AYON Reports Q4 Revenue of $19.16M Exceeding Expectations
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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- Award Recognition: Renuvion has been named the 'Best Minimally Invasive Skin Tightener' for the second consecutive year, reflecting its leadership in surgical aesthetics and enhancing trust among physicians and patients, thereby boosting brand recognition in the market.
- Technological Edge: As the only FDA-cleared device for use after liposuction, Renuvion, combined with the AYON platform, improves physician workflow efficiency and treatment customization, further expanding the company's market share in body contouring.
- Industry Trust: A 2024 Wakefield Research survey indicates that 80% of surgeons consider Renuvion the most trusted body contouring technology, a statistic that not only enhances product competitiveness but also lays a foundation for future sales growth.
- Innovation Commitment: Apyx Medical is dedicated to improving patients' lives through its Helium Plasma Platform Technology, with over 90 clinical publications supporting the effectiveness of Renuvion and J-Plasma, further solidifying its leadership position in the cosmetic surgery market.
- Award Recognition: Renuvion has been named the 'Best Minimally Invasive Skin Tightener' for the second consecutive year, reflecting its leadership in surgical aesthetics and enhancing the company's brand influence in the market.
- High Trust Among Surgeons: A 2024 Wakefield Research survey indicates that 80% of surgeons consider Renuvion the most trusted body contouring technology, which not only boosts physician confidence but also increases patient acceptance.
- Technological Innovation: Renuvion is the only FDA-cleared device for use after liposuction, and its integration with the AYON platform enhances procedural efficiency and treatment diversity, driving advancements in minimally invasive surgeries.
- Strong Market Potential: Apyx Medical showcases its competitive strength in the cosmetic surgery market through innovative products like Renuvion and J-Plasma, supported by over 90 clinical publications, which is expected to attract more medical institutions' attention and collaboration.
- 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.
- 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.
- 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.
- 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.









