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Zynex announces additional $10M buyback

Jun. 09, 2022 9:13 AM ETZYXIBy: Manshi Mamtora, CFA
  •  Zynex (ZYXI +0.8%) approved a program to buy back $10M of the company's common stock.
  • The program will commence on June 10, 2022 and is scheduled to terminate on June 9, 2023 or when the $10M buyback limit is reached.
  • Company expects to finance the purchases with existing cash balances, which is not expected to have a material impact on capital levels.
  • Company has ~41.6M shares issued and 38.5M shares outstanding as of June 8, 2022.

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