Zynex: Abusive Pricing Model Unsustainable [Seeking Alpha]
Zynex, Inc. (ZYXI)
NASDAQ:AMEX Investor Relations:
zynexmed.com/ir-overview
Company Research
Source: Seeking Alpha
Zynex: Abusive Pricing Model Unsustainable Summary Zynex shares are up ~100x since late 2016 as retail investors buy into a story of rapid revenue and earnings growth. However, we believe Zynex is dependent on an abusive pricing strategy - reselling regular consumer batteries and electrodes at ~90% margins. Even slightly lower margins on these commodities would eliminate net income, suggesting how vulnerable the stock is here. We find it difficult to back into Zynex’s stated revenue per device. We've reported our concerns to Centers for Medicare and Medicaid Services, private insurers, and publications. On the surface, Zynex’s (NASDAQ: ZYXI Specifically, we calculate that, on each device, Zynex is collecting an average of $1,200 for non-proprietary batteries and electrodes, over the average 6 to 9-month life of a device. Using the standard Medicare fee schedule and allowing for higher rates from commercial insurers, we can't approximate this figure. We notified Zynex of our concern th
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ZYXI
News
- A Note On Zynex, Inc.'s (NASDAQ:ZYXI) ROE and Debt To Equity [Yahoo! Finance]Yahoo! Finance
- Zynex, Inc. (NASDAQ: ZYXI) had its price target raised by analysts at HC Wainwright from $16.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- Zynex, Inc. (ZYXI) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Zynex Reports Third Quarter 2024 Financial ResultsPR Newswire
- Zynex Sets Third Quarter 2024 Earnings CallPR Newswire
ZYXI
Sec Filings
- 11/18/24 - Form 4
- 11/13/24 - Form 4
- 11/6/24 - Form 4
- ZYXI's page on the SEC website