ZYXI - Zynex slips 21% on reporting Q3 orders and lowering revenue guidance

Zynex ([[ZYXI]] -21.5%) announces that the order growth during this pandemic has been encouraging with 96% Y/Y growth and 87% sequentially but was slightly lower than what they originally projected for Q3.Company updated its Q3 revenue expectations to be between $20M and $20.5M (prior $22.3M and $22.8M) vs. $22.52M consensus, reflecting to lower than expected orders in Q2 and Q3 related to COVID-19.Q3 Adj. EBITDA is in-line with previous estimates and is expected to come in between $2.3M and $2.8M.FY20 revenue estimate is between $80M and $81M (prior $80M to $85M) vs. $83.71M consensus; the estimate is ~76% to 78% above last year's full year revenue of $45.5M. Adj. EBITDA is estimates to be $12.5M to $13.5M.Company hired 400 sales reps in early September, and expects to have ~500 sales reps in the U.S. by the end of 2020 and over 600 by the end of 2021."The company is expanding its

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Zynex slips 21% on reporting Q3 orders and lowering revenue guidance