Apyx Medical Corp APYX

Healthcare SIC 3841 - Surgical & Medical Instruments & Apparatus NAICS Manufacturing › Miscellaneous Manufacturing › Medical Equipment and Supplies Manufacturing › Surgical and Medical Instrument Manufacturing derived Nasdaq

Apyx Medical Corporation ("Company", "Apyx Medical", "we", "us", or "our") was incorporated in 1982, under the laws of the State of Delaware and has its principal executive office at 5115 Ulmerton Road, Clearwater, FL 33760.

We are a surgical aesthetics company with a passion for elevating people's lives through innovative products, including its Helium Plasma Platform Technology products marketed and sold as Renuvion® and the AYON Body Contouring SystemTM ("AYON") in the cosmetic surgery market and J-Plasma® in the hospital surgical market. Renuvion and J-Plasma offer surgeons a unique ability to provide controlled heat to tissue to achieve their desired results. AYON is an FDA-cleared, surgeon-designed body contouring system that combines precision, versatility, and innovation in an all-in-one platform. It seamlessly integrates fat removal, closed loop contouring, and Renuvion's tissue contraction and electrosurgical capabilities, empowering surgeons to deliver comprehensive body contouring treatments for patients. We also leverage our deep expertise and decades of experience in unique waveforms through OEM agreements with other medical device manufacturers.

Last close 2.37 2026-10-23
Market cap $99.8M 2026-06-30 share count
52-week range 2.25 - 5.08

Valuation FY2025 figures against the last close

P/S1.9x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Non-US
Revenue by geography, 2 categories over 2 years. The same figures are in the table below. FY2025 United States, FY2025: 38.8M (73.4%) 73% United States Non-US, FY2025: 14M (26.6%) 27% Non-US FY2024 United States, FY2024: 34M (70.7%) 71% Non-US, FY2024: 14.1M (29.3%) 29%
Region FY2025FY2024
United States $38.8M $34.0M
Non-US $14.0M $14.1M

