Zynex, Inc.

  • Market Cap: Micro Cap
  • Industry: Pharmaceuticals & Biotechnology
  • ISIN: US98986M1036
USD
1.03
-0.14 (-11.97%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.16 M

Shareholding (Mar 2025)

FII

4.28%

Held by 55 FIIs

DII

75.86%

Held by 22 DIIs

Promoter

0.00%

How big is Zynex, Inc.?

22-Jun-2025

As of Jun 18, Zynex, Inc. has a market capitalization of 74.31 million and reported net sales of 172.40 million with a net profit of -7.41 million over the latest four quarters. Shareholder's funds are 35.71 million, and total assets amount to 126.11 million.

As of Jun 18, Zynex, Inc. has a market capitalization of 74.31 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 18, the sum of net sales for the latest four quarters is 172.40 million, while the sum of net profit for the same period is -7.41 million.<BR><BR>As of Dec 24, the shareholder's funds are reported at 35.71 million, and total assets amount to 126.11 million.

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What does Zynex, Inc. do?

22-Jun-2025

Zynex, Inc. manufactures medical devices for treating pain and rehabilitating muscles, with a market cap of $74.31 million and quarterly net sales of $27 million but a net loss of $10 million as of March 2025. Key metrics include a debt-to-equity ratio of 1.89 and a return on equity of -35.68%.

Overview: <BR>Zynex, Inc. manufactures and markets medical devices that treat chronic and acute pain, as well as activate and exercise muscles for rehabilitative purposes, operating in the Pharmaceuticals & Biotechnology industry with a micro-cap market capitalization.<BR><BR>Financial Snapshot: <BR>Net Sales: 27 Million (Quarterly Results - Mar 2025) <BR>Net Profit: -10 Million (Quarterly Results - Mar 2025) <BR>Market cap: USD 74.31 Million (Micro Cap)<BR><BR>Key Metrics: <BR>Debt Equity: 1.89 <BR>Return on Equity: -35.68% <BR>Price to Book: 3.58<BR><BR>Contact Details: <BR>Address: 9555 MAROON CIRCLE, ENGLEWOOD CO: 80112 <BR>Tel: ['1 303 8673904', '1 800 4956670'] <BR>Fax: 1 800 4956695 <BR>Website: https://www.zynex.com/

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Should I buy, sell or hold Zynex, Inc.?

22-Jun-2025

Who are in the management team of Zynex, Inc.?

22-Jun-2025

As of March 2022, Zynex, Inc.'s management team includes Mr. Thomas Sandgaard as Chairman, President, and CEO, along with independent directors Mr. Michael Cress, Mr. Joshua Disbrow, and Mr. Barry Michaels.

As of March 2022, the management team of Zynex, Inc. includes Mr. Thomas Sandgaard, who serves as the Chairman of the Board, President, and Chief Executive Officer. Additionally, the board features independent directors: Mr. Michael Cress, Mr. Joshua Disbrow, and Mr. Barry Michaels.

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Is Zynex, Inc. overvalued or undervalued?

20-Sep-2025

As of April 29, 2025, Zynex, Inc. is considered risky and overvalued due to negative financial metrics and a year-to-date return of -80.65%, significantly underperforming the S&P 500's 12.22%.

As of 29 April 2025, the valuation grade for Zynex, Inc. has moved from expensive to risky, indicating a deterioration in its perceived value. The company appears to be overvalued given its negative financial metrics, with a Price to Book Value of 3.30, an EV to EBIT of -14.15, and an EV to Sales ratio of 0.63. In comparison, peers such as CareDx, Inc. have a very attractive valuation with a P/E of -27.9089, while Organogenesis Holdings, Inc. is also risky with a P/E of 608.5864, highlighting Zynex's struggles within its industry.<BR><BR>The stock has significantly underperformed against the S&P 500, with a year-to-date return of -80.65% compared to the index's 12.22%. This stark contrast reinforces the notion that Zynex is currently overvalued, as its financial performance does not support its market price.

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Is Zynex, Inc. technically bullish or bearish?

20-Sep-2025

As of August 1, 2025, Zynex, Inc. is in a bearish trend with weak strength indicators, significantly underperforming the S&P 500 with year-to-date and one-year returns of -80.65% and -81.05%, respectively.

As of 1 August 2025, the technical trend for Zynex, Inc. has changed from mildly bearish to bearish. The current stance is bearish with weak strength indicated by the daily moving averages and the weekly KST being bearish. The MACD shows a mildly bullish signal on the weekly timeframe but is bearish on the monthly, which adds to the mixed signals. The Bollinger Bands and OBV are also indicating bearish trends. <BR><BR>In terms of performance, Zynex has significantly underperformed compared to the S&P 500, with a year-to-date return of -80.65% versus the S&P 500's 12.22%, and a one-year return of -81.05% compared to 17.14% for the index.

