Financial Snapshot

Revenue
$193.7M
TTM
Gross Margin
79.57%
TTM
Net Earnings
$4.824M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
394.35%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$35.77M
Q3 2024
Cash
Q3 2024
P/E
52.88
Nov 29, 2024 EST
Free Cash Flow
$15.53M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $184.3M $158.2M $130.3M $80.12M $45.47M $31.92M $23.43M $13.31M $11.64M $11.10M $21.70M $39.70M $34.15M $24.09M $18.68M $11.76M $8.050M $2.560M $2.100M $1.260M $1.080M
YoY Change 16.54% 21.39% 62.63% 76.2% 42.47% 36.21% 76.01% 14.36% 4.87% -48.85% -45.34% 16.25% 41.76% 28.96% 58.84% 46.09% 214.45% 21.9% 66.67% 16.67%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $184.3M $158.2M $130.3M $80.12M $45.47M $31.92M $23.43M $13.31M $11.64M $11.10M $21.70M $39.70M $34.15M $24.09M $18.68M $11.76M $8.050M $2.560M $2.100M $1.260M $1.080M
Cost Of Revenue $38.37M $32.01M $27.32M $17.42M $8.814M $6.038M $4.819M $3.517M $4.937M $4.957M $8.140M $8.770M $7.370M $5.200M $3.790M $2.240M $840.0K $300.0K $120.0K $240.0K $190.0K
Gross Profit $146.0M $126.2M $103.0M $62.71M $36.66M $25.88M $18.61M $9.796M $6.704M $6.143M $13.54M $30.90M $26.78M $18.88M $14.89M $9.520M $7.210M $2.250M $1.980M $1.020M $900.0K
Gross Profit Margin 79.19% 79.77% 79.03% 78.26% 80.62% 81.08% 79.43% 73.58% 57.59% 55.34% 62.41% 77.82% 78.42% 78.37% 79.71% 80.95% 89.57% 87.89% 94.29% 80.95% 83.33%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Selling, General & Admin $135.2M $103.2M $80.61M $52.46M $25.59M $15.51M $9.669M $9.156M $9.185M $11.40M $21.14M $28.16M $23.68M $17.32M $11.07M $9.220M $4.040M $2.330M $1.720M $1.910M $760.0K
YoY Change 30.95% 28.05% 53.68% 104.97% 65.01% 60.4% 5.6% -0.32% -19.41% -46.1% -24.91% 18.91% 36.72% 56.46% 20.07% 128.22% 73.39% 35.47% -9.95% 151.32%
% of Gross Profit 92.61% 81.82% 78.28% 83.66% 69.81% 59.93% 51.95% 93.47% 137.01% 185.53% 156.11% 91.14% 88.42% 91.74% 74.35% 96.85% 56.03% 103.56% 86.87% 187.25% 84.44%
Research & Development $9.200M $7.100M $2.600M $800.0K $600.0K $200.0K $100.0K $300.0K $256.0K $394.0K $754.0K $874.0K
YoY Change 29.58% 173.08% 225.0% 33.33% 200.0% 100.0% -66.67% 17.19% -35.03% -47.75% -13.73%
% of Gross Profit 6.3% 5.63% 2.52% 1.28% 1.64% 0.77% 0.54% 3.06% 3.82% 6.41% 5.57% 2.83%
Depreciation & Amortization $2.684M $2.197M $2.261M $1.572M $778.0K $448.0K $252.0K $395.0K $367.0K $613.0K $708.0K $831.0K $810.0K $770.0K $680.0K $420.0K $150.0K $90.00K $70.00K $50.00K $30.00K
YoY Change 22.17% -2.83% 43.83% 102.06% 73.66% 77.78% -36.2% 7.63% -40.13% -13.42% -14.8% 2.59% 5.19% 13.24% 61.9% 180.0% 66.67% 28.57% 40.0% 66.67%
