Applied UV, Inc.
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About the company
Applied UV, Inc. , along with its subsidiaries, operates internationally across the United States, Canada, and Europe. The company specializes in the development, acquisition, promotion, and sale of proprietary surface and air disinfection technologies.
- CEO
- Max Munn
- IPO
- 2020
- Employees
- 131
- HQ
- Mount Vernon, NY, US
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- Market Cap
- $467
- P/E
- -0.00
- PEG
- -0.00
- P/S
- 0.00
- P/B
- 0.00
- EV/EBITDA
- -0.95
- Div Yield
- 0.00%
- Gross Margin
- 19.22%
- Op Margin
- -48.06%
- Net Margin
- -32.43%
- ROE
- -62.70%
- ROIC
- -59.14%
Latest fiscal year · YoY change
- Revenue
- $40.72M+102.2%
- Gross Profit
- $7.83M+93.8%
- Op Income
- $-13,095,530
- Net Income
- $-13,203,852+20.3%
- EPS
- $-40.00+75.4%
- OCF Growth
- +7.2%
- FCF Growth
- +0.9%
- 52W High
- $0.01
- 52W Low
- $0.00
- 50D MA
- $0.00
- 200D MA
- $0.00
- Beta
- 9.52
- RSI (14)
- 48
- Avg Volume
- 3.93K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Applied UV posted strong Q2 revenue growth on acquisitions and hospitality momentum, while management reiterated a path toward operating cash flow positivity and a $45 million full-year revenue target.· August 21, 2023
- Q2 revenue rose to $10.8 million, up 83.6% year over year, driven mainly by the PURO Lighting and LED Supply acquisitions.
- Gross profit increased to $2.4 million and gross margin was 22.2%, slightly above 22.1% last year.
- The company ended Q2 with $3.3 million in cash and cash equivalents and reported a net loss of $3.0 million.
- Backlog reached a record approximately $20 million, up 279% year over year, with hospitality representing more than 59% of backlog.
- Management said it remains focused on scale, gross margin expansion, expense control, and expects to approach cash flow positive in the next two quarters.
Net sales were $10.8 million in Q2 2023, up $4.9 million or 83.6% from $5.9 million in Q2 2022. Gross profit was $2.4 million, or 22.2% of sales, versus $1.3 million, or 22.1%, a year ago. SG&A was $4.9 million versus $4.0 million last year, operating loss was $2.7 million versus $2.8 million, and net loss was $3.0 million versus $2.9 million. Cash and cash equivalents were $3.3 million at June 30, 2023 versus $2.7 million a year earlier. For guidance, management reiterated expected total revenues of approximately $45 million for calendar 2023 and said it expects to approach cash flow positive in the next two quarters.
Max Munn emphasized that the quarter reflected strong execution, with growth in both Hospitality and Healthy Buildings/Disinfection businesses. He highlighted a record backlog, momentum into the second half of 2023 and into 2024, and said the company is building scale while focusing on gross margin expansion and operating expense control. His tone was confident and upbeat, while still stressing that profitability and cash flow remain the key objectives.
Mike Riccio walked through the financial bridge: revenue rose to $10.8 million, gross profit to $2.4 million, gross margin to 22.2%, SG&A to $4.9 million, operating loss to $2.7 million, and net loss to $3.0 million. He said the revenue lift was primarily from the PURO Lighting and LED Supply acquisitions, which added approximately $4.0 million, while Hospitality added $0.9 million. He also noted $0.5 million of interest expense tied to borrowings used to fund the acquisitions and working capital, and said cash and cash equivalents were $3.3 million at quarter-end.
There was no substantive analyst Q&A; the call ended shortly after management’s prepared remarks. The most notable follow-up came from Max Munn, who said the company is “driving hard” to achieve operating cash flow positive results, believes it is on track to deliver the top line discussed six months earlier, and expects to approach cash flow positive in the next two quarters.
The bull case on this call is that Applied UV is showing real revenue momentum across both businesses, with Hospitality growth and acquisition-driven gains in Healthy Buildings pushing sales up sharply. Backlog is at a record level, management is talking about cost synergies and improved margins, and new product and partnership developments could support additional growth.
The bear case is that the company is still posting a net loss and operating loss, and SG&A remains elevated after the acquisitions. Cash was only $3.3 million at quarter-end, interest expense has risen due to acquisition-related borrowings, and management’s cash flow positivity remains a near-term target rather than a delivered result.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 91.3%
- Shares Outstanding
- 4.67M
- Float Shares
- 4.27M
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