AYON Reports Q4 Revenue of $19.16M Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
0mins
Should l Buy APYX?
Reports Q4 revenue $19.16M, consensus $19.12M. "We are making steady progress scaling the U.S. commercial program for AYON following its official launch in September 2025, with early customer interest and order activity continuing to exceed our internal expectations. This momentum contributed to more than 38% growth in our Surgical Aesthetics segment, including a nearly 50% increase in the U.S. market," said Charlie Goodwin, President and Chief Executive Officer. "AYON's all-in-one platform, which integrates multiple advanced modalities to support fat removal, tissue contraction, and a broad range of contouring and aesthetic procedures, continues to generate tremendous feedback from plastic and cosmetic surgeons as we expand our installed base. While significant progress has been made in a relatively short period of time, we believe this commercial opportunity is still in its very early stage. As awareness of AYON increases, we expect demand to accelerate and scale meaningfully. This is an exciting time for the Company, and our team, which is led by our recently appointed head of U.S. sales John Featherstone, is well positioned to support this growth."
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Analyst Views on APYX
Wall Street analysts forecast APYX stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.940
Low
6.00
Averages
7.00
High
8.00
Current: 3.940
Low
6.00
Averages
7.00
High
8.00
About APYX
Apyx Medical, Inc., formerly Apyx Medical Corporation, is a surgical aesthetics company. Its segments include Advanced Energy and Original Equipment Manufacturer (OEM). The Advanced Energy segment’s product portfolio consists of its Helium Plasma Technology that is marketed and sold as Renuvion in the cosmetic surgery market and J-Plasma in the hospital surgical market. It focuses on the cosmetic surgery market, where Renuvion offers plastic surgeons, facial plastic surgeons and cosmetic physicians the ability to provide controlled heat to the tissue to achieve their desired results. These product lines consist of a multifunction generator, a handpiece and a supply of helium gas. Through OEM agreements, the OEM segment, designs, develops and manufactures electrosurgical equipment and medical devices by producing generators, medical devices and related accessories for medical device manufacturers as well as start-up businesses in need of its energy-based designs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apyx Medical Reports Narrower Loss and Revenue Growth
- Improved Financial Performance: Apyx Medical reported a narrower net loss of $1.29 million in Q4 2025, translating to a loss of $0.03 per share, a significant improvement from $4.63 million and $0.12 per share in the previous year, indicating enhanced financial health.
- Significant Revenue Growth: Total revenue surged 34.7% to $19.16 million, primarily driven by a 36% increase in surgical aesthetics sales, particularly bolstered by the strong performance of the AYON product since its commercial launch in September 2025, which further propelled overall results.
- Optimistic 2026 Outlook: The company raised its 2026 revenue guidance to between $57.5 million and $58.5 million, reflecting an 8% to 10% increase from $52.8 million in 2025, showcasing confidence in future market demand.
- Strong Cash Position: As of December 31, 2025, Apyx Medical had cash and cash equivalents of $31.74 million, and with stringent cost controls and effective working capital management, the company expects its cash runway to extend through 2027, enhancing financial stability.
See More
Apyx Medical Reports Q4 2025 Earnings Highlights
- Significant Revenue Growth: Apyx Medical reported a revenue of $19.2 million for Q4 2025, a 35% increase from $14.2 million in Q4 2024, indicating strong performance amid robust market demand.
- Strong Surgical Aesthetics Performance: The surgical aesthetics segment generated $16.7 million, reflecting a 38% year-over-year increase, primarily driven by the successful launch of the Aon body contouring system, showcasing the company's competitive edge in this market.
- Reduced Net Loss: Despite revenue growth, Apyx reported a net loss of $1.3 million for Q4, significantly improved from a loss of $4.6 million in the same quarter last year, highlighting effective cost control and operational efficiency.
- Optimistic 2026 Outlook: The company anticipates total revenue guidance of $57.5 million to $58.5 million for 2026, representing a 9% to 11% increase from 2025, with the surgical aesthetics segment expected to grow by 17% to 19%, reflecting confidence in future growth prospects.
See More
Apyx Medical Reports Record Q4 2025 Revenue Driven by AYON Launch
- Record Revenue: Apyx Medical reported a record revenue of $19.2 million for Q4 2025, a 35% increase year-over-year, with surgical aesthetics product sales rising 38% to $16.7 million, primarily driven by the successful launch of the AYON body contouring system, indicating strong performance in the rapidly growing surgical aesthetics market.
- AYON System Innovation: The AYON system integrates fat removal, closed-loop contouring, tissue contraction, and electrosurgical capabilities, designed to address many challenges of existing systems, and is expected to further solidify its position as the first fully integrated body contouring system, with a 510(k) application for expanded functionality anticipated.