% of Gross Profit 1.84% 1.74% 2.2% 2.51% 2.12% 1.73% 1.35% 4.03% 5.47% 9.98% 5.23% 2.69% 3.02% 4.08% 4.57% 4.41% 2.08% 4.0% 3.54% 4.9% 3.33%
Operating Expenses $144.4M $110.3M $83.21M $53.26M $26.19M $15.71M $9.769M $9.456M $9.441M $11.79M $21.90M $29.03M $23.68M $17.32M $11.08M $9.210M $4.050M $2.430M $1.780M $1.950M $790.0K
YoY Change 30.87% 32.58% 56.25% 103.33% 66.73% 60.8% 3.31% 0.16% -19.93% -46.15% -24.58% 22.61% 36.72% 56.32% 20.3% 127.41% 66.67% 36.52% -8.72% 146.84%
Operating Profit $10.78M $22.94M $22.37M $10.25M $11.07M $10.37M $8.944M $640.0K -$2.481M -$5.697M -$7.600M $2.737M $3.100M $1.560M $3.810M $310.0K $3.160M -$180.0K $200.0K -$930.0K $110.0K
YoY Change -53.0% 2.56% 118.23% -7.38% 6.71% 15.94% 1297.5% -125.8% -56.45% -25.04% -377.68% -11.71% 98.72% -59.06% 1129.03% -90.19% -1855.56% -190.0% -121.51% -945.45%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Interest Expense -$1.094M -$440.0K -$95.00K -$20.00K -$10.00K $154.0K $1.450M $352.0K $503.0K $536.0K $607.0K $435.0K -$460.0K -$210.0K $10.00K -$70.00K -$250.0K -$150.0K -$40.00K -$40.00K -$40.00K
YoY Change 148.64% 363.16% 375.0% 100.0% -106.49% -89.38% 311.93% -30.02% -6.16% -11.7% 39.54% -194.57% 119.05% -2200.0% -114.29% -72.0% 66.67% 275.0% 0.0% 0.0%
% of Operating Profit -10.15% -1.92% -0.42% -0.2% -0.09% 1.49% 16.21% 55.0% 15.89% -14.84% -13.46% 0.26% -22.58% -7.91% -20.0% -36.36%
Other Income/Expense, Net $1.799M -$740.0K -$95.00K -$96.00K $875.0K -$154.0K -$1.450M -$556.0K -$510.0K -$583.0K -$530.0K -$401.0K $0.00 -$20.00K $0.00 $30.00K $0.00 $0.00 $140.0K $0.00 $0.00
YoY Change -343.11% 678.95% -1.04% -110.97% -668.18% -89.38% 160.79% 9.02% -12.52% 10.0% 32.17% -100.0% -100.0% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Pretax Income $12.58M $22.20M $22.27M $10.15M $11.94M $10.22M $7.494M $84.00K -$2.991M -$6.280M -$8.130M $2.336M $2.640M $1.340M $3.820M $270.0K $2.920M -$320.0K $300.0K -$1.010M $70.00K
YoY Change -43.33% -0.33% 119.35% -14.97% 16.89% 36.32% 8821.43% -102.81% -52.37% -22.76% -448.03% -11.52% 97.01% -64.92% 1314.81% -90.75% -1012.5% -206.67% -129.7% -1542.86%
Income Tax $2.847M $5.150M $5.168M $1.079M $2.449M $664.0K $129.0K $15.00K -$57.00K -$49.00K -$790.0K $788.0K $1.080M $990.0K $1.440M $160.0K $790.0K $0.00 $0.00 -$30.00K $30.00K
% Of Pretax Income 22.63% 23.2% 23.21% 10.63% 20.51% 6.5% 1.72% 17.86% 33.73% 40.91% 73.88% 37.7% 59.26% 27.05% 0.0% 42.86%
Net Earnings $9.732M $17.05M $17.10M $9.074M $9.492M $9.552M $7.365M $69.00K -$2.911M -$6.199M -$7.301M $1.548M $1.560M $350.0K $2.380M $110.0K $2.130M -$320.0K $300.0K -$980.0K $40.00K
YoY Change -42.91% -0.32% 88.48% -4.4% -0.63% 29.69% 10573.91% -102.37% -53.04% -15.09% -571.64% -0.77% 345.71% -85.29% 2063.64% -94.84% -765.63% -206.67% -130.61% -2550.0%
