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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Applied UV's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Applied UV's position in the market.
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
-9.71%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-19.41%
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Rhea-AI Summary
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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End-of-Day
-5.41%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-3.33%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-40.78%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20%
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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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End-of-Day
-1.2%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.55%
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Applied UV, Inc.
Nasdaq:AUVI
AUVI Rankings
AUVI Stock Data
2.79M
4.23M
2.23%
0.08%
3.66%
Furnishings, Fixtures & Appliances
Consumer Cyclical
United States of America
MOUNT VERNON
About AUVI
applied uv, inc. engages in the design, manufacture, assembly, and distribution of automated disinfecting mirror systems for use in hospitals and other healthcare facilities. the company also manufactures and supplies custom designed decorative framed mirrors, framed arts, and bathroom vanities primarily to the hospitality market. it has operations in the united states and internationally. applied uv, inc. was founded in 2012 and is headquartered in mount vernon, new york.