Bovie Medical (BVX) Misses Q1 EPS by 1c, Beats on Revenues; Offers FY18 Revenue Outlook

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Bovie Medical Corporation Reports First Quarter 2018 Financial Results; Reaffirms Fiscal Year 2018 Financial Outlook

May 14, 2018 4:05 PM EDT

Advanced Energy Sales of $2.6 million in Q1, up 333% year-over-year

CLEARWATER, Fla.--(BUSINESS WIRE)-- Bovie Medical Corporation (NYSEMKT: BVX) (the Company), a maker of medical devices and supplies and the developer of J-Plasma®, a patented surgical product marketed and sold under the Renuvion Cosmetic Technology brand in the cosmetic surgery market, today reported financial results for its first quarter ended March 31, 2018.

First Quarter 2018 Financial Summary:

Total Q1 revenue of approximately $9.9 million, up 18% year-over-year. Advanced Energy revenue of $2.6 million, up 333% year-over-year, driven by strong J-Plasma/Renuvion sales.... More