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Zynex, Inc. (ZYXI) CEO Thomas Sandgaard on Q2 2021 Results - Earnings Call Transcript

Jul. 29, 2021 9:43 PM ETZynex, Inc. (ZYXI)2 Comments
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Zynex, Inc. (NASDAQ:ZYXI) Q2 2021 Results Conference Call July 29, 2021 4:15 PM ET

Company Participants

Thomas Sandgaard - President and Chief Executive Officer

Daniel Moorhead - Chief Financial Officer

Conference Call Participants

Jeffrey Cohen - Ladenburg Thalmann

Yi Chen - HC Wainwright

Marc Wiesenberger - BRiley FBR

James Terwilliger - Northland Capital Markets


Good day, and welcome to the Zynex 2021 Second Quarter Earnings Call. All participants will be in a listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions].

Certain statements in this release are forward-looking and, as such, are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Risk factors that could cause actual results to materially differ from forward-looking statements are described in our filings with the Securities and Exchange Commission, including the Risk Factors section of our annual report on Form 10-K for the year ended December 31, 2020, as well as Forms 10-Q and 8-K, press releases in the Company’s Web site. Please note this event is being recorded.

I would now like to turn the conference over to Thomas Sandgaard, Founder, Chairman and Chief Executive Officer. Please go ahead, sir.

Thomas Sandgaard

Good afternoon. My name is Thomas Sandgaard, President and CEO of Zynex. Welcome to our 2021 second quarter earnings call. I’m excited to announce yet another quarter of revenue growth and positive net income.

Our second quarter revenue of $31 million is the highest quarterly revenue in this Company’s history and increased 61% compared to the same quarter last year. We continue to see good auto flow as the economy returns to normal, and second quarter orders came in 247% higher than Q2 of last year and 11% sequentially compared to the first quarter of this year.

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