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 announced preliminary results for second quarter 2023 and reiterated full-year guidance.
"Zynex continues to see strong growth in our pain management division across device and supply sales. Q2 orders increased 51% over the same period in 2022, providing further proof of our ability to deliver consistently strong profitable growth as we expand sales territories. We are excited by our progress in patient monitoring as that division continues to ramp up. We recently received FDA clearance on our CM-1600 fluid monitor, providing more comfortable and accurate monitoring to patients and hospitals." said Thomas Sandgaard, CEO of Zynex.
"We are confirming our previous estimates for second quarter revenue of $43.5 - $45.5 million and earnings per share between $0.03 - $0.07," said Sandgaard. "Our second quarter revenue estimate is an increase of approximately 21% over the prior year period, and I am pleased with our continued strong momentum, solid order growth, and continued productivity in our sales force."
The Company reiterates its full year 2023 guidance of revenue between $180 - $200 million and earnings per share between $0.40 - $0.50.
https://finance.yahoo.com/news/zynex-reports-preliminary-second-quarter-131500606.html
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