Apyx Medical Corporation Reports First Quarter 2021 Financial Results and Updates Full Year 2021 Outlook

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Go back to Apyx Medical Corporation Reports First Quarter 2021 Financial Results and Updates Full Year 2021 Outlook

Apyx Medical Corp. (APYX) Reports In-Line Q1 EPS, Revenues Beat; Offers 2Q Revenues Outlook

May 12, 2021 7:13 AM EDT

Apyx Medical Corp. (NASDAQ: APYX) reported Q1 EPS of ($0.14), in-line with the analyst estimate of ($0.14). Revenue for the quarter came in at $8.6 million versus the consensus estimate of $7.84 million.

First Quarter 2021 Financial Summary:

Total revenue of $8.6 million, up 72.9% year-over-year.Advanced Energy revenue of $7.7 million, up 92.2% year-over-year.OEM revenue of $1.0 million, down 3.3% year-over-year.Net loss of $4.9 million, compared to net loss of $2.0 million for the first quarter of 2020. Net loss in the first quarter of 2020 included an income tax benefit of $4.9 million.Adjusted EBITDA... More