Advanced Energy Product Sales Growth
Sales of advanced energy products increased by 6% to $7.9 million in the first quarter of 2025 compared to the same period last year, indicating a positive trend in the U.S. market with stronger sales of single-use handpieces.
Cost-Cutting and Restructuring Success
Significant cost-cutting measures and a restructuring program have been implemented, resulting in reduced costs and cash burn, showcasing dedication to commercial strategy.
Renuvion's Market Recognition
Renuvion won the 2025 NewBeauty Award for best minimally invasive skin tightener, highlighting the innovation and effectiveness of the product in the aesthetic space.
AYON Platform Launch Preparedness
Plans for a soft launch of the AYON platform in the back half of 2025 are in place, indicating readiness to expand market share and address a growing aesthetic surgery market.
Improved Financial Metrics
Net loss attributable to shareholders decreased to $4.2 million from $7.6 million in the prior year. Adjusted EBITDA loss also decreased by 54% to $2.4 million.
Positive Cash Flow Management
Cash used in operating activities decreased significantly to $0.7 million from $6.3 million in the prior year, with expectations to return to normalized cash burn for the balance of 2025.