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Stock impact report

Zynex Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]

Zynex, Inc. (ZYXI) 
NASDAQ:AMEX Investor Relations: zynexmed.com/ir-overview
Company Research Source: Yahoo! Finance
ENGLEWOOD, Colo. Feb. 29, 2024 /PRNewswire/ -- Zynex, Inc. (NASDAQ: ZYXI), an innovative 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 fourth quarter and full year ended December 31, 2023 and its Board of Directors has approved an additional program to repurchase up to $20.0 million of the Company's common stock. Key Fourth Quarter and FY 2023 Highlights and Business Update FY 2023 revenue increased 17% year-over-year to $184.3 million ; Q4 2023 revenue decreased 3% year-over-year to $47.3 million due to a $6.2 million non-recurring write-off of slow collecting receivables from a prior period which are booked as a charge against revenue. FY 2023 net income of $9.7 million ; Diluted EPS ; Q4 2023 net income of $1.2 million ; Diluted EPS FY 2023 orders increased 43% year-over-year; Q4 orders increased 29% Show less Read more
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