revenue by Geographic Region</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="25">
          <b>(in thousands, except percentages)</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="25">
          (unaudited)
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px" colspan="11">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For the Three Months Ended June 30,</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-left: 0.0px" colspan="11">
          <b>For the Six Months Ended June 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>%</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2015</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>%</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>%</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          <b>2015</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Geographic Location:</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px">
          United States
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          21,895
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          82
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          19,218
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          84
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          39,906
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          82
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          31,809
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          83
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px">
          Europe
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          2,971
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          11
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          2,325
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          10
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          5,531
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          11
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          4,306
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-right: 0.0px; padding-left: 0.0px">
          11
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px; padding-bottom: 2.0px">
          Other
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          1,709
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          7
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          1,355
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          6
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          3,416
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          7
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          2,298
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          6
        </td>
        <td valign="bottom" style="border-bottom-style: solid; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 15.0px; padding-bottom: 4.0px">
          Product Revenue
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          26,575
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          100
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          22,898
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          100
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          48,853
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          100
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          38,413
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: right; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          100
        </td>
        <td valign="bottom" style="border-bottom-style: double; white-space: nowrap; border-bottom-color: black; text-align: left; padding-right: 0.0px; border-bottom-width: 2.25pt; padding-left: 0.0px">
          %
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Anika Therapeutics, Inc.<br>Charles H. Sherwood, Ph.D.,
      President and CEO<br>or<br>Sylvia Cheung, CFO<br>781-457-9000
    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
