Apyx Medical First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Apyx Medical (NASDAQ:APYX) First Quarter 2024 Results

Key Financial Results

• Revenue: US$10.2m (down 16% from 1Q 2023).
• Net loss: US$7.58m (loss widened by 118% from 1Q 2023).
• US$0.22 loss per share (further deteriorated from US$0.10 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Apyx Medical Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are up 6.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Apyx Medical that you should be aware of.

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