A Business at a Glance
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ZYNEX INC
ZYXIQ
$273M
Mkt Cap
ZYNEX INC (ZYXIQ) has a 5-year average return on invested capital (ROIC) of 33.8%. This indicates strong capital allocation and a potential competitive advantage.
ZYNEX INC (ZYXIQ) has a market capitalization of $3M. It is classified as a small-cap stock.
Yes, ZYNEX INC (ZYXIQ) pays a dividend with a trailing twelve-month yield of 0.30%. The company also returns capital through share buybacks, with a buyback yield of 180.90%.
ZYNEX INC (ZYXIQ) operates in the Electromedical & Electrotherapeutic Apparatus industry, within the Healthcare sector.
ZYNEX INC (ZYXIQ) reported annual revenue of $192 million in its most recent fiscal year, based on SEC EDGAR filings.
ZYNEX INC (ZYXIQ) has a net profit margin of 1.6%. This is a modest margin.
ZYNEX INC (ZYXIQ) generated $12 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ZYNEX INC operates in the Electromedical & Electrotherapeutic Apparatus industry, Healthcare sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 108M | 192M | 184M | 158M | 130M | 80M |
| Net Income | -74M | 3.0M | 9.7M | 17M | 17M | 9.1M |
| EPS | $-2.44 | $0.09 | $0.27 | $0.44 | $0.44 | $0.24 |
| Free Cash Flow | -21M | 12M | 17M | 13M | 6.3M | -167K |
| ROIC | -1150.7% | 43.6% | 20.2% | 26.9% | 19.1% | 59.3% |
| Gross Margin | - | 79.5% | 79.2% | 79.8% | 79.0% | 78.3% |
| Debt/Equity | 0.00 | 0.43 | 0.62 | 0.48 | 0.22 | 0.13 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | - |
| Operating Income | -68M | 6.0M | 11M | 23M | 22M | 10M |
| Operating Margin | -62.8% | 3.1% | 5.8% | 14.5% | 17.2% | 12.8% |
| ROE | 0.0% | 7.3% | 17.3% | 24.3% | 23.1% | 23.7% |
| Shares Outstanding | 30M | 33M | 36M | 39M | 39M | 38M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 22M | 11M | 12M | 13M | 23M | 32M | 45M | 80M | 130M | 158M | 184M | 192M | 108M |
| Gross Margin | 62.4% | 55.4% | 57.6% | 73.6% | 79.4% | 81.1% | 53.8% | 78.3% | 79.0% | 79.8% | 79.2% | 79.5% | N/A |
| R&D | 754K | 394K | 256K | 300K | 100K | N/A | 600K | 800K | N/A | 7.1M | 9.2M | 12M | 12M |
| SG&A | 21M | 11M | 9.2M | 9.2M | 9.7M | N/A | 11M | 18M | N/A | 36M | 49M | 60M | 56M |
| EBIT | -7.6M | -5.7M | -2.5M | 640K | 8.9M | 10M | 11M | 10M | 22M | 23M | 11M | 6.0M | -68M |
| Op. Margin | -35.0% | -51.2% | -21.3% | 4.8% | 38.2% | 32.5% | 24.3% | 12.8% | 17.2% | 14.5% | 5.8% | 3.1% | -62.8% |
| Net Income | -7.3M | -6.2M | -2.9M | 69K | 7.4M | 9.6M | 9.5M | 9.1M | 17M | 17M | 9.7M | 3.0M | -74M |
| Net Margin | -33.6% | -55.8% | -25.0% | 0.5% | 31.4% | 29.9% | 20.9% | 11.3% | 13.1% | 10.8% | 5.3% | 1.6% | -68.4% |
| Non-Recurring | 251K | 2.0M | 0 | -22K | 0 | 0 | 185K | 0 | 0 | 0 | 39K | 19K | 19K |
| Returns on Capital | |||||||||||||
