Zynex rises on higher orders in Q1

Zynex

11/04/2023 16:33

** Shares of medical tech co Zynex Inc  ZYXI.O  rise 3.7% to
about $12.3
    ** Co says Q1 orders were up 61% over same period in 2022
    ** Confirms previous estimates for Q1 rev of $39.0 - $41.0
mln and EPS between $0.00 - $0.03
    ** Analysts see Q1 EPS of $0.01, rev of $39.6 mln -
Refinitiv IBES data
    ** Reiterates FY2023 outlook of rev between $180 and $200
mln and EPS between $0.40 and $0.50
    ** Analysts see FY2023 EPS of $0.47, rev of $191.2 mln
    ** ZYXI down about 11.9% YTD

 (Reporting by Vaibhav Sadhamta)
 ((Vaibhav.sadhamta@thomsonreuters.com))