- Optimistic Market Outlook: The company expects total revenue for fiscal year 2026 to range between $57.5 million and $58.5 million, representing a 9% to 11% increase, with surgical aesthetics segment revenue guidance set at $53 million to $54 million, reflecting a continued focus and resource allocation to this segment.
- Cost Control and Cash Flow: Operating expenses remained flat at $12 million, while Apyx Medical achieved an adjusted EBITDA of $0.7 million, with cash and cash equivalents standing at $31.7 million, projected to last through 2027, indicating a commitment to maintaining financial health while actively positioning for future growth.
See More
Apyx Medical Q4 Earnings Beat Expectations
- Earnings Highlights: Apyx Medical reported a Q4 GAAP EPS of -$0.03, beating expectations by $0.03, indicating an improvement in the company's profitability.
- Revenue Growth: The company achieved Q4 revenue of $19.16 million, a 34.7% year-over-year increase, surpassing expectations by $0.04 million, reflecting the growing market acceptance of the AYON platform.
- EBITDA Improvement: Adjusted EBITDA was $0.7 million, a significant turnaround from a loss of $2.2 million in Q4 2024, showcasing the company's effective cost control and operational efficiency.
- Cash Flow Outlook: As of December 31, 2025, the company had cash and cash equivalents of $31.7 million, with management projecting positive cash flow through 2027 based on effective working capital management and strict cost controls.
See More
Apyx Medical Launches Apyx One Console in South Korea Following Regulatory Approval
- Market Entry: Apyx Medical Corporation has received regulatory approval from the Ministry of Food and Drug Safety in South Korea and plans to start shipping the Apyx One console and single-use handpieces in Q4 2025, marking a significant expansion in the global aesthetic surgery market.
- Technological Innovation: The Apyx One console features an advanced 3-in-1 energy system that enables plastic surgeons to utilize Renuvion technology, enhancing surgical flexibility and efficiency, which is expected to boost the company's competitiveness in the rapidly growing South Korean aesthetic market.
- Market Potential: The cosmetic surgery market in South Korea is projected to reach $1.7 billion in 2024 and exceed $3.9 billion by 2033, providing substantial market opportunities for Apyx Medical's products, particularly with the increasing demand for skin tightening solutions following significant weight loss.
- Strategic Positioning: Apyx Medical's CEO highlighted that entering South Korea, known as the cosmetic surgery capital of the world, will support the company's long-term growth strategy in the Asia-Pacific region, especially as the GLP-1 weight-loss drug market rapidly expands, attracting more patients seeking body contouring solutions.
See More
Apyx Medical Corporation Reveals $10 Million Public Offering of Common Stock Pricing
Public Offering Announcement: Apyx Medical Corporation has priced its underwritten public offering of 2,762,431 shares of common stock at $3.62 per share, with the offering expected to close on or about November 19, 2025.
Use of Proceeds: The company plans to use the net proceeds from the offering for working capital and general corporate purposes.
Underwriter Details: Lucid Capital Markets is the sole book-running manager for the offering, which includes a 45-day option for the underwriter to purchase an additional 414,365 shares.
Company Overview: Apyx Medical specializes in surgical aesthetics, offering innovative products like Renuvion and the AYON Body Contouring System, supported by extensive clinical documentation.
See More
Apyx Medical Reports Narrower Loss and Revenue Growth
- Improved Financial Performance: Apyx Medical reported a narrower net loss of $1.29 million in Q4 2025, translating to a loss of $0.03 per share, a significant improvement from $4.63 million and $0.12 per share in the previous year, indicating enhanced financial health.
- Significant Revenue Growth: Total revenue surged 34.7% to $19.16 million, primarily driven by a 36% increase in surgical aesthetics sales, particularly bolstered by the strong performance of the AYON product since its commercial launch in September 2025, which further propelled overall results.
- Optimistic 2026 Outlook: The company raised its 2026 revenue guidance to between $57.5 million and $58.5 million, reflecting an 8% to 10% increase from $52.8 million in 2025, showcasing confidence in future market demand.
- Strong Cash Position: As of December 31, 2025, Apyx Medical had cash and cash equivalents of $31.74 million, and with stringent cost controls and effective working capital management, the company expects its cash runway to extend through 2027, enhancing financial stability.
See More
Apyx Medical Reports Q4 2025 Earnings Highlights
- Significant Revenue Growth: Apyx Medical reported a revenue of $19.2 million for Q4 2025, a 35% increase from $14.2 million in Q4 2024, indicating strong performance amid robust market demand.
