Apyx Medical Corporation

Apyx Medical Corporation

APYXยทNASDAQ

$3.79

-0.26%
HealthcareMedical - Devices

Apyx Medical Corporation, an energy technology company, develops, manufactures, and sells medical devices in the cosmetic and surgical markets worldwide. The company operates in two segments, Advanced Energy and Original Equipment Manufacturing (OEM). It offers Helium Plasma Generator for delivery of RF energy and helium to cut, coagulate and ablate soft tissue during open and laparoscopic surgical procedures. The company offers Renuvion branded products for the cosmetic surgery market that enable plastic surgeons, fascial plastic surgeons, and cosmetic physicians to provide controlled heat to the tissue to achieve their desired results; and J-Plasma branded products for the hospital surgical market. It also develops, manufactures, and sells disposable hand pieces, and OEM generators and accessories. The company was formerly known as Bovie Medical Corporation and changed its name to Apyx Medical Corporation in January 2019. Apyx Medical Corporation was incorporated in 1982 and is based in Clearwater, Florida.

At a Glance

Live Snapshot
Market Cap$158.70M
EPS-0.2700
P/E Ratio-14.04
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -14.0).

Valuation inputs: P/E -14.0, earnings yield N/A, momentum -0.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -77.1%, ROIC -11.6%).

Profitability stack: net margin -21.2%, ROE -77.1%, ROIC -11.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +77.8%, momentum -0.3%, net margin -21.2%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

apyx

Apyx Medical Corporation Market vs Earnings Trajectory

APYX ยท NASDAQ

Loading price and EPS data...

Apyx Medical Corporation

Apyx Medical Corporation Fair Value Envelope

APYX ยท NASDAQ

Our analysis suggests that APYX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.79, this represents a potential HIDDEN relative to our calculated worth for Apyx Medical Corporation.

Intrinsic Value
Current Price: $3.79
3Y-60.0%
5Y-23.0%
10Y+93.0%
3Y+19.0%
5Y+91.0%
10Y+44.0%
3Y-52.0%
5Y-6.0%
10Y+184.0%
3Y-61.0%
5Y-50.0%
10Y+182.0%
3Y-57.0%
5Y-45.0%
10Y+192.0%
3Y+29.0%
5Y-10.0%
10Y+90.0%
Apyx Medical Corporation

Apyx Medical Corporation Profit Bridge

APYX ยท NASDAQ
Revenue52.84M
Cost of Goods Sold (33.81M)
Gross Profit19.03M
Operating Expenses (25.48M)
Operating Income-6.45M
Interest Expense (5.59M)
Other Income/Expense-4.39M
Pretax Income-10.84M
Income Tax (270.00K)
Net Income-11.21M
Net Income
-11.21M

Profitability Analysis

Gross Margin

36.0%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-12.2%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-21.2%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

36.02%
Gross Profit Margin
-41%
3Y-45.0%
5Y-43.0%
10Y-26.0%
-12.20%
Operating Profit Margin
-69%
3Y-77.0%
5Y-83.0%
10Y+18.0%
-21.22%
Net Profit Margin
-57%
3Y-59.0%
5Y-51.0%
10Y+97.0%
-77.10%
Return on Equity
-53%
3Y+25.0%
5Y+313.0%
10Y+412.0%
-16.77%
Return on Assets
-54%
3Y-63.0%
5Y+4.0%
10Y+49.0%
-11.60%
Return on Invested Capital
-66%
3Y-80.0%
5Y-38.0%
10Y-9.0%
APYX

Apyx Medical Corporation Cash Conversion Engine

APYX ยท NASDAQ
Net Income-11.11M
Depreciation & Amortization655.00K
Stock-Based Compensation2.00M
Change in Working Capital-1.59M
Others2.04M
Capital Expenditures-1.11M
Free Cash Flow-9.12M

Cash Flow Quality Analysis

FCF Conversion Rate

82.1%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-13.9%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+51.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$1.59M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

apyx

Apyx Medical Corporation Funding & Solvency Profile

APYX ยท NASDAQ
Cash & Cash Equivalents31.14M
Net Receivables12.76M
Inventory9.54M
Other Current Assets1.37M
Total Current Assets55 M
Property, Plant & Equipment6.35M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets1.88M
Total Non-Current Assets8 M
Total Assets
63.02M

Financial Health Analysis

Current Ratio

5.80x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

3.82x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

45 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

87% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

apyx

Apyx Medical Corporation Street Expectations Map

APYX ยท NASDAQ

Wall Street analysts project that APYX stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 6.00, with estimates ranging from a low of 6.00 to a high of 6.00.

Lowest Target
6.00
58.31%
Consensus Target
6.00
58.31%
Highest Target
6.00
58.31%

The consensus 1-year price target stands at 6.00, with estimates ranging from a low of 6.00 to a high of 6.00.

Analyst Consensus Analysis

Upside Potential

+58.3%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

apyx

Apyx Medical Corporation Insider Positioning

APYX ยท NASDAQ

During the last 12 months, there has been no insider trading activity reported for APYX.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

APYX has not reported any dividend yield values in the available annual periods.

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apyx Dividend History

APYX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%