AUVI
Industry:
Capital Goods

DESCRIPTION

Applied UV is a small-cap company that operates two unrelated businesses: air and surface disinfection products, and custom hospitality furnishings. The disinfection segment sells UV-based air purification and pathogen-control systems to commercial and institutional customers across healthcare, education, government, hospitality, and food preservation. Key products include Airocide, a photocatalytic oxidation (PCO) air purifier originally developed for NASA and FDA-listed as a Class II medical device; Scientific Air, a mobile UVC purification unit for healthcare and commercial spaces; PURO Lighting, which offers HVAC and in-room UV disinfection alongside an IoT air quality monitoring platform called PURONet; and Lumicide, which targets hospital-acquired infections around sinks and drains. LED Supply Co., also part of this segment, distributes LED lighting and smart building products across North America. The hospitality segment is run through MunnWorks, which manufactures custom mirrors and commercial furnishings for hotels and multi-family residential developments out of a 100,000 sq ft facility in Brooklyn, NY. Applied UV sells directly and through dealers, distributors, and manufacturing reps across 52 countries. The company has grown primarily through acquisitions and is focused on cross-selling between segments and building recurring revenue via IoT software subscriptions. Applied UV has been consistently unprofitable, and management is targeting cash flow positive results through revenue growth and margin improvement.

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