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Apyx Medical vs Shoulder Innovations

Apyx Medical and Shoulder Innovations are similar in size: $52.8m and $47.3m of revenue in their latest fiscal years. Shoulder Innovations grew faster (49.6% against 9.9%). Apyx Medical kept more of each dollar of sales as profit: a net margin of -21.2% against -85.3%.

Latest fiscal yearApyx MedicalAPYX, 2025Shoulder InnovationsSI, 2025
Revenue $52.8m $47.3m
Revenue growth 9.9% 49.6%
Net income −$11.2m −$40.4m
Operating margin — -55.6%
Net margin -21.2% -85.3%
Return on equity -78.0% -93.8%
Free cash flow −$9.1m −$36.0m
Cash $31.7m $26.9m
Total debt $37.5m $14.9m
Debt to equity — 10.6%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 205 75
Market value $108m $405m
Price vs our value range — —
Moat score 44 (Weak) —
Insider trades, 12 months 0 buys, 0 sales 7 buys, 17 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.