Apyx Medical Corporation, an energy technology company, designs, develops, manufactures, and sells electrosurgical equipment and medical devices in the United States and ...
Apyx Medical Corporation, formerly Bovie Medical Corporation, is an advanced energy technology company headquartered in Clearwater, Florida. Incorporated in 1982, the company specializes in the development and commercialization of innovative electrosurgical products. It operates through two segments: Surgical Aesthetics and Original Equipment Manufacturing (OEM). The Surgical Aesthetics segment offers helium plasma generators and single-use handpieces for cutting, coagulating, and ablating soft tissue, marketed under the Renuvion® brand for cosmetic procedures and J-Plasma® for hospital surgeries. The company recently launched the AYON Body Contouring System™, which received FDA clearance and is being commercially launched in 2025. The OEM segment develops and manufactures electrosurgical generators and accessories for other medical device companies. Apyx Medical has a global presence, with sales in the U.S. and internationally. Financially, the company has faced challenges, with negative net income and operating cash flow in recent periods, but maintains a strong balance sheet with a current ratio of 5.68 and no dividend payments. The company is led by CEO Charles D. Goodwin, who has over 25 years of experience. Recent strategic hires support the AYON launch and global expansion. As of the latest data, the company has a market capitalization of approximately $145 million, with revenue per share of $1.385 and a negative price-to-earnings ratio. The company's commitment to innovation is evidenced by its R&D spending (5.7% of revenue) and a focus on expanding indications for its products. With a team of 205 employees, Apyx Medical aims to elevate people's lives through its energy-based solutions in the medical aesthetics and surgical fields.
Apyx SY Medical Devices (Ningbo) Co., Ltd.Unnamed sole-source semiconductor & electronic component suppliersUnnamed helium gas suppliers (likely Air Products & Chemicals or Linde)UnconfirmedUnnamed plastics & medical-grade raw material suppliersAir Products & Chemicals, Inc.NYSE:APDLinde plcNYSE:LIN
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