| ROIC | -57.8% | -63.3% | N/M | 12.9% | 98.4% | 103.3% | 149.3% | 59.3% | 19.1% | 26.9% | 20.2% | 43.6% | N/M |
| ROE | -86.2% | -336.8% | 112.3% | -1.8% | 147.6% | 101.8% | 65.2% | 23.7% | 23.1% | 24.3% | 17.3% | 7.3% | 0.0% |
| ROA | -33.8% | -50.9% | -53.9% | 1.8% | 113.1% | 49.6% | 39.9% | 18.1% | 12.8% | 13.7% | 7.7% | 2.3% | -163.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -382K | 961K | 341K | 1.8M | 8.3M | 9.4M | 6.3M | 818K | 6.9M | 14M | 18M | 13M | -21M |
| Free Cash Flow | -1.8M | 689K | 341K | 1.3M | 8.2M | 8.3M | 6.1M | -167K | 6.3M | 13M | 17M | 12M | -21M |
| Owner Earnings | -2.6M | -392K | -213K | 1.1M | 7.9M | 8.6M | 3.4M | -4.4M | 3.1M | 8.1M | 13M | 6.2M | -26M |
| CapEx | 1.4M | 272K | 0 | 452K | 87K | 1.1M | 160K | 985K | 609K | 418K | 1.2M | 578K | 431K |
| Maint. CapEx | 2.1M | 1.3M | 424K | 435K | 286K | 448K | 2.1M | 2.5M | 2.3M | 3.3M | 2.7M | 3.5M | 3.5M |
| Growth CapEx | 0 | 0 | N/A | 17K | 0 | 634K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.1M | 1.3M | 424K | 435K | 286K | 448K | 2.1M | 2.5M | 2.3M | 3.3M | 2.7M | 3.5M | 3.5M |
| CapEx/OCF | N/A | N/A | N/A | 12.8% | 1.1% | 11.5% | 2.5% | 120.4% | 8.8% | 3.0% | 6.8% | 4.5% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 2.3M | 0 | 1K | 3.6M | 3K | 9K | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | 1.0% | N/A | 0.0% | 1.1% | 0.0% | 0.0% | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 222K | 3.4M | 171K | 0 | 2.7M | 26M | 38M | 16M | 4.9M |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.2% | 3.9% | 0.1% | N/A | 0.8% | 4.9% | 9.7% | 5.7% | 180.9% |
| Stock-Based Comp | 133K | 93K | 130K | 200K | 66K | 370K | 820K | 2.7M | 1.6M | 2.3M | 2.3M | 3.0M | 2.1M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16K | 5.3M | 11M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 5.5M | -63K | 4.5M | -247K | -5.3M | 10K | -14M | -32M | 16M | 12M | -26M | -24M | 46M |
| Cash & Equiv. | 323K | 63K | 8K | 247K | 5.6M | N/A | 14M | 39M | N/A | 20M | 45M | 40M | 13M |
| Long-Term Debt | 15K | N/A | N/A | 0 | 0 | 10K | 145K | 283K | 11M | 5.3M | 11M | 789K | 640K |
| Debt/Equity | 1.20 | 0.00 | -1.13 | 0.00 | 0.05 | 0.00 | 0.01 | 0.13 | 0.22 | 0.48 | 0.62 | 0.43 | 0.00 |
| Interest Coverage | -12.5 | -10.6 | -4.9 | 1.8 | 6.2 | 864.2 | 2213.2 | 512.5 | 272.8 | 52.1 | 9.9 | 193.2 | 193.2 |
| Equity | 4.9M | -1.2M | -4.0M | -3.7M | 5.0M | 9.4M | 20M | 57M | 74M | 66M | 46M | 36M | -41M |
| Total Assets | 17M | 7.1M | 3.7M | 4.1M | 8.9M | 19M | 28M | 72M | 133M | 116M | 137M | 122M | 45M |
| Total Liabilities | 12M | 8.4M | 7.8M | 7.9M | 4.0M | 10.0M | 8.6M | 15M | 59M | 50M | 91M | 86M | 87M |
| Intangibles | 178K | 131K | 74K | 34K | 0 | N/A | N/A | N/A | 30M | 9.1M | 8.2M | 7.2M | 7.2M |
| Retained Earnings | -735K | -6.9M | -9.8M | -9.8M | -2.4M | 4.9M | 14M | 23M | N/A | 17M | 27M | 30M | -44M |
