Apyx Medical Corp income statement
In fiscal 2025, Apyx Medical Corp reported revenue of $52.8m, up 9.9% on the year before, operating income of −$6.4m (a -12.2% margin) and net income of −$11.2m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27 | 24 | 25 | 28 | 24 | 28 | 30 | 9 | 10 | 17 | 28 | 28 | 49 | 45 | 52 | 48 | 53 | 58 |
| Cost of revenue | 15 | 14 | 15 | 16 | 14 | 19 | 17 | 4 | 3 | 6 | 9 | 10 | 15 | 15 | 19 | 19 | 20 | 21 |
| Gross profit | 12 | 10 | 11 | 11 | 9 | 9 | 13 | 5 | 7 | 11 | 19 | 18 | 34 | 29 | 34 | 29 | 33 | 37 |
| Research and development | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 3 | 3 |
| Selling, general and administrative | 5 | 5 | 4 | 4 | 6 | 7 | 8 | 6 | 9 | 9 | 14 | 12 | 19 | 20 | 22 | 19 | 16 | 17 |
| Operating income | 1 | −3 | −0 | 1 | −4 | −6 | −7 | −11 | −14 | −14 | −21 | −20 | −14 | −24 | −17 | −19 | −6 | −4 |
| Interest expense | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 6 | 6 | 6 |
| Net interest income | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | — | — | — | — | — | — | — | — | — |
| Income before tax | 1 | −2 | 0 | 1 | −6 | −13 | −5 | −11 | −14 | −15 | −20 | −19 | −15 | −23 | −21 | −23 | −11 | −8 |
| Income tax | 0 | −1 | 0 | 0 | −2 | 4 | 0 | 0 | −0 | −4 | −0 | −8 | 0 | 0 | −2 | 0 | 0 | 0 |
| Net income | 1 | −2 | 0 | 1 | −4 | −17 | −5 | −12 | −5 | 63 | −20 | −12 | −15 | −23 | −19 | −23 | −11 | −9 |
| Diluted EPS | $0.03 | −$0.09 | $0.01 | $0.03 | −$0.40 | −$1.03 | $0.24 | −$0.15 | −$0.17 | $1.83 | −$0.58 | −$0.35 | −$0.44 | −$0.67 | −$0.54 | — | — | −$0.20 |
| Diluted shares (average) | 17m | 17m | 18m | 18m | 18m | 18m | 28m | 27m | 31m | 34m | 34m | 34m | 34m | 35m | 35m | 36m | 41m | 43m |
| EBITDA | 1 | −2 | 1 | 2 | −3 | −5 | −6 | −11 | −13 | −14 | −20 | −19 | −14 | −23 | −17 | −18 | −6 | −3 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 14 | 9 | 11 | 13 | 19 | 12 | 14 |
| Cost of revenue | 5 | 5 | 4 | 4 | 5 | 7 | 5 | 5 |
| Gross profit | 7 | 9 | 6 | 7 | 8 | 12 | 8 | 9 |
| Research and development | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Selling, general and administrative | 4 | 5 | 3 | 4 | 4 | 5 | 4 | 5 |
| Operating income | −4 | −3 | −3 | −3 | −1 | 0 | −1 | −2 |
| Interest expense | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | −5 | −5 | −4 | −4 | −2 | −1 | −2 | −3 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −5 | −5 | −4 | −4 | −2 | −1 | −2 | −3 |
| EBITDA | −3 | −3 | −3 | −2 | −1 | 0 | −1 | −2 |
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