Net Earnings / Revenue 5.28% 10.78% 13.13% 11.33% 20.87% 29.93% 31.43% 0.52% -25.01% -55.85% -33.65% 3.9% 4.57% 1.45% 12.74% 0.94% 26.46% -12.5% 14.29% -77.78% 3.7%
Basic Earnings Per Share $0.27 $0.44 $0.45 $0.24 $0.29 $0.29 $0.23 $0.00 -$0.09 -$0.20 -$0.23
Diluted Earnings Per Share $0.27 $0.44 $0.44 $0.24 $0.28 $0.28 $0.22 $0.00 -$0.09 -$0.20 -$0.23 $0.05 $50.36K $11.40K $78.37K $3.592K $74.84K -$13.32K $12.76K -$43.11K $1.806K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Cash & Short-Term Investments $44.58M $20.14M $42.61M $39.17M $14.04M $10.13M $5.570M $250.0K $10.00K $60.00K $320.0K $820.0K $790.0K $600.0K $860.0K $0.00 $270.0K $20.00K $0.00
YoY Change 121.3% -52.73% 8.79% 178.99% 38.6% 81.87% 2128.0% 2400.0% -83.33% -81.25% -60.98% 3.8% 31.67% -30.23% 1250.0%
Cash & Equivalents $270.0K $20.00K $0.00
Short-Term Investments
Other Short-Term Assets $3.332M $868.0K $689.0K $1.380M $320.0K $570.0K $200.0K $40.00K $30.00K $250.0K $460.0K $2.150M $1.720M $990.0K $1.080M $790.0K $300.0K $210.0K $40.00K $20.00K $0.00
YoY Change 283.87% 25.98% -50.07% 331.25% -43.86% 185.0% 400.0% 33.33% -88.0% -45.65% -78.6% 25.0% 73.74% -8.33% 36.71% 163.33% 42.86% 425.0% 100.0%
Inventory $13.11M $13.48M $10.76M $8.640M $2.380M $840.0K $420.0K $110.0K $310.0K $1.940M $5.000M $6.160M $4.560M $3.640M $2.140M $2.210M $940.0K $560.0K $490.0K $320.0K $170.0K
Prepaid Expenses
Receivables $26.84M $35.06M $28.63M $13.84M $5.830M $2.790M $2.190M $3.030M $2.430M $3.190M $7.030M $12.22M $10.98M $7.310M $5.040M $5.620M $4.480M $1.340M $700.0K $190.0K $190.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $270.0K $900.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.00K $0.00 $10.00K $0.00
Total Short-Term Assets $87.86M $69.56M $82.69M $63.02M $22.57M $14.32M $8.370M $3.420M $2.770M $5.710M $13.70M $21.36M $18.05M $12.53M $9.120M $8.620M $5.710M $2.430M $1.260M $550.0K $350.0K
YoY Change 26.3% -15.88% 31.21% 179.22% 57.61% 71.09% 144.74% 23.47% -51.49% -58.32% -35.86% 18.34% 44.05% 37.39% 5.8% 50.96% 134.98% 92.86% 129.09% 57.14%
Property, Plant & Equipment $16.22M $15.29M $18.91M $8.240M $4.870M $3.890M $190.0K $580.0K $800.0K $1.280M $2.890M $3.710M $3.420M $2.910M $2.610M $2.100M $930.0K $330.0K $270.0K $230.0K $70.00K
YoY Change 6.08% -19.18% 129.53% 69.2% 25.19% 1947.37% -67.24% -27.5% -37.5% -55.71% -22.1% 8.48% 17.53% 11.49% 24.29% 125.81% 181.82% 22.22% 17.39% 228.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.274M $2.153M $1.296M $910.0K $840.0K $1.040M $370.0K $60.00K $60.00K $0.00 $450.0K $270.0K $320.0K $260.0K $200.0K $70.00K $30.00K $10.00K $10.00K $10.00K $10.00K