| Working Capital | 4.0M | -2.4M | -4.8M | -4.3M | 4.3M | 7.3M | 17M | 53M | 60M | 48M | 69M | 58M | -42M |
| Current Assets | 14M | 5.7M | 2.8M | 3.4M | 8.4M | 14M | 23M | 63M | 83M | 70M | 88M | 75M | 37M |
| Current Liabilities | 9.7M | 8.1M | 7.5M | 7.7M | 4.0M | 7.0M | 5.2M | 10M | 23M | 21M | 19M | 17M | 79M |
| Per Share Data | |||||||||||||
| EPS | -0.23 | -0.20 | -0.09 | 0.00 | 0.22 | 0.25 | 0.28 | 0.24 | 0.44 | 0.44 | 0.27 | 0.09 | -2.44 |
| Owner EPS | -0.08 | -0.01 | -0.01 | 0.04 | 0.24 | 0.23 | 0.10 | -0.12 | 0.08 | 0.21 | 0.35 | 0.19 | -0.86 |
| Book Value | 0.15 | -0.04 | -0.12 | -0.12 | 0.15 | 0.25 | 0.58 | 1.50 | 1.90 | 1.71 | 1.28 | 1.07 | -1.36 |
| Cash Flow/Share | -0.01 | 0.03 | 0.01 | 0.06 | 0.25 | 0.25 | 0.19 | 0.02 | 0.18 | 0.35 | 0.49 | 0.38 | -2.32 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.07 | N/A | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 31.7M | 31.0M | 32.3M | 31.3M | 33.5M | 37.5M | 33.9M | 37.8M | 38.9M | 38.7M | 36.0M | 33.3M | 30.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 13.5 | 9.1 | 28.4 | 50.8 | 20.5 | 31.5 | 40.3 | 91.2 | -0.0 |
| P/FCF | N/A | 5.5 | 34.9 | 6.9 | 11.1 | 10.5 | 39.9 | N/A | 55.4 | 40.4 | 23.7 | 22.5 | N/A |
| EV/EBIT | N/A | N/A | N/A | 16.3 | N/A | 8.4 | 24.4 | 45.0 | 16.4 | 23.9 | 41.8 | 55.4 | N/A |
| Price/Book | 1.1 | N/A | N/A | N/A | 20.0 | 9.3 | 13.7 | 8.1 | 4.8 | 8.1 | 8.5 | 7.6 | N/A |
| Price/Sales | 0.3 | 0.5 | 0.5 | 0.7 | 1.5 | 3.5 | 5.5 | 6.6 | 3.9 | 2.1 | 2.0 | 1.7 | 0.0 |
| FCF Yield | -32.7% | 16.5% | 2.6% | 12.8% | 8.2% | 9.6% | 2.3% | -0.0% | 1.8% | 2.5% | 4.2% | 4.4% | -769.0% |
| Market Cap | 5.5M | 4.2M | 13M | 10M | 100M | 87M | 270M | 461M | 351M | 538M | 393M | 273M | 2.7M |
| Avg. Price | 0.21 | 0.18 | 0.17 | 0.26 | 0.96 | 2.96 | 6.75 | 13.93 | 13.12 | 8.71 | 10.21 | 9.82 | 0.09 |
| Year-End Price | 0.16 | 0.12 | 0.37 | 0.29 | 2.70 | 2.32 | 7.24 | 12.18 | 9.04 | 13.88 | 10.89 | 8.21 | 0.09 |
ZYNEX INC passes 7 of 9 quality checks, indicating strong fundamentals.
The company's 5-year average ROIC is 33.8% with a gross margin of 79.1%. Total shareholder yield (dividends + buybacks) is 181.2%. At current prices, the estimated annualized return to fair value is +24.0%.
ZYNEX INC (ZYXIQ) has a debt-to-equity ratio of 0.43. This indicates a conservatively financed balance sheet.
ZYNEX INC (ZYXIQ) reported earnings per share (EPS) of $0.09 in its most recent fiscal year.
ZYNEX INC (ZYXIQ) has a return on equity (ROE) of 7.3%. This indicates moderate shareholder returns.
ZYNEX INC (ZYXIQ) has a 5-year average gross margin of 79.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for ZYNEX INC (ZYXIQ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ZYNEX INC (ZYXIQ) has a book value per share of $1.07, based on its most recent annual SEC filing.