Welcome to our dedicated page for Apyx Medical Corporation news (Ticker: APYX), a resource for investors and traders seeking the latest updates and insights on Apyx Medical Corporation stock.
Apyx Medical Corporation (NASDAQ: APYX) is a cutting-edge energy technology company that develops, manufactures, and markets advanced medical devices for the cosmetic and surgical markets globally. The company operates through two primary segments: Advanced Energy and Original Equipment Manufacturing (OEM).
Under the Renuvion brand, Apyx Medical offers proprietary helium plasma and radiofrequency technology, which is widely used in cosmetic surgery. This innovative technology provides surgeons with the ability to apply controlled heat to tissues, optimizing results in procedures such as body contouring and liposuction. The J-Plasma system, marketed for surgical applications within hospitals, minimizes unintended tissue trauma during surgical operations.
Recent achievements underline Apyx Medical's commitment to advancing medical technology. In the third quarter of 2023, the company reported a 31% year-over-year increase in total revenue, highlighted by a 39% increase in Advanced Energy sales. Significant strides were made in developing the Apyx One Generator and associated accessories, which have seen robust global demand.
From a financial perspective, Apyx Medical continues to strengthen its position. For the year ending December 31, 2023, the company secured a new five-year credit agreement with Perceptive Advisors, providing up to $45 million in capital. This new agreement enhances the company's financial flexibility and supports its growth strategy.
The company's OEM segment collaborates with other medical device manufacturers to design, develop, and produce electrosurgical generators and related accessories. This segment saw a 14% year-over-year growth in revenue during the first three quarters of 2023.
Apyx Medical remains focused on leveraging regulatory clearances and expanding its market reach. Noteworthy is its active participation in industry conferences, such as the American Academy of Cosmetic Surgery’s Annual Meeting, where it showcases its innovative products and clinical findings. The company continues to invest in research and development to enhance its product offerings, and is committed to maintaining rigorous safety and efficacy standards, supported by an extensive portfolio of clinical evidence.
In summary, Apyx Medical Corporation is at the forefront of medical energy technology, providing innovative solutions that elevate patient care in both cosmetic and surgical markets. With a robust financial outlook, strategic industry partnerships, and a continuous drive for product excellence, Apyx Medical is poised for sustained growth and market leadership.
Apyx Medical Corporation (NASDAQ: APYX) announced FDA clearance for its Renuvion Dermal handpiece, allowing for wrinkle reduction procedures in patients with Fitzpatrick skin types I, II, or III. The new treatment, branded as Facial Renewal, offers a nonsurgical method for skin rejuvenation, providing patients with natural-looking results without invasive procedures. According to Dr. Tabasum Mir, the treatment addresses a significant need in cosmetic options. Apyx's President, Charlie Goodwin, highlighted this advancement as a milestone in cosmetic treatments.
Apyx Medical Corporation (NASDAQ:APYX) has received FDA 510(k) clearance for its Renuvion Dermal Handpiece, aimed at treating moderate to severe wrinkles for patients with Fitzpatrick skin types I, II, or III. This milestone allows Apyx to tap into the 200,000 annual U.S. wrinkle reduction procedures. The company plans a limited launch by Q3 2022, with full commercialization anticipated by year-end. CEO Charlie Goodwin highlighted this as a significant achievement for Apyx's long-term strategy in the U.S. cosmetic surgery market.
Apyx Medical Corporation (NASDAQ:APYX), a developer of advanced energy technology and Helium Plasma Technology, announced participation in two upcoming investor conferences. Management will engage in virtual 1x1 meetings at the Craig-Hallum 19th Annual Institutional Investor Conference on June 1, without a formal presentation. They will also take part in a fireside chat at the JMP Securities Life Sciences Conference on June 16 at 9:00 a.m. Eastern Time. An audio webcast of the fireside chat will be available on Apyx's investor relations website.
Apyx Medical Corporation (NASDAQ:APYX) reported a strong financial performance for Q1 2022, with total revenue of $12.5 million, marking a 45% increase year-over-year. The Advanced Energy segment contributed $10.8 million in revenue, a growth of 41%, while OEM revenue surged 72% to $1.7 million. Despite this success, the company reported a net loss of $5.9 million. The outlook for 2022 has been revised to forecast total revenue between $52.5 million and $59.0 million, reflecting growth of 8% to 22%.
Apyx Medical Corporation (NASDAQ:APYX) announced it will release its financial results for Q1 fiscal 2022 on May 12, 2022, before the market opens. Management will host a conference call at 8:00 a.m. ET on the same day to discuss these results and answer questions from investors. Interested parties can join the call by dialing a provided number and using an access code. The results will be available on the company's website.
Apyx Medical Corporation (NASDAQ:APYX) announced the submission of a 510(k) premarket notification to the FDA. This aims to expand indications for the Renuvion APR Handpiece, allowing its use in subcutaneous dermatological and aesthetic procedures to improve lax skin in the neck and submental region. CEO Charlie Goodwin highlighted that this submission aligns with their strategic long-term goals and is backed by safety and effectiveness data from a U.S. IDE clinical study. Successful FDA clearance would enhance market opportunities for Apyx's Renuvion technology.
Apyx Medical reported a strong performance in Q4 2021, with total revenue reaching $16.8 million, a 47% increase year-over-year. Advanced Energy sales surged 52% to $15.0 million, while OEM revenue rose 13% to $1.8 million. Despite a net loss of $2.0 million, improved efficiencies reduced the adjusted EBITDA loss to $0.3 million. For 2022, guidance is set between $50.0 million to $63.0 million in total revenue, indicating potential growth of 3% to 30%.
Apyx Medical Corporation (NASDAQ:APYX) announced that the FDA intends to issue a Medical Device Safety Communication (MDSC) regarding its Advanced Energy products, specifically concerning their off-label use. The company emphasizes ongoing compliance and support for safe practices, despite some products being used for unapproved dermal resurfacing. Apyx continues to work with the FDA for 510(k) clearances for additional clinical indications and maintains its existing clearances. Since 2017, 90 medical device reports (MDRs) have been submitted, although these represent a small fraction of total procedures performed.
Apyx Medical Corporation (NASDAQ:APYX) announced the submission of an FDA 510(k) premarket notification for its Renuvion® Dermal Handpiece aimed at dermatological procedures requiring ablation and resurfacing. This follows the publication of a peer-reviewed study in Lasers in Surgery and Medicine, confirming that 100% of subjects experienced an improvement in wrinkle scores after treatment. The study reports high satisfaction rates and no serious adverse events, supporting Apyx's regulatory strategy and market expansion goals in the U.S. cosmetic surgery market.
Apyx Medical Corporation (NASDAQ:APYX) is set to release its financial results for the fourth quarter and fiscal year 2021 on March 17th, before the market opening. A conference call will be held at 8:00 a.m. ET on the same day, allowing stakeholders to discuss the results and participate in a Q&A session. The call can be accessed via phone or a live webcast on the Company's website. A replay will be available until March 31, 2022.
Apyx Medical specializes in innovative medical devices, showcasing its Helium Plasma Technology.
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