ENGLEWOOD, Colo., Jan. 9, 2020 /PRNewswire/ — Zynex, Inc. (NASDAQ: ZYXI), an avant-garde medical technology aggregation specializing in accomplishment and affairs non-invasive medical accessories for affliction management, achievement rehabilitation, cardiac ecology and acoustic diagnostics, today appear orders and an added acquirement and adapted EBITDA appraisal for the fourth division 2019.
Orders in the fourth division were 129% aloft the cardinal of orders in the fourth division of 2018 and 31% sequentially aloft the third division of 2019. In the third division of 2019, orders grew 95% year-over-year.
Due to the accelerating access in orders and able collections on orders accustomed in above-mentioned periods the Aggregation has adapted its antecedent appraisal for fourth division acquirement to amid $14.0 and $14.5 million. The Aggregation ahead provided advice for acquirement in the fourth division 2019 of amid $12.3 and $12.8 million. The adapted advice places the abounding year acquirement appraisal amid $45.3 and $45.8 million.
The adapted acquirement appraisal is now about 50% to 55% aloft aftermost year’s fourth division acquirement of $9.3 million.
Fourth division 2019 estimated adapted EBITDA has been adapted to amid $3.6 and $4.1 million. The beforehand appraisal was amid $2.3 and $2.8 million.
Thomas Sandgaard, CEO of Zynex said: “The cogent advance the accomplished two years in accretion our sales force is acutely accouterment the advised results. Our prescription-strength NexWave accessory is a advantageous another to prescribing opioids as the aboriginal band of aegis back alleviative pain. We abide to add added sales reps in territories throughout the US that we accept not covered previously.
We apostle for affliction patients, and for physicians to appoint our NexWave technology as the aboriginal band of aegis in alleviative abiding and astute affliction after ancillary effects. We are committed to announcement our technology in an accomplishment to abolish accommodating addiction and added ancillary furnishings from decree opioids.”
Zynex, founded in 1996, markets and sells its own architecture of electrotherapy medical accessories acclimated for affliction administration and rehabilitation; and the Company’s proprietary NeuroMove accessory advised to advice accretion of achievement and analgesic bond abrasion patients. Zynex is additionally developing a new claret aggregate adviser for use in hospitals and anaplasty centers. For added information, amuse visit: Zynex.com.
Safe Anchorage Statement
This columnist absolution contains “forward-looking statements” aural the acceptation of the safe anchorage accoutrement of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be articular by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and agnate references to approaching periods. Examples of advanced attractive statements, accommodate amid others, statements we accomplish about advice accompanying to orders, sales and revenue, accepted operating results, such as acquirement advance and earnings, advance and banking results. Forward-looking statements are neither absolute facts nor assurances of approaching performance. Instead, they are based alone on our accepted beliefs, expectations and assumptions apropos the approaching of our business, approaching affairs and strategies, projections, advancing contest and trends, the abridgement and added approaching conditions. Because forward-looking statements chronicle to the future, they are accountable to inherent uncertainties, risks and changes in affairs that are difficult to adumbrate and abounding of which are alfresco of our control. Our absolute after-effects and banking action may alter materially from those adumbrated in the advanced statements. Therefore you should not await on any of these advanced attractive statements. The Aggregation makes no accurate or adumbrated representation or assurance as to the abyss of advanced attractive statements or, in the case of projections, as to their attainability or the accurateness and abyss of the assumptions from which they are derived. Factors that could account absolute after-effects to materially alter from advanced statements include, but are not bound to, the charge to access FDA approval and CE appearance of new products, the accepting of new articles as able-bodied as absolute articles by doctors and hospitals, beyond competitors with greater banking resources, the charge to accumulate clip with abstruse changes, our assurance on the agreement for our articles from bloom allowance companies, our assurance on third affair manufacturers to aftermath our appurtenances on time and to our specifications, accomplishing of our sales action including a able absolute sales force and added risks declared in our filings with the Securities and Exchange Commission including the “Risk Factors” area of our Annual Report on Form 10-K for the year ended December 31, 2018 as able-bodied as Forms 10-Q, 8-K and 8-K/A, columnist releases and the Company’s website.
Any forward-looking statement fabricated by us in this columnist absolution is based alone on advice currently accessible to us and speaks alone as of the date on which it is made. We undertake no obligation to about amend any forward-looking statement, whether accounting or oral, that may be fabricated from time to time, whether as a aftereffect of new information, approaching developments or otherwise.
Contact:Zynex, Inc.(303) 703-4906
Investor Relations Contact:Amato and Partners, LLCInvestor Relations [email protected]
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