ZYXI - Zynex gains 4.5% on record order growth
2023-04-11 09:35:05 ET
- Zynex ( NASDAQ: ZYXI ) re-affirms first quarter revenue of $39.0 - $41.0 million ($39.61M consensus), up 29% Y/Y and earnings per share between $0.00 - $0.03 ($0.01 consensus).
- First quarter revenue is affected by the resetting of health insurance deductibles in the beginning of a calendar year; seasonably lower revenues in the first quarter are a historical trend for Zynex and an industry norm.
- The Company reiterates FY23 guidance of revenue between $180 - $200M and earnings per share between $0.40 - $0.50. The FY23 revenue consensus is $191.24M and EPS consensus is $0.47.
- The company recorded another quarter of order growth for the first quarter of 2023. Q1 orders were up 61% Y/Y following a strong fourth quarter.
- ZYXI +4.4% premarket to $12.34
- Source: Press Release
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Zynex gains 4.5% on record order growth