YoY Change 98.51% 66.13% 42.42% 8.33% -19.23% 181.08% 516.67% 0.0% -100.0% 66.67% -15.63% 23.08% 30.0% 185.71% 133.33% 200.0% 0.0% 0.0% 0.0%
Total Long-Term Assets $49.05M $46.91M $50.59M $9.160M $5.710M $4.930M $560.0K $670.0K $930.0K $1.400M $3.520M $4.580M $3.740M $3.170M $2.810M $2.170M $960.0K $340.0K $280.0K $240.0K $80.00K
YoY Change 4.57% -7.27% 452.24% 60.42% 15.82% 780.36% -16.42% -27.96% -33.57% -60.23% -23.14% 22.46% 17.98% 12.81% 29.49% 126.04% 182.35% 21.43% 16.67% 200.0%
Total Assets $136.9M $116.5M $133.3M $72.18M $28.28M $19.25M $8.930M $4.090M $3.700M $7.110M $17.22M $25.94M $21.79M $15.70M $11.93M $10.79M $6.670M $2.770M $1.540M $790.0K $430.0K
YoY Change
Accounts Payable $8.433M $5.601M $4.739M $4.720M $2.130M $1.550M $2.260M $2.880M $2.480M $2.540M $2.740M $2.060M $2.190M $1.310M $1.130M $1.040M $820.0K $340.0K $280.0K $180.0K $140.0K
YoY Change 50.56% 18.19% 0.4% 121.6% 37.42% -31.42% -21.53% 16.13% -2.36% -7.3% 33.01% -5.94% 67.18% 15.93% 8.65% 26.83% 141.18% 21.43% 55.56% 28.57%
Accrued Expenses $9.270M $8.013M $6.756M $5.040M $2.960M $1.580M $540.0K $950.0K $780.0K $800.0K $930.0K $2.160M $2.280M $1.550M $1.210M $1.800M $710.0K $270.0K $120.0K $160.0K $120.0K
YoY Change 15.69% 18.61% 34.05% 70.27% 87.34% 192.59% -43.16% 21.79% -2.5% -13.98% -56.94% -5.26% 47.1% 28.1% -32.78% 153.52% 162.96% 125.0% -25.0% 33.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $5.333M $0.00 $0.00 $0.00 $0.00 $0.00 $2.770M $4.000M $4.440M $5.820M $5.910M $3.290M $1.270M $0.00 $1.890M $90.00K $0.00 $0.00 $0.00 $20.00K
YoY Change -100.0% -100.0% -30.75% -9.91% -23.71% -1.52% 79.64% 159.06% -100.0% 2000.0% -100.0%
Long-Term Debt Due $196.0K $128.0K $5.451M $80.00K $50.00K $10.00K $350.0K $120.0K $110.0K $80.00K $90.00K $140.0K $130.0K $90.00K $100.0K $60.00K $390.0K $520.0K $160.0K $150.0K $230.0K
YoY Change 53.13% -97.65% 6713.75% 60.0% 400.0% -97.14% 191.67% 9.09% 37.5% -11.11% -35.71% 7.69% 44.44% -10.0% 66.67% -84.62% -25.0% 225.0% 6.67% -34.78%
Total Short-Term Liabilities $18.53M $21.09M $22.87M $10.12M $5.200M $6.980M $4.030M $7.750M $7.540M $8.060M $9.680M $12.09M $9.750M $5.550M $3.340M $5.470M $2.920M $1.130M $560.0K $480.0K $560.0K
YoY Change -12.11% -7.8% 126.0% 94.62% -25.5% 73.2% -48.0% 2.79% -6.45% -16.74% -19.93% 24.0% 75.68% 66.17% -38.94% 87.33% 158.41% 101.79% 16.67% -14.29%
Long-Term Debt $58.06M $5.481M $10.92M $280.0K $150.0K $10.00K $0.00 $140.0K $220.0K $310.0K $150.0K $110.0K $260.0K $330.0K $20.00K $120.0K $40.00K $290.0K $340.0K $100.0K $30.00K
YoY Change 959.33% -49.82% 3800.71% 86.67% 1400.0% -100.0% -36.36% -29.03% 106.67% 36.36% -57.69% -21.21% 1550.0% -83.33% 200.0% -86.21% -14.71% 240.0% 233.33%
