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Dec 31, 2019
Zynex Q4 2019 Earnings Report
Reported a 52% increase in net revenue and a net income of $2.9 million.
Key Takeaways
Zynex reported strong fourth-quarter results with a 52% increase in net revenue, reaching $14.2 million, and a net income of $2.9 million. Order growth was significant, increasing by 129% compared to the fourth quarter of 2018. The company is focused on expanding its sales force and investing in infrastructure to support increasing order volumes.
Net revenue increased by 52% to $14.2 million compared to Q4 2018.
Gross margins remained strong at 80%.
Net income was $2.9 million for the quarter.
Orders grew 129% compared to the fourth quarter of 2018.
Forward Guidance
The estimate range for the first quarter revenue is between $14.0 and $14.5 million with Adjusted EBITDA between $2.3 and $2.8 million as we continue to invest in growing our sales force. Full year 2020 revenue is estimated between $75.0 and $80.0 million with Adjusted EBITDA between $15.0 and $18.0 million.
Positive Outlook
- First quarter revenue is expected to be between $14.0 and $14.5 million.
- Adjusted EBITDA for the first quarter is projected to be between $2.3 and $2.8 million.
- Full year 2020 revenue is estimated to be between $75.0 and $80.0 million.
- Adjusted EBITDA for the full year 2020 is projected to be between $15.0 and $18.0 million.
- First quarter revenue is expected to increase by approximately 52% to 58% above 2019 first quarter revenue of $9.2 million.
Challenges Ahead
- First quarter revenue is historically affected by health insurance deductibles not being met in the beginning of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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