As the company reported it, from the “Note 19 - Geographic and Segment Information - Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $52.8M$48.1M$52.3M$44.5M$48.5M$27.7M$28.2M$16.6M$10.2M$8.8M
Cost of revenue $19.8M$18.7M$18.6M$15.4M$14.9M$10.2M$9.1M$5.8M$3.3M$3.7M
Gross profit $33.0M$29.4M$33.8M$29.1M$33.6M$17.5M$19.1M$10.8M$7.0M$5.1M
R&D $3.4M$5.1M$5.4M$4.5M$4.3M$3.9M$3.7M$2.5M$1.9M$1.0M
SG&A $15.8M$18.9M$22.2M$20.5M$18.6M$11.7M$13.7M$9.4M$8.7M$6.2M
Total operating expenses $39.5M$48.2M$53.7M$52.7M$48.0M$37.6M$40.0M$25.1M$20.8M$16.5M
Operating income -$6.4M-$18.8M-$17.3M-$23.6M-$14.4M-$20.1M-$20.9M-$14.3M-$13.9M-$11.4M
Interest expense $5.6M$5.9M$2.5M$15.0K$10.0K$46.0K$8.0K$104.0K$136.0K$158.0K
Pre-tax income -$10.8M-$23.3M-$21.3M-$22.9M-$14.8M-$19.4M-$19.8M-$14.7M-$13.8M-$11.5M
Income tax $270.0K$252.0K$2.4M$367.0K$380.0K$7.5M$130.0K$3.9M$156.0K$64.0K
Net income -$11.2M-$23.5M-$18.7M-$23.2M-$15.2M-$11.9M-$19.7M$62.7M-$5.1M-$11.6M
EPS, basic -0.27-0.66-0.54-0.67-0.44-0.35-0.581.89-0.16-0.14
EPS, diluted ——-0.54-0.67-0.44-0.35-0.581.83-0.17-0.15
Shares, diluted (wtd. avg.) 41.1M35.5M34.6M34.5M34.3M34.2M34.1M34.4M31.4M27.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $31.7M$31.7M$43.7M$10.2M$30.9M$41.9M$58.8M$16.6M$10.7M$15.2M
Short-term investments —————$39.7M$56.6M$55.5M$0—
Receivables $16.8M$15.5M$14.0M$10.6M$13.0M$8.4M$8.0M$4.1M$4.9M$4.7M
Inventory $8.6M$7.6M$9.9M$11.8M$6.8M$4.1M$5.1M$6.0M$4.3M$6.2M
Total current assets $58.5M$56.4M$70.4M$43.0M$60.7M$66.1M$76.7M$106.9M$22.5M$26.5M
Property, plant and equipment $2.4M$2.0M$1.9M$6.8M$6.6M$6.5M$6.6M$5.8M$6.0M$6.4M
Goodwill ———————$185.0K$185.0K$185.0K
Other intangibles ———————$6.0K$67.0K$215.0K
Total assets $66.8M$64.8M$79.2M$51.8M$68.7M$74.1M$84.7M$113.2M$31.0M$35.1M
Accounts payable $3.1M$2.6M$2.7M$2.7M$2.6M$1.5M$2.4M$2.3M$1.6M$1.6M
Short-term debt ———————$0$239.0K$239.0K
Total current liabilities $11.7M$10.7M$12.7M$11.8M$13.2M$9.2M$12.3M$22.4M$6.0M$5.3M
Long-term debt $34.8M$33.9M$33.2M$0———$0$2.5M$2.7M
Total liabilities $52.0M$50.5M$52.3M$14.0M$14.7M$10.3M$13.5M$22.6M$9.0M$8.9M
Retained earnings -$89.1M-$77.9M-$54.4M-$35.7M-$12.6M$2.6M$14.5M$38.8M-$28.5M-$23.4M
Total equity $14.5M$14.2M$26.9M$37.8M$54.0M$63.9M$71.3M$87.2M$22.0M$26.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$8.0M-$18.0M-$5.2M-$20.3M-$10.4M-$16.1M-$18.5M-$20.9M-$3.7M-$2.8M
Depreciation and amortisation $655.0K$599.0K$692.0K$890.0K$903.0K$887.0K$754.0K$669.0K$696.0K$734.0K
Stock-based compensation $2.0M$4.0M$5.1M$6.7M$5.1M$4.2M$3.6M$2.2M$871.0K$809.0K
Capital expenditure $1.1M$722.0K$533.0K$1.0M$723.0K$581.0K$1.3M$363.0K$624.0K$286.0K
Investing cash flow -$1.1M-$722.0K$6.7M-$1.0M-$723.0K-$581.0K$60.5M$29.3M-$624.0K-$286.0K
Financing cash flow $9.6M$6.7M$32.2M$217.0K$24.0K-$73.0K$147.0K-$2.5M-$239.0K$5.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-021840.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -25M 0 25M 50M 75M Revenue, FY2016: 8.8M Gross profit, FY2016: 5.1M Net income, FY2016: -11.6M Revenue, FY2017: 10.2M Gross profit, FY2017: 7M Net income, FY2017: -5.1M Revenue, FY2018: 16.6M Gross profit, FY2018: 10.8M Net income, FY2018: 62.7M Revenue, FY2019: 28.2M Gross profit, FY2019: 19.1M Net income, FY2019: -19.7M Revenue, FY2020: 27.7M Gross profit, FY2020: 17.5M Net income, FY2020: -11.9M Revenue, FY2021: 48.5M Gross profit, FY2021: 33.6M Net income, FY2021: -15.2M Revenue, FY2022: 44.5M Gross profit, FY2022: 29.1M Net income, FY2022: -23.2M Revenue, FY2023: 52.3M Gross profit, FY2023: 33.8M Net income, FY2023: -18.7M Revenue, FY2024: 48.1M Gross profit, FY2024: 29.4M Net income, FY2024: -23.5M Revenue, FY2025: 52.8M Gross profit, FY2025: 33M Net income, FY2025: -11.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $8.8M $10.2M $16.6M $28.2M $27.7M $48.5M $44.5M $52.3M $48.1M $52.8M
Gross profit $5.1M $7.0M $10.8M $19.1M $17.5M $33.6M $29.1M $33.8M $29.4M $33.0M
Net income -$11.6M -$5.1M $62.7M -$19.7M -$11.9M -$15.2M -$23.2M -$18.7M -$23.5M -$11.2M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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