Other Long-Term Liabilities $14.18M $23.54M $25.56M $4.920M $3.280M $2.970M $0.00 $10.00K $10.00K $10.00K $2.470M $890.0K $1.160M $1.450M $540.0K $0.00
YoY Change -39.76% -7.88% 419.43% 50.0% 10.44% -100.0% 0.0% 0.0% -99.6% 177.53% -23.28% -20.0% 168.52%
Total Long-Term Liabilities $72.24M $29.02M $36.48M $5.200M $3.430M $2.980M $0.00 $150.0K $230.0K $320.0K $2.620M $1.000M $1.420M $1.780M $560.0K $120.0K $40.00K $290.0K $340.0K $100.0K $30.00K
YoY Change 148.92% -20.44% 601.5% 51.6% 15.1% -100.0% -34.78% -28.13% -87.79% 162.0% -29.58% -20.22% 217.86% 366.67% 200.0% -86.21% -14.71% 240.0% 233.33%
Total Liabilities $90.78M $50.11M $59.35M $15.32M $8.540M $9.870M $3.940M $7.800M $7.680M $8.320M $12.34M $13.89M $11.65M $7.520M $4.440M $6.010M $3.050M $1.480M $900.0K $590.0K $590.0K
YoY Change 81.16% -15.57% 287.4% 79.39% -13.48% 150.51% -49.49% 1.56% -7.69% -32.58% -11.16% 19.23% 54.92% 69.37% -26.12% 97.05% 106.08% 64.44% 52.54% 0.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Basic Shares Outstanding 35.56M 38.47M 38.32M 37.26M 32.44M 32.50M 32.16M 31.27M shares 31.27M shares 31.21M 31.15M 31.06M
Diluted Shares Outstanding 36.14M 39.13M 39.20M 38.44M 33.96M 34.04M 33.20M 31.27M shares 31.27M shares 31.21M 31.15M 31.22M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $255.08 Million

About ZYNEX INC

Zynex, Inc. engages in the design, manufacture, and marketing of medical devices. The company is headquartered in Englewood, Colorado and currently employs 1,100 full-time employees. The company went IPO on 2002-11-27. The Company’s devices are intended for pain management to reduce reliance on medications and provide rehabilitation and increased mobility through the utilization of non-invasive muscle stimulation, electromyography technology, interferential current, neuromuscular electrical stimulation and transcutaneous electrical nerve stimulation. The Company’s products include Zynex Medical Products, which includes NexWave, NeuroMove, InWave, E-Wave and M-Wave; Private Labeled Supplies, which includes Electrodes and Batteries; Distributed Complementary, which includes Comfortrac/Saunders, JetStream/Pain Management Technologies, LSO Back Braces and Bracing, and Zynex Monitoring Solutions Products, which includes CM-1500, CM-1600, NiCO CO-Oximeter and HemeOx tHb Oximeter.

Industry: Electromedical & Electrotherapeutic Apparatus Peers: ABBOTT LABORATORIES ClearPoint Neuro, Inc. Cue Health Inc. Vicarious Surgical Inc. IRADIMED CORP Orthofix Medical Inc. Sight Sciences, Inc. Semler Scientific, Inc. SURMODICS INC ZimVie Inc.