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Jun 30, 2022
Zynex Q2 2022 Earnings Report
Reported an 18% increase in net revenue and a 19% increase in net income compared to Q2 2021.
Key Takeaways
Zynex reported net revenue of $36.8 million for the second quarter of 2022, an 18% increase over the second quarter of 2021. Net income was $3.3 million, a 19% increase from Q2 2021.
Net revenue increased by 18% compared to Q2 2021.
Net income increased by 19% compared to Q2 2021.
Gross margins were 80%.
Cash on hand was $26.9 million at the end of the second quarter.
Forward Guidance
Zynex is reaffirming its full year 2022 revenue estimates in the range of $150-$170 million and Adjusted EBITDA between $25-$35 million. The estimated range for third quarter 2022 revenue is between $40-$43 million, an increase of approximately 20% from Q3 2021. Adjusted EBITDA for the third quarter 2022 is estimated to range between $7-$9 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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