- Strong Surgical Aesthetics Performance: The surgical aesthetics segment generated $16.7 million, reflecting a 38% year-over-year increase, primarily driven by the successful launch of the Aon body contouring system, showcasing the company's competitive edge in this market.
- Reduced Net Loss: Despite revenue growth, Apyx reported a net loss of $1.3 million for Q4, significantly improved from a loss of $4.6 million in the same quarter last year, highlighting effective cost control and operational efficiency.
- Optimistic 2026 Outlook: The company anticipates total revenue guidance of $57.5 million to $58.5 million for 2026, representing a 9% to 11% increase from 2025, with the surgical aesthetics segment expected to grow by 17% to 19%, reflecting confidence in future growth prospects.
See More
Apyx Medical Reports Record Q4 2025 Revenue Driven by AYON Launch
- Record Revenue: Apyx Medical reported a record revenue of $19.2 million for Q4 2025, a 35% increase year-over-year, with surgical aesthetics product sales rising 38% to $16.7 million, primarily driven by the successful launch of the AYON body contouring system, indicating strong performance in the rapidly growing surgical aesthetics market.
- AYON System Innovation: The AYON system integrates fat removal, closed-loop contouring, tissue contraction, and electrosurgical capabilities, designed to address many challenges of existing systems, and is expected to further solidify its position as the first fully integrated body contouring system, with a 510(k) application for expanded functionality anticipated.
- Optimistic Market Outlook: The company expects total revenue for fiscal year 2026 to range between $57.5 million and $58.5 million, representing a 9% to 11% increase, with surgical aesthetics segment revenue guidance set at $53 million to $54 million, reflecting a continued focus and resource allocation to this segment.
- Cost Control and Cash Flow: Operating expenses remained flat at $12 million, while Apyx Medical achieved an adjusted EBITDA of $0.7 million, with cash and cash equivalents standing at $31.7 million, projected to last through 2027, indicating a commitment to maintaining financial health while actively positioning for future growth.
See More
Apyx Medical Q4 Earnings Beat Expectations
- Earnings Highlights: Apyx Medical reported a Q4 GAAP EPS of -$0.03, beating expectations by $0.03, indicating an improvement in the company's profitability.
- Revenue Growth: The company achieved Q4 revenue of $19.16 million, a 34.7% year-over-year increase, surpassing expectations by $0.04 million, reflecting the growing market acceptance of the AYON platform.
- EBITDA Improvement: Adjusted EBITDA was $0.7 million, a significant turnaround from a loss of $2.2 million in Q4 2024, showcasing the company's effective cost control and operational efficiency.
- Cash Flow Outlook: As of December 31, 2025, the company had cash and cash equivalents of $31.7 million, with management projecting positive cash flow through 2027 based on effective working capital management and strict cost controls.
See More
Apyx Medical Launches Apyx One Console in South Korea Following Regulatory Approval
- Market Entry: Apyx Medical Corporation has received regulatory approval from the Ministry of Food and Drug Safety in South Korea and plans to start shipping the Apyx One console and single-use handpieces in Q4 2025, marking a significant expansion in the global aesthetic surgery market.
- Technological Innovation: The Apyx One console features an advanced 3-in-1 energy system that enables plastic surgeons to utilize Renuvion technology, enhancing surgical flexibility and efficiency, which is expected to boost the company's competitiveness in the rapidly growing South Korean aesthetic market.
- Market Potential: The cosmetic surgery market in South Korea is projected to reach $1.7 billion in 2024 and exceed $3.9 billion by 2033, providing substantial market opportunities for Apyx Medical's products, particularly with the increasing demand for skin tightening solutions following significant weight loss.
- Strategic Positioning: Apyx Medical's CEO highlighted that entering South Korea, known as the cosmetic surgery capital of the world, will support the company's long-term growth strategy in the Asia-Pacific region, especially as the GLP-1 weight-loss drug market rapidly expands, attracting more patients seeking body contouring solutions.
See More
Apyx Medical Corporation Reveals $10 Million Public Offering of Common Stock Pricing
Public Offering Announcement: Apyx Medical Corporation has priced its underwritten public offering of 2,762,431 shares of common stock at $3.62 per share, with the offering expected to close on or about November 19, 2025.
Use of Proceeds: The company plans to use the net proceeds from the offering for working capital and general corporate purposes.
Underwriter Details: Lucid Capital Markets is the sole book-running manager for the offering, which includes a 45-day option for the underwriter to purchase an additional 414,365 shares.
Company Overview: Apyx Medical specializes in surgical aesthetics, offering innovative products like Renuvion and the AYON Body Contouring System, supported by extensive clinical documentation.
See More
