ZYXI Earnings Prediction
The chart below shows how ZYXI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ZYXI sees a -0.24% change in stock price 10 days leading up to the earnings, and a +0.39% change 10 days following the report. On the earnings day itself, the stock moves by +2.40%. This data can give you a slight idea of what to expect for the next quarter's release.
ZYXI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
49.97M
0.10%
0.17%
Gross Margin
79.63%
-1.52%
-0.47%
Operating Margin
7.61%
-30.76%
70.63%
Net Margin
4.77%
-33.75%
95.49%
EPS
0.07
-30.00%
75.00%
No Data Available
ZYXI Earnings Analysis
ZYNEX INC Corporation (ZYXI.O) Earnings Conference Call
Positive
2024 Revenue Growth Projection: 1. Revenue Growth Expectation: Zynex anticipates 2024 net revenue to reach $200 million, representing a 9% increase compared to 2023, and over 50% growth from three years ago.
Order Growth Trend: 2. Order Growth: Orders increased by 13% year-over-year in Q3 2024, indicating a positive trend in demand despite a flat revenue quarter.
Sales Efficiency Improvement: 3. Increased Revenue per Sales Rep: Revenue per sales rep on an annualized basis in Q3 was $530,000, marking a 25% increase from Q3 2023, showcasing improved sales efficiency.
Cash Flow Improvement: 4. Strong Cash Position: Zynex generated $10 million in cash from operations in the first nine months of 2024, resulting in a cash balance of $37 million at the end of Q3, up from $31 million earlier in the year.
Product Portfolio Expansion: 5. Product Diversification: The NexWave private label rehab products accounted for over 31% of total orders in Q3, up from 25% in Q1, reflecting successful diversification of the product portfolio.
Negative
Device Revenue Decline: 1. Declining Device Revenue: Device revenue decreased to $14.9 million in Q3 2024 from $16.9 million in Q3 2023, indicating a significant drop due to slowing order growth.
Net Income Decline: 2. Decreased Net Income: Net income fell to $2.4 million in Q3 2024, down from $3.6 million in the same quarter last year, reflecting a decline in profitability.
Decline in Adjusted EBITDA: 3. Lower Adjusted EBITDA: Adjusted EBITDA decreased to $5.1 million in Q3 2024 compared to $7.3 million in Q3 2023, highlighting reduced operational efficiency.
Rising General and Administrative Costs: 4. Increased General and Administrative Expenses: G&A expenses rose to $15.3 million in Q3 2024 from $12.7 million in Q3 2023, primarily due to increased investments in Zynex Monitoring.
Stagnant Revenue Performance: 5. Flat Revenue Growth: Total net revenue was essentially flat at $50 million in Q3 2024 compared to $49.9 million in Q3 2023, indicating stagnation in revenue generation.
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ZYXI Earning Call Sentiment
Zynex, Inc. (ZYXI) Q3 2024 Earnings Call Transcript
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00:00
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ZYXI.O
1.22%Positive
The earnings call shows mixed signals. Revenue growth is positive, with record order numbers and product diversification. However, the flat net revenue and reduced device revenue, alongside increased G&A expenses, are concerning. The Q&A highlighted management's lack of clarity on strategic processes and no share repurchase, which may worry investors. Despite strong cash flow, regulatory risks and competitive pressures remain. Overall, the sentiment is neutral, with a slight lean towards concern due to mixed financial performance and unclear strategic direction.