Apyx Medical sees Q4 revenue $14.2M-$14.6M , consensus $15.58M

“In the fourth quarter, we delivered double-digit sales growth in our Advanced Energy segment on a year-over-year and more than 20% growth on quarter-over-quarter basis,” said Charlie Goodwin, President and Chief Executive Officer. “Our Advanced Energy sales performance was softer than expected, as the capital equipment purchasing environment in the cosmetic surgery market ultimately proved to be more challenging than anticipated. Specifically, while our pipeline of potential new customers in the U.S. remained robust throughout the fourth quarter, we saw fewer-than-expected sales of our Advanced Energy generators to new U.S. customers, with more prospective customers taking a ‘wait-and-see’ approach to capital equipment purchasing, given concerns about the broader macroeconomic environment. While new generator adoption was slower-than-expected, we remain pleased with the strong feedback we continued to receive from our existing customers and the results they are achieving with our Renuvion technology.”