Apyx Medical Corporation reports news on its surgical aesthetics medical-device business, including products marketed as Renuvion, the AYON Body Contouring System, and J-Plasma. Updates commonly cover FDA 510(k) clearances, body contouring capabilities, controlled-heat tissue applications, commercial activity in cosmetic surgery and hospital surgical markets, and OEM agreements with other medical device manufacturers.
The company’s recurring financial releases discuss revenue by its Surgical Aesthetics and Original Equipment Manufacturing segments, product demand for generators and single-use handpieces, U.S. and international sales trends, and management conference participation.
Apyx Medical (NASDAQ: APYX) has launched the 'Renewing Lives' campaign, a nationwide initiative offering Renuvion treatments to individuals who would benefit from this advanced medical technology but may not have access to it. Renuvion is unique as the only FDA-cleared device for contracting subcutaneous tissue, targeting loose skin to improve physical appearance and potentially mental health.
Through this campaign, for every Renuvion procedure performed in the U.S., Apyx Medical will make donations to fund treatments for those in need. This program aims to enhance confidence and overall well-being. Interested individuals can submit their personal stories to potentially receive treatment and be featured in Apyx Medical's 'Real Patients. Real Results' campaign. For more information and to participate, visit www.Renuvion.com/RenewingLives.
Apyx Medical reported their first-quarter 2024 financial results with total revenue of $10.2 million, a 16% decrease year-over-year. The company reaffirmed its full-year 2024 financial outlook. The Advanced Energy segment revenue decreased by 23% while OEM segment revenue increased by 14%. Net loss attributable to stockholders increased by 118% year-over-year. The company announced various developments post quarter-end, including new data and treatment insights showcased at the Renuvion Users' Summit. Management reaffirmed the 2024 financial guidance, focusing on leveraging new clinical indications and products to drive market awareness.
Apyx Medical announced the retirement of Andrew Makrides as Chairman of the Board, who served the company since 1982, and the appointment of Stavros Vizirgianakis as the new Chairman. Makrides contributed to the company's growth over the years, while Vizirgianakis brings extensive medical device industry experience to the role.
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