Welcome to our dedicated page for Applied UV news (Ticker: AUVI), a resource for investors and traders seeking the latest updates and insights on Applied UV stock.
Applied UV, Inc. (AUVI) delivers innovative UV-based disinfection systems and custom mirror solutions for healthcare and hospitality sectors. This page provides investors and industry professionals with direct access to official announcements, financial updates, and strategic developments from the company.
Find timely updates on product launches, regulatory milestones, and partnership agreements that shape AUVI’s position in smart building technology and infection control markets. Content includes earnings reports, technology patents, and market expansion initiatives, offering insights into the company’s operational priorities.
Bookmark this page to stay informed about AUVI’s advancements in automated sterilization systems and decorative mirror designs. Regular updates ensure you never miss critical information affecting the company’s performance across global healthcare and hospitality markets.
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Applied UV, Inc. (Nasdaq: AUVI) collaborates with Silver Cross Hospital to implement Far-UVC Puro Protect 222nm fixtures in the Sterile Processing Department, revolutionizing hygiene and safety protocols in healthcare. The potential market opportunity in this space alone is estimated to be over $90M in the US.
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Applied UV, Inc. (AUVI) announced a 1-for-25 reverse stock split of its common stock to maintain its Nasdaq listing, effective December 12, 2023. This move aims to bring the company into compliance with the $1.00 minimum bid price requirement.
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Applied UV, Inc. (NASDAQ: AUVI) announced that its MunnWorks subsidiary has furnished Dollywood’s HeartSong Lodge & Resort with lighted and decorative mirrors, and custom vanities. The resort, located in the Great Smoky Mountains, is now enhanced by MunnWorks' exceptional furnishings, reflecting the highest standards of hospitality design. MunnWorks' commitment to creating tailor-made solutions has positioned it as a key contributor to distinguished properties.
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Applied UV, Inc. (NASDAQ: AUVI) announced strong financial results for Q3 2023, showing a 94.8% increase in total revenues and a 216.6% growth in gross profit. The company also made significant progress in innovation and commercial capabilities, initiated an organizational restructuring plan, and received several patents for its advanced technologies.
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Applied UV, Inc. (NASDAQ:AUVI) secures $6.4 Million in Underwritten Public Offering with Aegis Capital Corp. as Sole Bookrunner. The offering was successfully underwritten by Aegis Capital Corp., demonstrating investor confidence in AUVI's future growth.
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Applied UV, Inc. (Nasdaq: AUVI; AUVIP) announced the closing of an underwritten public offering with gross proceeds of approximately $6.4 million. The offering was upsized from $6.0 million and consisted of 42,666,666 units or pre-funded units. The company used some of the net proceeds for repayment of a note and intends to use the rest for general corporate purposes, including working capital.
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Applied UV, Inc. (Nasdaq: AUVI; AUVIP) announced the pricing of a public offering with gross proceeds expected to be approximately $6.4 million. The offering was upsized from $6.0 million, consisting of 42,666,666 units at an offering price of $0.15 per unit. The net proceeds will be used for the repayment of notes and general corporate purposes, including working capital. Aegis Capital Corp. is the sole book-running manager for the offering.
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Applied UV, Inc. (NASDAQ: AUVI) announced a 94.8% increase in total revenues for Q3 2023, reaching approximately $11.4 million, with gross profit growing by 216.6% to $2.7 million. The company also reiterated its 2023 revenue guidance of around $45 million. The preliminary financial results for the nine months ended September 30, 2023, showed a 117.6% increase in total revenues to approximately $32.9 million. Adjusted EBITDA for Q3 2023 is expected to be a loss of $1.5 million, an improvement from the $2.1 million loss in Q3 2022. Net cash and cash equivalents as of September 30, 2023, are approximately $1.5 million, with a secured revolving credit facility of around $1.2 million available. The company expects to be cash flow neutral in the latter half of 2024 by implementing its strategic plan for 2024.
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Applied UV, Inc. (NASDAQ: AUVI) announced its participation at the Gulfood Manufacturing event in Dubai, unveiling two new pioneering solutions aimed at revolutionizing food safety and preservation standards in the region. The Airocide Pro, developed in collaboration with Canon USA, represents the next generation of air disinfection technology. PURO HVAC solutions, including the patented Fighter Flex coil disinfection system, promise immediate cost savings and energy reduction in harsh climatic conditions. Sterilumen's strategic partnerships and innovative technologies highlight its dedication to advancing food safety and building hygiene standards in the region.
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Applied UV Inc. has announced the approval of a patent for its 'INTERCHANGEABLE DRAIN DISINFECTING DEVICE' that optimizes UV source irradiation to effectively disinfect drain systems. The company has also submitted a new patent for its Fighter Flex™ LED technology. The technology deepens their product roadmap in the HVAC space and is currently undergoing testing and partnerships. The Interchangeable Drain Disinfecting Device is undergoing testing at Mt Sinai Hospital System in NYC.
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Nasdaq:AUVI
AUVI Rankings
AUVI Stock Data
1.37M
4.67M
1.53%
6.19%
1.93%
Furnishings, Fixtures & Appliances
Electric Lighting & Wiring Equipment
United States
MOUNT VERNON