NASDAQ$ZYXIQ
Zynex Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported a revenue increase and maintained strong financial health and sustained profitability.
Zynex reported a 19% increase in net revenue to $41.5 million compared to Q3 2021. Net income increased by 46% from the previous quarter to $4.9 million. The company had $23.5 million in cash on hand and generated $7.4 million in operating cash flow.
- Net revenue increased by 19% year-over-year to $41.5 million.
- Net income was $4.9 million, a 46% increase from the second quarter of 2022.
- Operating cash flows reached $7.4 million, marking the second-best period in the company's history.
- The company completed a $10 million stock buyback, bringing the year-to-date total to $20 million.
Headline financials
Revenue & EPS history
Zynex · Revenue · Quarterly
$41.5M
Revenue by segment
Zynex · $49.9M total across 2 segments · Q3 2023
- Supplies$33.1M—66.2%
- Devices$16.9M—33.8%
Forward guidance
The estimated range for fourth quarter 2022 revenue is between $48-$51 million, an increase of approximately 23% from Q4 2021. Adjusted EBITDA for the fourth quarter 2022 is estimated to range between $10-$12 million. Based on the fourth quarter estimates, the full year 2022 revenue estimate now ranges between $157.4-$160.4 million and Adjusted EBITDA between $26.7-$28.7 million.
Tailwinds
- Fourth quarter revenue is estimated to be between $48-$51 million, a 23% increase from Q4 2021.
- Fourth quarter Adjusted EBITDA is estimated to be between $10-$12 million.
- Full year 2022 revenue is estimated to be between $157.4-$160.4 million.
- Full year 2022 Adjusted EBITDA is estimated to be between $26.7-$28.7 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2022
+0.4%
Avg return
Earnings day
-1.8%
Avg return
5 days after
-6.5%
Avg return
30 days after
46%
29 / 63 earnings
Positive
+38.5%
Q3 2014
Best reaction
-51.6%
Q1 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2024 | -51.3% | — | — | |
| Q3 2025 | +0.0% | +0.0% | -98.2% | |
| Q2 2025 | +0.0% | +0.0% | +0.0% | |
| Q1 2025 | -25.6% | +0.0% | +0.0% | |
| Q3 2024 | +9.1% | +0.0% | +0.0% | |
| Q2 2024 | -11.4% | +0.0% | +0.0% | |
| Q1 2024 | +2.8% | +0.0% | +0.0% | |
| Q4 2023 | -8.8% | +0.0% | +0.0% | |
| Q3 2023 | +17.5% | +0.0% | +0.0% | |
| Q2 2023 | +3.3% | +0.0% | +0.0% | |
| Q1 2023 | +2.5% | +0.0% | +0.0% | |
| Q4 2022 | +16.7% | +0.0% | +0.0% | |
| Q3 2022 | +15.0% | +0.0% | +0.0% | |
| Q2 2022 | +13.3% | +0.0% | +0.0% | |
| Q1 2022 | -8.6% | +0.0% | +0.0% | |
| Q4 2021 | -1.7% | +0.0% | +0.0% | |
| Q3 2021 | +10.0% | +0.0% | +0.0% | |
| Q2 2021 | -19.3% | +0.0% | +0.0% | |
| Q1 2021 | -9.2% | -12.0% | -6.3% | |
| Q4 2020 | -21.2% | -22.4% | -18.8% | |
| Q3 2020 | -6.5% | — | — | |
| Q2 2020 | -6.0% | — | — | |
| Q1 2020 | -1.1% | — | — | |
| Q4 2019 | +3.1% | — | — | |
| Q3 2019 | -7.9% | — | — | |
| Q2 2019 | +9.8% | — | — | |
| Q1 2019 | +7.9% | — | — | |
| Q4 2018 | -11.1% | — | — | |
| Q3 2018 | +3.4% | — | — | |
| Q2 2018 | -3.3% | — | — | |
| Q1 2018 | +4.5% | — | — | |
| Q4 2017 | -20.7% | — | — | |
| Q3 2017 | +6.6% | — | — | |
| Q2 2017 | +34.6% | — | — | |
| Q1 2017 | -5.6% | — | — | |
| Q4 2016 | +9.7% | — | — | |
| Q3 2016 | +23.1% | — | — | |
| Q2 2016 | +34.8% | — | — | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | -4.3% | — | — | |
| Q2 2015 | -5.4% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q3 2014 | +38.5% | — | — | |
| Q2 2014 | +2.2% | — | — | |
| Q1 2014 | -0.2% | — | — | |
| Q4 2013 | -3.6% | — | — | |
| Q3 2013 | +13.6% | — | — | |
| Q2 2013 | +7.1% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | +5.6% | — | — | |
| Q2 2012 | -5.1% | — | — | |
| Q1 2012 | -6.3% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2010 | +12.9% | — | — | |
| Q3 2011 | +12.9% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q1 2011 | -8.2% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q2 2010 | +2.0% | — | — | |
| Q1 2010 | -51.6% | — | — |
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