Zynex Confirms Revenue Guidance for the Fourth Quarter and Year 2021
January 18, 2022 at 09:00 am EST
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Zynex confirmed revenue guidance for the fourth quarter and year 2021. The company's confirming its previous revenue estimate for the fourth quarter of 2021 of between $40.0 and $43.0 million.
The Company's full year 2021 revenue estimate is currently between $130.0 and $133.0 million. The revenue estimate is approximately 62% to 66% above last year's full year revenue of $80.1 million.
Zynex, Inc. develops, manufactures, markets and sells medical devices used for pain management and rehabilitation, as well as non-invasive fluid, sepsis and laser-based pulse oximetry monitoring systems for use in hospitals. The Companyâs devices are intended for pain management to reduce reliance on medications and provide rehabilitation and increased mobility through the utilization of non-invasive muscle stimulation, electromyography technology, interferential current, neuromuscular electrical stimulation and transcutaneous electrical nerve stimulation. The Companyâs products include Zynex Medical Products, which includes NexWave, NeuroMove, InWave, E-Wave and M-Wave; Private Labeled Supplies, which includes Electrodes and Batteries; Distributed Complementary, which includes Comfortrac/Saunders, JetStream/Pain Management Technologies, LSO Back Braces and Bracing, and Zynex Monitoring Solutions Products, which includes CM-1500, CM-1600, NiCO CO-Oximeter and HemeOx tHb Oximeter.
ZYNEX, INC. 
