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.
Overview
Apyx Medical Corporation is an energy technology company distinguished by its innovative plasma‐based medical devices utilized in both the cosmetic and hospital surgical markets. The company develops, manufactures, and markets advanced energy solutions that provide surgeons with precise and controlled heat applications, addressing both tissue cutting and coagulation needs. Operating under a dual-segment framework, its services are divided into Advanced Energy and Original Equipment Manufacturing (OEM), each contributing uniquely to its overall market presence. Its technology portfolio, including the Renuvion and J-Plasma systems, leverages patented helium plasma technology and specialized waveforms, enabling high-performance surgical applications and reducing unintended tissue trauma.
Advanced Energy Solutions
The Advanced Energy segment of Apyx Medical Corporation centers on its core plasma-based technologies. These systems are designed to offer enhanced control during surgical and cosmetic procedures by delivering precise energy in the form of helium plasma. Surgeons in both cosmetic and hospital surgical environments benefit from these technologies through improved accuracy and reduced collateral tissue damage. The company has strategically engineered its products to support various applications, ranging from body contouring and soft tissue ablation to coagulation, positioning itself as a key player in the energy technology medical device industry. The integration of over 90 clinical documents demonstrates a consistent level of clinical validation and supports the efficacy and safety profiles of these advanced energy solutions.
OEM Manufacturing Capabilities
In addition to its Advanced Energy segment, Apyx Medical Corporation is also prominently involved in the Original Equipment Manufacturing (OEM) sector. By designing and producing electrosurgical generators and related accessories, the company not only markets its own devices but also partners with other leading medical device manufacturers. This dual approach enables Apyx to extend its technological expertise to a wider market, enhancing its revenue streams while fostering innovation across the medical device landscape. The OEM segment benefits from the company’s deep experience in developing unique waveform technologies and precision energy delivery, making it an indispensable partner in the creation of next-generation medical devices.
Technology and Innovation
The technological backbone of Apyx Medical Corporation lies in its pursuit of innovation within the energy technology sector. The company’s patented plasma-based systems, marketed under brands such as Renuvion and J-Plasma, are at the forefront of modern electrosurgical applications. These systems enable controlled energy delivery, allowing surgeons to work with enhanced precision and significantly reducing the risk of unintended tissue trauma. The controlled heat delivery mechanisms are particularly critical in cosmetic and reconstructive procedures, where precision is paramount. The company’s considerable investment in research and clinical studies underpins its commitment to technological excellence, providing a robust foundation for continuous improvements and product enhancements.
Market Position and Industry Impact
Apyx Medical Corporation occupies a distinct position within the broader energy technology and medical device sectors. With a reputation for developing innovative plasma-based surgical solutions, the company serves a diverse clientele including plastic surgeons, facial plastic surgeons, and cosmetic physicians. Its technologies are integral in procedures that demand high precision and minimal invasiveness. The advanced energy solutions not only address existing surgical challenges but also set new standards in terms of device performance and patient safety. This strategic positioning is further reinforced by the company’s OEM collaborations, which enable it to disseminate its expertise across various facets of the medical device industry. While navigating a competitive environment that includes both established and emerging players, Apyx distinguishes itself through its commitment to refining technological innovations and adhering to rigorous clinical standards.
Operational Excellence and Quality Assurance
Operational excellence is a core tenet of Apyx Medical Corporation’s business model. The company emphasizes rigorous quality control processes during the design, development, and manufacturing phases of its products. Such practices ensure that every device meets stringent safety and performance criteria, a crucial factor in the highly regulated medical device industry. Through continuous process improvements and quality management systems, the company maintains a robust operational framework that supports its long-term sustainability and reliability as a technology provider. This commitment to excellence enhances trust among healthcare professionals and institutional partners alike.
Clinical and Surgical Applications
The practical applications of Apyx Medical Corporation’s technologies span a wide range of clinical and surgical environments. In cosmetic surgery, the Renuvion system offers a transformative approach to body contouring by providing controlled energy delivery tailored for precision and minimal invasiveness. Similarly, the J-Plasma system is engineered to meet the rigorous demands of hospital surgical procedures, ensuring that surgeons can achieve effective tissue modification with enhanced safety. The integration of clinical evidence into its product development process further confirms the efficacy of these applications, thereby fortifying the company’s reputation in the clinical community. This dual-application strategy not only broadens the market reach but also underscores the versatility and adaptability of the company’s technological solutions.
Strategic Collaborations and Market Expansion
Apyx Medical Corporation’s strategic approach includes forging key partnerships within the medical device sector through OEM arrangements. These collaborations facilitate the integration of its advanced energy technologies into the broader ecosystem of medical devices, thereby driving market expansion. By leveraging the expertise of established industry partners, the company is able to refine its product offerings, gain new insights into market demands, and maintain a competitive edge. Such collaborations ensure that Apyx remains at the cutting edge of medical technology innovation, thereby continuously reinforcing its value proposition.
