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Stock impact report

Zynex Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Zynex, Inc. (ZYXI) 
NASDAQ:AMEX Investor Relations: zynexmed.com/ir-overview
Company Research Source: Yahoo! Finance
medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, rehabilitation, and patient monitoring, today reported its financial and operational results for the first quarter ended March 31, 2024 Key First Quarter Highlights and Business Update Q1 2024 revenue increased 10% year-over-year to $46.5 million ; Q1 2024 revenue underperformed guidance of $47.5 million due to payments from a number of insurers being delayed due to a cyber incident which impacted industry-wide payers. Zynex expects the revenue for the full year to remain as originally forecasted and recognize delayed revenue over the remainder of the year. Q1 2024 net income of ; Diluted EPS Q1 2024 orders increased 23% year-over-year, the highest number of orders in Company history for the eighth consecutive quarter. Q1 2024 cash flow from operations of $2.1 million , a 7% year-over-year increase. Repurchased $13.4 million of the Company's common stock Show less Read more
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