Zynex Inc Stock Price, News & Analysis

Zynex, Inc. (Nasdaq: ZYXI) has initiated enrollment in a clinical trial for its second-generation fluid monitoring system, the CM-1600, designed for apheresis procedures. The trial builds on data collected from its predicate device, the CM-1500, which received FDA clearance in February 2020. Currently, 53 subjects are participating in the study, with completion of enrollment expected by Q4 2022. Zynex aims to demonstrate the CM-1600's enhanced sensitivity and accuracy in various clinical settings to support its market value.

Zynex, Inc. (NASDAQ: ZYXI) reported strong financial results for Q2 2022, with revenue increasing 18% year-over-year to $36.8 million. Net income rose 19% to $3.3 million, yielding a diluted EPS of $0.08. Adjusted EBITDA also showed a significant increase of 16%, reaching $5.5 million. The company completed a $10 million share buyback and announced an additional program of $10 million. With the highest order volume recorded, Zynex reaffirms its full-year revenue guidance of $150-$170 million and third-quarter revenue expected between $40-$43 million.

Zynex, Inc. (NASDAQ: ZYXI) announced it will report its second quarter 2022 financial results on July 28, 2022. The management will also conduct a conference call at 4:15 p.m. ET to discuss financial results and provide corporate updates. Zynex specializes in non-invasive medical devices for pain management, rehabilitation, and monitoring. Founded in 1996, the company is focused on developing innovative medical technologies. Stakeholders can register for the webcast via the provided link.

Zynex, Inc. (NASDAQ: ZYXI) reported strong preliminary second-quarter results for 2022, revealing a 19% sequential increase in orders compared to Q1 2022 and a 10% increase over Q2 2021. The company anticipates revenue between $35.0 million and $38.0 million with adjusted EBITDA between $4.0 million and $6.0 million, aligning with its full-year guidance of $150 million to $170 million in revenue. Zynex emphasized efficient sales force execution, aiming for sustained profitable growth.

Zynex, Inc. (NASDAQ: ZYXI), a medical technology company, announced the change of its independent registered accounting firm from Plante & Moran to Marcum LLP, effective June 13, 2022. This decision followed a thorough evaluation process and received approval from the Board of Directors and Audit Committee. CEO Thomas Sandgaard expressed gratitude to Plante & Moran for their service over the past five years, indicating no disagreements or reportable events during that period. Zynex specializes in non-invasive medical devices for pain management and rehabilitation.

Zynex, Inc. (NASDAQ: ZYXI) announced a $10 million share buyback program effective from June 10, 2022, aimed at enhancing shareholder value and reflecting board confidence in the company's growth strategy. This program follows the completion of a previous buyback in less than 50 days. The purchase will be financed through existing cash balances and is not expected to materially impact capital levels. The board believes the current market value does not accurately represent the company's true value, making this buyback an attractive opportunity for capital deployment.

Zynex, a leading medical technology company, will participate in two key investor conferences in May 2022. The management will present virtually at the H.C. Wainwright Annual Global Investment Conference on May 24, 2022, at 7 AM ET. Additionally, Zynex will present at the UBS Global Healthcare Conference on May 25, 2022, at 12:15 PM ET. Investors can access webcasts of both events through the company's investor relations website. Zynex specializes in non-invasive medical devices for pain management, rehabilitation, and patient monitoring.