Loading...
•
Dec 31, 2020
Zynex Q4 2020 Earnings Report
Reported highest quarterly revenue and positive net income for the eighteenth consecutive quarter.
Key Takeaways
Zynex reported an 81% increase in net revenue to $25.6 million and a net income of $1.8 million for the fourth quarter of 2020. Orders grew 117% compared to Q4 2019.
Net revenue increased by 81% compared to the fourth quarter of 2019.
Gross margins were 78% in the fourth quarter of 2020.
Net income was $1.8 million.
Orders grew 117% compared to the fourth quarter of 2019.
Zynex
Zynex
Forward Guidance
Full year 2021 revenue is estimated between $135.0 and $150.0 million with Adjusted EBITDA between $15.0 and $25.0 million. The revenue estimate for Q1 is approximately 51% to 61% above 2020 first quarter revenue of $15.2 million.
Positive Outlook
- Full year 2021 revenue is estimated between $135.0 and $150.0 million
- Adjusted EBITDA between $15.0 and $25.0 million for full year 2021
- Full year revenue estimate is approximately 68% to 87% above 2020 revenue of $80.1 million.
- Revenue estimate for Q1 is approximately 51% to 61% above 2020 first quarter revenue of $15.2 million.
Challenges Ahead
- Adjusted EBITDA loss of between $0.5 and $1.5 million for Q1
- First quarter revenue is historically affected by health insurance deductibles not being met in the beginning of the year.
- Seasonality of deductibles affects Q1
- Slower ramping of sales orders due to COVID-19 restrictions are factors which will produce a small loss in Q1.