Apyx Medical

Apyx Medical

APYX
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Private Company

Total funding raised: $126M

Market Cap: $150.2MFounded: 1986Employees: 101-250HQ: Clearwater, United States

Overview

Apyx Medical is a publicly traded medical technology company focused on developing and commercializing advanced energy systems for surgical and aesthetic procedures. Its primary achievement is the Renuvion platform, which utilizes helium plasma technology for controlled tissue effects. The company's strategy involves expanding the clinical indications for Renuvion, launching its next-generation AYON system, and leveraging its OEM segment for manufacturing revenue. Apyx aims to establish its technology as a standard of care in targeted surgical markets.

Aesthetic MedicineGeneral SurgeryPlastic SurgeryDermatology

Technology Platform

Proprietary Helium Plasma Technology that utilizes radiofrequency energy to ionize helium gas, creating a precise, cold plasma beam for cutting, coagulation, and ablation of tissue with controlled thermal effect.

Funding History

4
Total raised:$126M
PIPE$25M
PIPE$25M
IPO$46M
IPO$30M

Opportunities

Apyx Medical has the opportunity to capture significant market share in the multi-billion dollar aesthetic device market with Renuvion's minimally invasive skin tightening technology.
Further expansion into broader surgical specialties, such as general and thoracic surgery, represents a substantially larger addressable market if the company can demonstrate superior clinical outcomes and secure favorable reimbursement.

Risk Factors

Key risks include commercial execution challenges in driving adoption against entrenched competitors, regulatory hurdles in expanding indications, and uncertainty around securing adequate insurance reimbursement for surgical procedures.
The company's financial sustainability is also at risk if it cannot achieve profitability while funding its growth initiatives.

Competitive Landscape

Apyx faces intense competition from large, well-capitalized medical device giants like Medtronic and Johnson & Johnson in the surgical market, and from established aesthetic technology players like InMode and Solta Medical. Its differentiation relies on proving the clinical advantages of its proprietary helium plasma technology over traditional electrosurgical and thermal-based devices.

Company Timeline

1986Founded

Founded in Clearwater, United States

2019IPO

IPO — $46.0M

2021PIPE

PIPE: $25.0M

2021PIPE

PIPE: $25.0M