Revenue Update on Bovie Medical Corporation(NYSEMKT:BVX)

Bovie Medical Corporation(NYSEMKT:BVX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $9.29M. Analysts estimated a revenue of $8.28M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.06.

Bovie Medical Corporation (BVX) made into the market gainers list on Mondays trading session with the shares advancing 8.39% or 0.24 points. Due to strong positive momentum, the stock ended at $3.1, which is also near the day’s high of $3.38. The stock began the session at $2.94 and the volume stood at 2,24,262 shares. The 52-week high of the shares is $3.38 and the 52 week low is $1.56. The company has a current market capitalization of $84 M and it has 2,71,94,251 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 23, 2015, Moshe Citronowicz (Sr. V.P. of Operations) purchased 20,000 shares at $1.84 per share price.Also, On Dec 23, 2015, John J. Iii Mccarthy (Chief Commercialization Office) purchased 25,000 shares at $1.98 per share price.On Dec 23, 2015, Robert Gershon (CEO) purchased 10,000 shares at $1.82 per share price, according to the Form-4 filing with the securities and exchange commission.

Bovie Medical Corporation (Bovie) is an energy-based medical device company. The Company is engaged in developing manufacturing and marketing a range of electrosurgical products and technologies as well as related medical products used in doctor’s offices surgery centers and hospitals around the world. It is also engaged in the design development and manufacturing of electrosurgical equipment by producing equipment for medical device manufacturers. It also develops J-Plasma a plasma-based surgical product. The Company operates through three segments: Core OEM and J-Plasma. The Company’s medical devices are marketed through its own brands including Bovie Aaron IDS and ICON) and on a private label basis to distributors throughout the world. The Company offers its products in three categories: electrosurgery cauteries and other products. Its electrosurgery products include desiccators generators electrodes electrosurgical pencils and various ancillary disposable products.

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