Expertise and Authoritativeness
The company’s extensive experience and technical expertise in the field of energy-based surgical solutions are evident in its comprehensive portfolio and the clinical validation of its products. With a heritage rooted in decades of research and innovation, Apyx Medical Corporation has developed a robust framework for understanding and addressing the complex challenges inherent in both cosmetic and surgical treatments. This depth of expertise is reflected in the strategic development and deployment of its technologies, which combine precision engineering with a clear understanding of clinical needs. The company’s ability to deliver solutions that optimize surgical outcomes while minimizing risks highlights its authoritative presence in the energy technology space.
Competitive Landscape and Differentiation
Within a competitive market populated by several established players, Apyx Medical Corporation differentiates itself through its unique blend of advanced energy technology and strategic OEM partnerships. Its focus on precision, safety, and controlled heat delivery distinguishes its product offerings from traditional electrosurgical instruments. The company’s approach to integrating clinical evidence with innovative technology ensures that its solutions are both effective and reliable. This differentiation is critical in an industry where technological nuances can significantly impact surgical outcomes and patient safety. By continually investing in research and maintaining rigorous quality standards, Apyx positions itself as a trusted provider of cutting-edge medical technologies.
Conclusion
In summary, Apyx Medical Corporation exemplifies the convergence of energy technology and advanced medical device manufacturing. Its dual-segment operation, spanning both advanced energy products and OEM manufacturing, enables the company to offer comprehensive solutions that address critical needs in cosmetic and surgical applications. Through its innovative plasma-based systems, the company delivers unmatched precision and safety, supported by an extensive body of clinical research and a commitment to operational excellence. As a respected contributor to the energy technology and medical device industries, Apyx continues to influence the standard of care in surgical procedures, making it a subject of ongoing interest for investors, healthcare professionals, and industry analysts alike.
Apyx Medical Corporation (NASDAQ: APYX) reported a second quarter 2022 revenue of $10.3 million, an 8% decrease year-over-year. Advanced Energy revenues fell 16% to $8.4 million, while OEM revenues rose 55% to $1.9 million. The net loss increased to $5.4 million from $4.0 million in Q2 2021. The company adjusted its full-year revenue guidance to $51.0 million to $56.4 million, reflecting a 5% to 16% growth expectation. Key 510(k) clearances from the FDA for Renuvion products were achieved, expanding market opportunities.
Apyx Medical Corporation (NASDAQ:APYX) has unveiled its inaugural environmental, social, and governance (ESG) data through a newly released tear sheet. This document, compiled with third-party assistance, highlights the Company's ESG priorities and sets a baseline for future assessments. It includes data for the year ending December 31, 2021, focusing on environmental, social, and governance issues, including energy management, product safety, and Board diversity. CEO Charlie Goodwin emphasized the importance of these efforts to positively impact employees and stakeholders.
Apyx Medical Corporation (NASDAQ: APYX) has received FDA 510(k) clearance for its Renuvion technology, enabling its use in cosmetic procedures aimed at improving lax skin in the neck and chin. Renuvion stands out as the only FDA-cleared solution for this application, providing a minimally-invasive option to address age-related skin sagging. The company anticipates a surge in demand in the cosmetic market, with Renuvion offering effective treatment by directly targeting collagen fibers for a smoother appearance. This development positions Apyx Medical favorably in the growing aesthetic medical field.
Apyx Medical Corporation (NASDAQ:APYX) announced FDA 510(k) clearance for its Renuvion APR Handpiece, allowing use in dermatological procedures for tightening lax skin in the neck and submental areas. This clearance positions Renuvion as the only FDA-cleared device for these applications, targeting an estimated 200,000 neck contouring procedures annually in the U.S. A limited launch is expected by Q3 2022, with full commercialization aimed for year-end. This marks the company's second regulatory clearance within two months, highlighting its commitment to innovative medical solutions.
Apyx Medical Corporation (NASDAQ:APYX) has released positive results from its pivotal Phase II study of the Renuvion device aimed at improving lax skin appearance in the neck and submental area. The study demonstrated key outcomes, with 82.5% of 65 subjects showing improvements at six months, and 96.9% reporting low pain levels post-procedure. Additionally, 85.5% of participants rated their results as improved. No serious adverse events were linked to Renuvion. The company anticipates moving forward with marketing efforts subject to FDA clearance.
Apyx Medical Corporation (NASDAQ:APYX) will release its financial results for Q2 fiscal 2022 on August 11th, after market close. A conference call is scheduled for 5:00 p.m. ET that day, where management will discuss the financial performance and answer questions. Participants can join via phone or a live webcast. Apyx Medical specializes in advanced energy technology, particularly its Helium Plasma Technology products marketed as Renuvion and J-Plasma, used for controlled tissue heating in surgical procedures.
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%.
FAQ
What is the current stock price of Apyx Medical Corporation (APYX)?
What is the market cap of Apyx Medical Corporation (APYX)?
What is Apyx Medical Corporation's core business?
How does Apyx generate revenue?
What are the main technologies used by Apyx Medical Corporation?
Who are the primary customers of Apyx Medical Corporation?
How does the company ensure the safety and efficacy of its products?
What differentiates Apyx Medical Corporation from its competitors?
In what ways does the company support clinical applications?
What role do OEM partnerships play for Apyx Medical Corporation?
