Anika maintains 2025 revenue ranges by channel as follows: Commercial Channel, unchanged, of $47 to $49.5 million, up 12% to 18% year over year; OEM Channel, unchanged, of $62 to $65 million, down 16% to 20% year over year. Anika maintains Adjusted EBITDA as a percent of revenue of positive 3% to negative 3%.
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