ZYXI - Zynex sees Q4 and FY20 revenue in-line with consensus increases Adj. EBITDA estimate

Zynex ([[ZYXI]] +3.7%) reaffirms its previous revenue estimate for 4Q20 to be in rage of $25.5M and $26.5M vs. $25.60M consensus; and FY20 revenue estimate between $80M and $81M vs. $ 80.12M consensus.Zynex increases its adj. EBITDA estimate to between $3.1M and $4.1M (prior $2.3M and $3.3M); and FY20 Adj. EBITDA $13.3M to $14.3M which is 10% to 18% above compared to last year.“We concluded 2020 with strong orders and posted 117% year over year growth. For the full year orders grew 96% which in the midst of a pandemic is a very solid result. Our sales team continues to do a great job as they deal with unforeseen challenges brought about by COVID-19,” commented Thomas Sandgaard, CEO.“Valuations balance out to be attractive, and we feel shares are worth ~$27, based on gross profit multiples as a cleaner measure,” mentions SA Contributor Zach Bristow, with Neutral rating.

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Zynex sees Q4 and FY20 revenue in-line with consensus, increases Adj. EBITDA estimate