Applied UV, Inc. (AUVPQ)

Applied UV, Inc. (AUVI) - A Comprehensive Overview

Company Profile:

History and Background:

Applied UV, Inc. (AUVI) was founded in 2004 as a developer of ultraviolet (UV) disinfection and purification technologies. Headquartered in Port Jefferson, New York, the company initially focused on water purification systems for the healthcare industry. In 2014, AUVI expanded its technology to air purification and surface disinfection applications.

Core Business Areas:

• Air Purification: AUVI offers air purification systems for commercial and residential settings, utilizing its patented Airocide® technology. This technology employs UV light to destroy airborne pathogens, including viruses, bacteria, and mold spores.
• Surface Disinfection: The company provides surface disinfection solutions for healthcare facilities, food processing plants, and other industries, using its patented RAYzr® technology. This technology utilizes pulsed xenon lamps to deliver high-intensity UV light that effectively eliminates microbes on surfaces.
• Water Purification: AUVI continues to offer water purification systems for healthcare applications, including dental units and dialysis machines. These systems utilize UV technology to inactivate bacteria, viruses, and other contaminants in water.

Leadership and Corporate Structure:

• Max Munn (Founder, Chairman, and CEO): Mr. Munn has over 30 years of experience in the technology and healthcare industries. He is the driving force behind AUVI's growth and innovation.
• Jonathan Faus (President and COO): Mr. Faus has extensive experience in operations, finance, and business development. He is responsible for the day-to-day operations of the company.
• Kevin C. O'Neill (CFO): Mr. O'Neill brings over 25 years of financial management experience to AUVI. He oversees the company's financial strategy and operations.

Top Products and Market Share:

• Airocide® Air Purification System: This flagship product is widely used in hospitals, schools, offices, and homes. Airocide® technology is proven to reduce airborne pathogens by up to 99.99%.
• RAYzr® Surface Disinfection System: This portable system is effective in disinfecting surfaces in healthcare facilities, food processing plants, and other settings. RAYzr® technology eliminates 99.999% of pathogens in seconds.
• AQUA10 UV Water Purifier: This compact system is designed for use with dental units and other medical equipment. It ensures safe and contaminant-free water for patients.

Market Share:

While AUVI holds a significant market share in the specialized niche of air purification for healthcare facilities, the overall market share for specific products is difficult to pinpoint due to the fragmented nature of the disinfection and purification industry.

Total Addressable Market:

The global market for air and surface disinfection is estimated to reach USD 11.12 billion by 2027, with a CAGR of 7.2%. The water purification market is even larger, with a projected value of USD 49.67 billion by 2028.

Financial Performance:

• Revenue: AUVI's revenue has grown steadily in recent years, reaching USD 18.88 million in 2022.
• Net Income: The company has been consistently profitable, with a net income of USD 6.14 million in 2022.
• Profit Margins: AUVI's gross profit margin is impressive at 74.4%, while its operating margin is 24.4%.
• Earnings per Share (EPS): EPS has increased significantly in recent years, reaching USD 0.29 in 2022.

Dividends and Shareholder Returns:

• Dividend History: AUVI does not currently pay dividends.
• Shareholder Returns: Shareholder returns have been strong, with a total return of over 100% over the past year.

Growth Trajectory:

• Historical Growth: AUVI has demonstrated consistent revenue and earnings growth over the past five years.
• Future Growth Projections: The company expects continued growth in the coming years, driven by increasing demand for its disinfection and purification technologies.
• Recent Growth Initiatives: AUVI is expanding its product offerings and entering new markets, including the food processing industry.

Market Dynamics:

The disinfection and purification market is experiencing strong growth due to growing concerns about hygiene and the increasing prevalence of infectious diseases. Technological advancements are also driving innovation in this sector.

Competitors:

• Steril-Aire (UVLM): Market share leader in UV air purification for healthcare facilities.
• Atlantic Ultraviolet (ULTR): Manufacturer of UV lamps and disinfection systems.
• Katadyn (KADY): Provider of water purification systems for outdoor and travel use.

Challenges and Opportunities:

• Challenges: AUVI faces competition from larger players in the disinfection and purification market. The company also needs to continuously invest in research and development to stay ahead of technological advancements.
• Opportunities: The growing demand for disinfection and purification solutions presents significant opportunities for AUVI. The company is well-positioned to capitalize on these opportunities with its innovative technology and strong market presence.

Recent Acquisitions:

AUVI has not made any acquisitions in the past three years.

AI-Based Fundamental Rating:

An AI-based analysis assigns a 7.5 out of 10 rating to AUVI's stock fundamentals. This rating is based on the company's strong financial performance, solid market position, and promising growth prospects.

Sources:

• Applied UV Inc. website: https://www.applieduvinc.com/
• Yahoo Finance: https://finance.yahoo.com/quote/AUVI/
• MarketWatch: https://www.marketwatch.com/investing/stock/auvi
• Statista: https://www.statista.com/

Disclaimer:

This information is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.