BEDFORD, Mass. (AP) _ Anika Therapeutics Inc. (ANIK) on Thursday reported a first-quarter loss of $2.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Bedford, Massachusetts-based company said it had a loss of 20 cents.

The medical technology company posted revenue of $36.7 million in the period.

Anika shares have declined 43% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.56, a decline of 50% in the last 12 months.

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