Apyx Medical Expects 2024 Revenues Of $46.6M-$47.6M Compared To Prior Guidance Of $50.6M-$52.1M Versus Consensus Of $50.767M

Benzinga

2024-11-08

The Company is updating its financial guidance for the year ending December 31, 2024 to:

Total revenue is now expected to be in the range of $46.6 million to $47.6 million, representing a decrease from 2023 of approximately 11% to 9%. The Company's prior guidance range for total revenue was $50.6 million to $52.1 million.
- Total revenue guidance assumes:
  - Revenue from the Advanced Energy segment is now expected to be in the range of $37.2 million to $38.2 million, representing a decrease from 2023 of approximately 14% to 12%. The Company's prior guidance range for Advanced Energy revenue was $41.6 million to $43.1 million.
  - Revenue from the OEM segment is now expected to be approximately $9.4 million, representing growth of approximately 5% from 2023. The Company's prior guidance for OEM revenue was approximately $9.0 million.
Net loss attributable to stockholders is now expected to be approximately $25.0 million, compared to $18.7 million for the year ended December 31, 2023. The Company's prior guidance range for net loss attributable to stockholders was $24.5 million to $23.5 million.

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The Company's prior guidance range for net loss attributable to stockholders was $24.5 million to $23.5 million.<br/> </li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APYX","symbol_name":"Apyx Medical Inc","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/24/11/41840920/apyx-medical-expects-2024-revenues-of-46-6m-47-6m-compared-to-prior-guidance-of-50-6m-52-1m-versus-","article_id":"2481179856","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481179856","pubTimestamp":1731067968,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"The Company is updating its financial guidance for the year ending December 31, 2024 to:Total revenue is now expected to be in the range of $46.6 million to $47.6 million, representing a decrease from 2023 of","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"APYX":"Apyx Medical Inc"},"translate_title":"Apyx Medical预计2024年收入为4660万美元至4760万美元，而之前的指导为5060万美元至5210万美元，而市场普遍预期为5076.7万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APYX":0.9},"content_text":"The Company is updating its financial guidance for the year ending December 31, 2024 to:Total revenue is now expected to be in the range of $46.6 million to $47.6 million, representing a decrease from 2023 of approximately 11% to 9%. The Company's prior guidance range for total revenue was $50.6 million to $52.1 million.Total revenue guidance assumes:Revenue from the Advanced Energy segment is now expected to be in the range of $37.2 million to $38.2 million, representing a decrease from 2023 of approximately 14% to 12%. The Company's prior guidance range for Advanced Energy revenue was $41.6 million to $43.1 million.Revenue from the OEM segment is now expected to be approximately $9.4 million, representing growth of approximately 5% from 2023. The Company's prior guidance for OEM revenue was approximately $9.0 million.Net loss attributable to stockholders is now expected to be approximately $25.0 million, compared to $18.7 million for the year ended December 31, 2023. 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