Zynex rises on $10 mln share buyback plan

Zynex

14/06/2023 16:01

** Shares of medical device maker Zynex Inc  ZYXI.O  rise
6.7% at $9.20 
    ** Company says its board has approved a program to buy back
$10.0 mln of its common stock 
    ** Repurchase program will commence on June 14, 2023 and is
scheduled to terminate on June 13, 2024 or when the $10.0 mln
buyback limit is reached -  company
    ** ZYXI says it expects to finance the purchases with
existing cash balances, which is not likely to have a material
impact on capital levels
    ** Company had about 41.6 mln shares issued and 36.4 mln
shares outstanding, as of last close 
    ** Including session's gains, stock down 33.90% YTD

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))