ZYXI - Zynex GAAP EPS of $0.03 misses by $0.02 revenue of $31.08M beats by $0.06M

Zynex press release (NASDAQ:ZYXI): Q1 GAAP EPS of $0.03 misses by $0.02. Revenue of $31.08M (+28.8% Y/Y) beats by $0.06M. Adjusted EBITDA increased 897% to $3.1 million Announced Share Buyback Program up to $10M over next 12 months. As of March 31, 2022, the Company had working capital of $59.8 million. Cash on hand was $39.2 million at the end of the first quarter. Q2 and Full Year 2022 Guidance: Full year 2022 revenue is estimated in the range of $150-$170 million and Adjusted EBITDA between $25 and $35 million. Profitability is expected to grow as sales reps become more efficient, further highlighting the anticipated EBITDA growth in 2022. The estimated range for second quarter 2022 revenue is between $35.0 and $38.0 million, an increase of approximately 18% from 2Q21. Second quarter 2022 Adjusted EBITDA is estimated to range between $4.0 and $6.0 million, an increase of approximately 5% from 2Q21.

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Zynex GAAP EPS of $0.03 misses by $0.02, revenue of $31.08M beats by $0.06M