Apyx Medical Corporation Stock Price, News & Analysis

Apyx Medical Corporation (NASDAQ:APYX) has received 510(k) clearance from the U.S. FDA for its Renuvion APR Handpiece. This device is approved for delivering radiofrequency energy and/or helium plasma for soft tissue coagulation and contraction, specifically subcutaneous tissue. CEO Charlie Goodwin emphasized this clearance underscores Renuvion's safety and effectiveness. Apyx is currently seeking an additional indication for use following liposuction, which remains under FDA review. The company specializes in advanced energy technology, aiming to elevate patient outcomes in cosmetic and surgical markets.

Apyx Medical Corporation has secured a new five-year credit facility worth up to $35 million from MidCap Financial. This facility includes senior secured term loans of up to $25 million and a revolving credit line of up to $10 million. The agreement provides about $8 million in net proceeds at closing, expected cash tax refunds of at least $7.5 million, and aims to enhance financial flexibility and support strategic growth initiatives. The loan terms require meeting specific revenue thresholds by December 2023 and September 2024.

Apyx Medical Corporation (NASDAQ: APYX) announced it will release its financial results for Q4 and fiscal year 2022 before the market opens on March 16th. Management will hold a conference call at 8:00 a.m. ET that same day to discuss these results and answer questions. Interested parties can access the call by dialing 877-407-8289 (international: 201-689-8341) using access code 13736530. The call will also be available via a live webcast. Apyx Medical specializes in advanced energy technology, particularly in helium plasma products marketed as Renuvion and J-Plasma for cosmetic and surgical applications.

Apyx Medical Corporation (NASDAQ:APYX) announced that its Renuvion neck laxity procedure will be featured on 'The Balancing Act' talk show on Lifetime on February 13, 2023, at 7:30 am ET/PT. The segment will showcase a minimally invasive neck procedure performed by Dr. Charles J. Galanis, highlighting its effectiveness in reducing sagging skin. Renuvion is the only FDA-cleared product for addressing neck and chin skin laxity, offering patients minimal downtime and cost-effectiveness. The segment will also re-run on February 21, 2023, with additional broadcasts throughout the year.

Apyx Medical Corporation (NASDAQ:APYX) has submitted a 510(k) premarket notification to the U.S. FDA for its Renuvion APR Handpiece, aiming to expand its use for coagulating subcutaneous soft tissues after liposuction. Supported by a clinical study and extensive evidence, the submission indicates that no new risks are associated with Renuvion when used post-liposuction. CEO Charlie Goodwin expressed optimism about receiving the FDA clearance, which may alleviate existing limitations outlined in the Medical Device Safety Communication.

Apyx Medical Corporation (NASDAQ: APYX) has launched the Apyx One Console, an advanced energy system now available to U.S. medical professionals. This multi-functional generator integrates Renuvion technology with monopolar and bipolar energy capabilities. Key features include adaptive touch screens, cloud connectivity, and a four-year warranty. Designed in collaboration with leading physicians, the Apyx One Console aims to enhance user experience and provides an upgrade option for existing customers. This product reinforces Apyx's commitment to innovation in the cosmetic surgery market.

Apyx Medical Corporation (NASDAQ:APYX) reported preliminary revenue results for Q4 and full year 2022, revealing a total revenue range of $12.1 to $12.5 million for Q4, a decline of 28% to 26% year-over-year. For the full year, revenue ranged from $44.0 to $44.4 million, declining by 9% to 8% year-over-year. The Advanced Energy segment showed significant declines of 33% to 30% in Q4 and 15% to 14% for the full year, while OEM revenue grew 12% in Q4 and 37% for the year. Despite challenges, the company plans for over 35% growth in 2023 driven by regulatory objectives.

Apyx Medical Corporation (NASDAQ: APYX) announces the launch of its inaugural direct-to-consumer campaign, #ThisIsMe, aimed at promoting its Renuvion technology for minimally invasive procedures. The campaign features national digital advertising and social media initiatives targeting consumers seeking aesthetic improvements. This campaign follows recent FDA clearances for Renuvion, specifically for treating loose skin on the chin and neck. The marketing efforts are designed to enhance brand awareness and highlight the technology's unique benefits, positioning Renuvion as a leader in cosmetic procedures.

Apyx Medical Corporation (NASDAQ:APYX) announced its participation in the Piper Sandler 34th Annual Healthcare Conference on November 30 at 11:00 a.m. ET, held at the Lotte New York Palace. Management will engage in a fireside chat, accessible via a live audio webcast on the Company's investor relations website.

Apyx Medical specializes in advanced energy technologies, notably its Helium Plasma Technology branded as Renuvion® for cosmetic and J-Plasma® for surgical markets, offering innovative solutions for tissue management.