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iScoreScore
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Strong Sell
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Dashboard
1

The company has declared negative results for the last 9 consecutive quarters

  • PRE-TAX PROFIT(Q) At USD -11.12 MM has Fallen at -336.56%
  • OPERATING CASH FLOW(Y) Lowest at USD -7.19 MM
  • INTEREST(HY) At USD 1.54 MM has Grown at 34.59%
2

Risky - Negative EBITDA

3

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Pharmaceuticals & Biotechnology

stock-summary
Market cap

USD 46 Million (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

36.51

stock-summary
Return on Equity

-2,272.96%

stock-summary
Price to Book

36.52

Revenue and Profits:
Net Sales:
22 Million
(Quarterly Results - Jun 2025)
Net Profit:
-20 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-30.87%
0%
-30.87%
6 Months
-51.87%
0%
-51.87%
1 Year
-87.33%
0%
-87.33%
2 Years
-88.61%
0%
-88.61%
3 Years
-92.54%
0%
-92.54%
4 Years
-90.44%
0%
-90.44%
5 Years
-92.39%
0%
-92.39%

Zynex, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
19.08%
EBIT Growth (5y)
-209.54%
EBIT to Interest (avg)
11.53
Debt to EBITDA (avg)
0.46
Net Debt to Equity (avg)
1.89
Sales to Capital Employed (avg)
1.92
Tax Ratio
27.23%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
34.29%
ROCE (avg)
25.44%
ROE (avg)
16.21%
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
3.30
EV to EBIT
-14.15
EV to EBITDA
-37.85
EV to Capital Employed
1.80
EV to Sales
0.63
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-12.70%
ROE (Latest)
-35.68%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 39 Schemes (19.79%)

Foreign Institutions

Held by 55 Foreign Institutions (4.28%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is -16.17% vs -42.17% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is -92.31% vs -1,633.33% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "22.30",
          "val2": "26.60",
          "chgp": "-16.17%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-9.30",
          "val2": "-12.00",
          "chgp": "22.50%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.80",
          "val2": "0.70",
          "chgp": "14.29%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-20.00",
          "val2": "-10.40",
          "chgp": "-92.31%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-461.30%",
          "val2": "-492.80%",
          "chgp": "3.15%",
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        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 4.40% vs 16.50% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is -69.07% vs -42.94% in Dec 2023",
        "dir": -1
      }
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    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
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          "field": "Net Sales",
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          "field": "Interest",
          "val1": "2.40",
          "val2": "1.10",
          "chgp": "118.18%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "2.90",
          "chgp": "-100.00%",
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          "field": "Consolidate Net Profit",
          "val1": "3.00",
          "val2": "9.70",
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          "chgp_class": "negative"
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          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "58.50%",
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          "chgp_class": "negative"
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Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQstock-summary
Jun'25
Mar'25
Change(%)
Net Sales
22.30
26.60
-16.17%
Operating Profit (PBDIT) excl Other Income
-9.30
-12.00
22.50%
Interest
0.80
0.70
14.29%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-20.00
-10.40
-92.31%
Operating Profit Margin (Excl OI)
-461.30%
-492.80%
3.15%
USD in Million.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Jun 2025 is -16.17% vs -42.17% in Mar 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Jun 2025 is -92.31% vs -1,633.33% in Mar 2025

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
192.40
184.30
4.40%
Operating Profit (PBDIT) excl Other Income
10.80
15.00
-28.00%
Interest
2.40
1.10
118.18%
Exceptional Items
0.00
2.90
-100.00%
Consolidate Net Profit
3.00
9.70
-69.07%
Operating Profit Margin (Excl OI)
31.10%
58.50%
-2.74%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 4.40% vs 16.50% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -69.07% vs -42.94% in Dec 2023

stock-summaryCompany CV
About Zynex, Inc. stock-summary
stock-summary
Zynex, Inc.
Pharmaceuticals & Biotechnology
Zynex, Inc. manufactures and markets medical devices that treat chronic and acute pain, as well as activate and exercise muscles for rehabilitative purposes with electrical stimulation. The Company operates through medical devices segment, which include electrotherapy and pain management products. The Company conducts its business through its subsidiaries and the operating subsidiary is Zynex Medical, Inc. (ZMI). The Company’s devices are intended for pain management to reduce reliance on drugs and provide rehabilitation and mobility through the utilization of non-invasive muscle stimulation, electromyography technology, interferential current (IFC), neuromuscular electrical stimulation (NMES) and transcutaneous electrical nerve stimulation (TENS). The Company's devices are small, portable, battery-operated and include an electrical pulse generator that is connected to the body via electrodes.
Company Coordinates stock-summary
Company Details
9555 MAROON CIRCLE , ENGLEWOOD CO : 80112
stock-summary
Tel: 1 303 86739041 800 4956670
stock-summary
Registrar Details