Zynex Inc (NASDAQ:ZYXI) executive vice president of sales Steve Fox talked with Proactive about the company's mission to provide noninvasive, non-addictive at-home pain management options through its flagship device, NexWave. Fox discussed how Zynex Medical is addressing the opioid crisis by offering alternative pain solutions that empower both healthcare providers and patients.
Zynex, Inc. specializes in non-invasive pain management and patient monitoring, with promising advancements like the NiCO pulse oximeter targeting accurate readings for diverse skin tones. Despite disappointing Q4 2024 results and reimbursement challenges, Zynex aims for long-term growth with cost-cutting measures and a strategic market entry plan for NiCO. Valuation concerns arise from high current P/E ratios, but projected forward P/E compression suggests potential deep-value in the growing medical device market.
Zynex, Inc. (NASDAQ:ZYXI ) Q4 2024 Earnings Conference Call March 11, 2025 4:15 PM ET Company Participants Brian Prenoveau - Investor Relations Thomas Sandgaard - Chairman of the Board, President, and Chief Executive Officer Dan Moorhead - Chief Financial Officer Anna Lucsok - Chief Operating Officer Donald Gregg - President, Zynex Monitoring Solutions Conference Call Participants Jeffrey Cohen - Ladenburg Yi Chen - H.C. Wainwright & Co. Operator Good afternoon, ladies and gentlemen, and welcome to the Zynex Fourth Quarter 2024 Earnings Conference Call.
Zynex Inc. (ZYXI) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.09. This compares to earnings of $0.04 per share a year ago.
Zynex Inc (NASDAQ:ZYXI) has reported its financial results for the fourth quarter and the full year 2024, with full-year revenue growing 4% to reach $192.4 million. The medical technology company specializing in non-invasive devices for pain management, rehabilitation and patient monitoring saw 16% year-over-year growth in orders in 2024.
Zynex Inc (NASDAQ:ZYXI) COO Anna Lucsok shared insights earlier this week about the company's operational strategies and future growth plans in an interview with Proactive. Lucsok discussed the company's strong performance in sales and reimbursement, as well as its mission to provide non-opioid pain management solutions.
Zynex Inc (NASDAQ:ZYXI) continues to expand its portfolio of innovative, non-invasive medical devices targeting pain management, rehabilitation, and pain monitoring. The company's flagship NexWave product is a multi-modality electrotherapy device that combines various therapeutic modalities to provide effective pain relief.
Zynex Inc (NASDAQ:ZYXI) has announced a new partnership with Veterans Affairs Medical Centers (VAMCs) across the United States, a significant opportunity to expand the reach of its noninvasive medical devices for pain management and rehabilitation. This collaboration provides an opportunity to expand sales of Zynex's pain management solutions within the largest healthcare network in the US, which serves over 9 million enrolled veterans annually and accounts for more than $112 billion in annual healthcare spending.
Zynex Inc (NASDAQ:ZYXI) CEO Thomas Sandgaard spoke with Proactive about the company's 2024 achievements and plans for 2025. Zynex reached $200 million in revenue while staying profitable, thanks to employee dedication and innovative pain management products like braces and cold therapy devices.
Zynex announces the completion of the clinical verification trial of its NiCO pulse oximeter.
Zynex Inc (NASDAQ:ZYXI) has announced its membership in the Collaborative Community of the Open Oximetry Project as an industry member. This initiative, led by the University of California, San Francisco's Center for Health Equity in Surgery and Anesthesia, aims to enhance the safety and accuracy of pulse oximeters across diverse populations.
Zynex Inc (NASDAQ:ZYXI) holds a competitive niche in the pain management market, benefiting from its focus on non-invasive, reimbursable solutions. While the company has successfully capitalized on the growing demand for non-opioid therapies, staying ahead will depend on its ability to innovate and adapt to a rapidly evolving medical device landscape.