Apyx Medical’s Strategic Moves for Financial Stability
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Apyx Medical (APYX) has enhanced its financial stability by raising funds through a direct stock offering and amending its credit agreement with Perceptive Credit Holdings. The company is implementing a cost-saving restructuring program, including a 25% workforce reduction in the U.S. Despite a 4% drop in total revenue, Apyx remains optimistic about growth in disposable handpiece sales and the upcoming Ayon body contouring system, expecting significant cost savings and new innovations in the aesthetic surgical market.
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