Welcome to our dedicated page for Zynex news (Ticker: ZYXI), a resource for investors and traders seeking the latest updates and insights on Zynex stock.
Zynex Inc. (ZYXI) is a leader in non-invasive medical technology, specializing in electrotherapy devices, pain management solutions, and advanced patient monitoring systems. This news hub provides investors and industry professionals with essential updates on the company’s latest developments, regulatory milestones, and strategic initiatives.
Access real-time information on Zynex’s FDA clearances, product innovations, and financial performance. Our curated news collection covers earnings reports, partnership announcements, clinical trial outcomes, and market expansion efforts. Stay informed about developments across Zynex Medical’s therapeutic devices, Monitoring Solutions’ cardiac technologies, and Neurodiagnostics’ advancements in neurological care.
This resource is designed for those tracking Zynex’s progress in bringing clinically validated medical devices to market. Discover updates on key focus areas including TENS therapy improvements, laser-based monitoring innovations, and compliance with global medical standards. Bookmark this page for streamlined access to press releases, analyst insights, and objective reporting on Zynex’s role in shaping healthcare technology.
Zynex reported challenging Q1 2025 financial results, with net revenue declining to $26.6 million from $46.5 million year-over-year. The medical technology company faced a temporary payment suspension from its largest insurance customer, Tricare, with an appeals response expected in June.
Key financial metrics include:
- Gross profit: $18.2 million (69% of revenue), down from $37.2 million (80%)
- Net loss: ($10.4 million) or ($0.33) per share
- Cash position: $23.9 million with working capital of $40.1 million
The company implemented cost-reduction measures, including a 15% staff reduction, targeting annual savings of $35 million. Despite challenges, Zynex maintains optimism about growth opportunities in pain management and patient monitoring, with plans to submit their NiCO laser pulse oximeter for FDA approval. Q2 2025 guidance projects revenue of at least $27 million with an expected loss per share of ($0.20) or better.
Zynex (NASDAQ: ZYXI), a medical technology company focused on non-invasive medical devices for pain management, rehabilitation, and patient monitoring, has scheduled its first quarter 2025 earnings conference call for Tuesday, April 29, 2025 at 4:15 PM Eastern Time.
The company will release its financial results for Q1 2025 (ended March 31, 2025) prior to the call. Management will host the conference call followed by a Q&A session. Participants can join via U.S. & Canada dial-in (800-836-8184), international number (646-357-8785), or through the webcast link available on the company's investor relations website.
Zynex (NASDAQ: ZYXI) reported its Q4 and full-year 2024 financial results, showing mixed performance. Full-year 2024 highlights include a 4% revenue increase to $192.4 million, net income of $3.0 million (EPS $0.09), and operating cash flow of $12.7 million.
However, Q4 2024 showed challenges with revenue declining to $46.0 million from $47.3 million year-over-year, resulting in a net loss of ($0.6) million. A significant development is Tricare's temporary payment suspension, affecting 20-25% of annual revenue. In response, Zynex is implementing a 15% staff reduction and other cost-cutting measures, expected to save approximately $35 million annually.
The company received FDA clearance for its new TensWave device and completed positive clinical trials for the NiCO laser pulse oximeter at Duke University. For Q1 2025, Zynex projects revenue of at least $30 million with an expected loss per share of ($0.30) or better.
Zynex (NASDAQ: ZYXI), a medical technology company focused on non-invasive medical devices for pain management, rehabilitation, and patient monitoring, has scheduled its Q4 and full-year 2024 earnings conference call for March 11, 2025, at 4:15 PM Eastern Time.
The company will release its financial results before the call, which will include a management presentation followed by a Q&A session. Participants can join via phone using U.S. & Canada dial-in (800-836-8184) or international number (646-357-8785), or through the webcast link available on the company's investor relations website.
Zynex (NASDAQ: ZYXI) has announced a new partnership to conduct business with Veterans Affairs Medical Centers (VAMCs) across the United States. This collaboration gives Zynex access to the VA's extensive healthcare network, which spends over $112 billion annually on healthcare and serves over 9 million enrolled veterans.
The partnership encompasses 171 VAMCs and over 1,100 outpatient facilities, plus approximately 700 Military Treatment Facilities operated by the Department of Defense. Currently, less than 1% of Zynex's sales come from VAMCs, presenting a significant growth opportunity for the company's non-opioid pain management solutions.
Zynex (NASDAQ: ZYXI) has completed its clinical verification trial for the NiCO™ pulse oximeter at Duke University, marking a important milestone before FDA 510(k) submission. The device uses innovative laser technology to directly measure blood oxygenation levels, unlike traditional LED pulse oximeters that only provide estimates.
The NiCO technology aims to address accuracy issues present in current LED pulse oximeters, particularly for individuals with darker skin pigmentation. This development represents Zynex's strategic entry into the multi-billion dollar pulse oximetry market. The company will now proceed with final safety testing before submitting for FDA clearance.
Zynex (NASDAQ: ZYXI) has joined the Open Oximetry Project's Collaborative Community as an industry member. The project, led by UC San Francisco's Center for Health Equity in Surgery and Anesthesia, aims to improve pulse oximeter safety and accuracy across all populations. Zynex Monitoring Solutions is developing the NiCO™ pulse oximeter, which uses laser technology instead of traditional LED technology for more accurate blood oxygenation measurement, particularly addressing known inaccuracies in measuring oxygen levels in individuals with darker skin pigmentation. The company is in final verification studies before FDA 510(k) submission, targeting entry into the multi-billion dollar pulse oximetry market.
Zynex (NASDAQ: ZYXI) reported Q3 2024 financial results with net revenue of $50.0 million and net income of $2.4 million ($0.07 per diluted share). Orders increased 13% year-over-year, while revenue per sales rep grew 25% to $530,000. The company received FDA clearance for its new TensWave device. Gross profit was $39.8 million (80% margin), compared to $40.4 million (81%) in 2023. Cash flow from operations was $7.1 million, with cash and equivalents at $37.6 million. For Q4 2024, Zynex expects revenue of at least $53.6 million and diluted EPS of $0.09. Full-year 2024 guidance projects revenue of at least $200 million.
Zynex, Inc. (NASDAQ: ZYXI), a medical technology company specializing in non-invasive devices for pain management, rehabilitation, and patient monitoring, has announced its upcoming third quarter 2024 earnings call. The call is scheduled for Thursday, October 24, 2024, at 4:15 PM Eastern Time.
Key details for the earnings call include:
- Financial results will be released in a press release before the call
- Zynex management will host the call, followed by a Q&A session
- U.S. & Canada dial-in: 800-836-8184
- International dial-in: 646-357-8785
- Webcast link will be available
Participants are advised to call 5-10 minutes before the start time. A webcast link will also be provided on the Zynex investor relations website for those who prefer to stream the call.
Zynex (NASDAQ: ZYXI), a leading medical technology company, has announced its participation in the HC Wainwright Global Investment Conference from September 9-11, 2024. The company, known for its non-invasive medical devices for pain management, rehabilitation, and patient monitoring, will present a fireside chat on September 10 at 11:30 AM ET at the Lotte New York Palace Hotel.
The presentation will be webcast live and accessible to interested parties. Additionally, Dan Moorhead, CFO of Zynex, will be available for one-on-one meetings on September 9 and 10. This event provides an opportunity for investors and analysts to gain insights into Zynex's operations and future prospects in the medical technology sector.
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