- Total revenue expected to be in a range of approximately $14.1 to $14.3 million, representing a decrease of 4% to 3% year-over-year.
- Advanced Energy revenue expected to be in a range of approximately $12.0 to $12.2 million, which is relatively flat year-over-year.
- OEM revenue expected to be approximately $2.1 million, representing a decrease of 17% year-over-year.
Preliminary Full Year 2024 Revenue Summary:
- Total revenue expected to be in a range of approximately $48.0 to $48.2 million, representing a decrease of 8% year-over-year.
- Advanced Energy revenue expected to be in a range of approximately $38.5 to $38.7 million, representing a decrease of 11% year-over-year.
- OEM revenue expected to be approximately $9.5 million, representing growth of 6% year-over-year.
Management Comments:
“We are pleased with our financial performance in the fourth quarter of 2024, as we delivered over 25% sales growth in our Advanced Energy segment on quarter-over-quarter basis, and exceeded expectations,” said Charlie Goodwin, President and Chief Executive Officer. “In the back half of the year, we saw improved U.S. capital sales characterized by a doubling of generator unit sales versus the first half of 2024 and strong U.S. single use handpiece sales. We are excited to build interest in our new AYON™ Body Contouring System, which we expect to launch in the second half of 2025 pending FDA clearance. AYON positions us as a leader in surgical aesthetics and enables us to capitalize on improving market dynamics, particularly with the increase in demand for treatments to address loose and lax skin, due in part to GLP-1 drugs resulting in significant patient weight loss. We look forward to strengthening our partnership with surgeons and providing them a better tool to treat these patients.”
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