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 surgical aesthetics and advanced energy technology company whose news flow centers on its Helium Plasma Platform Technology products, including Renuvion, the AYON Body Contouring System, and J-Plasma. Company press releases focus on developments in the cosmetic surgery market, the hospital surgical market, and OEM relationships with other medical device manufacturers.
Investors and observers following APYX news will see regular updates on financial performance, such as quarterly and annual revenue results, preliminary unaudited revenue ranges, and segment-level trends in Surgical Aesthetics and OEM revenue. The company also issues guidance updates and discusses factors influencing its revenue mix, including the commercial rollout of AYON and demand for single-use handpieces and generators.
Another key category of Apyx Medical news involves product and regulatory milestones. Recent announcements describe FDA 510(k) clearances and submissions related to the AYON Body Contouring System, as well as international regulatory approvals like the Ministry of Food and Drug Safety clearance in South Korea for the Apyx One console and single-use handpieces. These items highlight how the company is expanding the indications and geographic reach of its platforms.
APYX news also covers capital markets and corporate actions, including proposed and completed public offerings of common stock under an effective Form S-3 shelf registration statement, as reported in 8-K filings and related press releases. Additional items include notices of investor conference participation, inducement equity awards under Nasdaq Listing Rule 5635(c)(4), and information about annual stockholder meetings and governance matters.
This news page aggregates these disclosures so readers can review Apyx Medical’s earnings releases, product launch updates, regulatory submissions, financing transactions, and investor events in one place.
Apyx Medical (NASDAQ:APYX) has submitted a 510(k) premarket notification to the FDA for its AYON Body Contouring System, nearly 90 days ahead of schedule. The system is designed as an all-in-one platform for surgical body contouring procedures.
The initial submission includes multiple functionalities: infiltration, dual aspiration for simultaneous users, ultrasound-assisted liposuction, electrocoagulation for excess tissue removal, volume enhancement capabilities, and Renuvion treatment for loose and lax skin. The company plans to expand AYON's indications with an additional 510(k) submission later this year to include power-assisted liposuction.
Apyx Medical (NASDAQ:APYX) announced its participation in the Piper Sandler 36th Annual Healthcare Conference on December 4, 2024, in New York. President and CEO Charlie Goodwin and CFO Matt Hill will conduct a fireside chat at 4:00pm ET and meet with investors throughout the day. The chat will be available via live webcast and replay on the company's investor relations website.
Apyx Medical specializes in advanced energy technology, particularly its Helium Plasma Platform Technology marketed as Renuvion® for cosmetic surgery and J-Plasma® for hospital surgical markets. These products provide controlled heat delivery to tissue, supported by over 90 clinical documents.
Apyx Medical (NASDAQ:APYX) announced that President and CEO Charles Goodwin and CFO Matt Hill will attend the 15th Annual Craig-Hallum Alpha Select Conference. The event will take place on November 19, 2024, at the Sheraton NY Times Square Hotel in New York, NY, featuring 1x1 meetings format.
Apyx Medical is an advanced energy technology company specializing in Helium Plasma Platform Technology products, marketed as Renuvion in cosmetic surgery and J-Plasma in hospital surgical markets. Their technology provides surgeons with controlled heat tissue treatment capabilities, supported by over 90 clinical documents.
Apyx Medical (NASDAQ:APYX) has secured a $7 million registered direct offering through a definitive purchase agreement with Nantahala Capital. The offering includes 3,000,000 shares of common stock at $1.18 per share and pre-funded warrants for up to 2,934,690 shares at $1.179 per warrant. The purchase price was calculated using the average closing price over five trading days prior to November 7, 2024. The company plans to use the proceeds for working capital and general corporate purposes. The offering closed on November 8, 2024, with no placement agent involved.
Apyx Medical reported Q3 2024 financial results with total revenue of $11.5 million, down 4% year-over-year. The company's Advanced Energy segment decreased 6% to $9.3 million, while OEM revenue increased 3% to $2.2 million. Despite overall decline, single-use handpiece revenue grew 9% overall and 15% in the U.S. The company secured $7.0 million through a registered direct offering and implemented cost-saving measures, including a 25% reduction in U.S. workforce expected to save $4.3 million annually. Updated 2024 guidance projects total revenue of $46.6-47.6 million, representing a 9-11% decrease from 2023, with net loss expected at approximately $25.0 million.
Apyx Medical (NASDAQ:APYX) announced it will release its third quarter fiscal year 2024 financial results before market opening on November 8th, 2024. The company will host a conference call at 8:00 a.m. Eastern Time on the same day, featuring a management discussion and Q&A session. The call will be accessible via phone (877-407-9039 for domestic, 201-689-8470 for international callers) with access code 13749764, and through a live webcast on the company's Investor Relations website.
Apyx Medical (NASDAQ: APYX) announced that Renuvion has been named the #1 trusted body contouring technology by doctors in an independent survey. This recognition highlights Renuvion's effectiveness in targeting loose skin for body contouring procedures. Key points include:
- Renuvion is the first and only technology targeting loose skin from the inside out
- 4 out of 5 surgeons prefer Renuvion over other treatments following liposuction
- Over 350,000 patients have been treated with Renuvion
- Apyx Medical has secured four FDA 510(k) clearances in the past two years
- Renuvion is the only FDA-cleared device for contracting subcutaneous tissue and for use after liposuction
This recognition underscores Apyx Medical's commitment to providing evidence-based outcomes through advanced technology in plastic surgery.
Apyx Medical (NASDAQ:APYX) announced the publication of a peer-reviewed study in Plastic and Reconstructive Surgery—Global Open comparing their Renuvion Helium Plasma Technology to InMode's Bipolar RF System following liposuction or body contouring procedures. The study, involving over 450 patients, found that Renuvion exhibited statistically significant fewer adverse events (p-value <0.0001) compared to Bipolar RF.
Key findings include:
- 45 adverse events in 34 Renuvion patients vs. 93 in 62 Bipolar RF patients
- 28 procedure-related events with Renuvion vs. 69 with Bipolar RF
- Significantly fewer burns, hematomas, hypertrophic scars, and seromas with Renuvion
Researchers concluded that Renuvion may offer a safer alternative with shorter procedural times and higher patient satisfaction rates.
Apyx Medical (NASDAQ: APYX) reported its Q2 2024 financial results and updated its FY 2024 outlook. Total Q2 revenue was $12.1 million, down 10% year-over-year. Advanced Energy revenue decreased by 17% to $9.8 million, while OEM revenue increased by 29% to $2.4 million. Net loss attributable to stockholders rose to $6.6 million, a 560% increase year-over-year, partly due to a $2.7 million gain on a prior year's sale-leaseback. Adjusted EBITDA loss increased to $4.3 million.
The company highlighted continued challenges in the cosmetic surgery market affecting Advanced Energy sales but noted a 20% growth in handpiece sales globally. For FY 2024, Apyx revised its guidance, expecting total revenue between $50.6 million and $52.1 million, reflecting a 0-3% decrease. Net loss guidance is adjusted to $23.5-$24.5 million. The company remains focused on promoting its Renuvion technology and managing operating expenses.
Apyx Medical (NASDAQ:APYX), the manufacturer of Renuvion®, a proprietary helium plasma and radiofrequency platform technology, has announced that it will release its second quarter fiscal year 2024 financial results on August 8, 2024, after market close. The company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results and conduct a Q&A session.
Interested parties can dial 888-645-4404 (or 862-298-0702 for international callers) with access code 13747529 to join the call. A live webcast will also be available via the company's Investor Relations website. A telephonic replay will be accessible for two weeks following the call.