- Zynex ( NASDAQ: ZYXI ) on Tuesday reported record order growth in Q3 and reiterated its guidance.
- Q3 orders increased 34% Y/Y and 12% sequentially.
- "Aug. and Sept. saw the highest number of monthly orders in ZYXI's history. Additionally, cash collections remained strong during the quarter, enabling us to complete the $10M stock buyback program," said ZYXI CEO Thomas Sandgaard.
- ZYXI reiterated its guidance for Q3 revenue of $40M-$43M and adj. EBITDA of $7M-$9M.
- The firm also maintained its guidance for 2022 revenue of $150M-$170M and adj. EBITDA of $25M-$35M.
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Zynex reports record order growth in Q3, reaffirms guidance