Zynex, Inc. (ZYXI) Financial Statements (2024 and earlier)

Company Profile

Business Address 9655 MAROON CIRCLE
ENGLEWOOD, CO 80112
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,14442,61239,17314,04010,1285,565
Cash and cash equivalents20,14442,61239,17314,04010,1285,565
Short-term investments      
Receivables35,06328,63213,8375,8332,7912,185
Inventory, net of allowances, customer advances and progress billings13,48410,7568,6352,378837423
Inventory13,48410,7568,6352,378837423
Prepaid expense      198
Other undisclosed current assets8686891,378315570 
Total current assets:69,55982,68963,02322,56614,3268,371
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization270389321180
Operating lease, right-of-use asset12,84116,3385,9933,831
Property, plant and equipment2,1752,1861,925858819188
Intangible assets, net (including goodwill)29,46830,376    
Goodwill20,40120,401    
Intangible assets, net (excluding goodwill)9,0679,975    
Deposits noncurrent assets591585347329314370
Deferred income tax assets1,562711566513
Deferred tax assets, net725 
Total noncurrent assets:46,90750,5859,1525,7111,858558
TOTAL ASSETS:116,466133,27472,17528,27716,1848,929
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,6014,7394,7172,1331,5522,243
Interest and dividends payable3,629 82,270 
Taxes payable2,29628052688 
Employee-related liabilities3,8972,9921,748908538
Accrued liabilities7,548     
Other undisclosed accounts payable and accrued liabilities(1,947)(5,083)1,445325(2,314)1,705
Debt10,7945,333771,256 354
Deferred rent credit     57
Other undisclosed current liabilities4,69112,7995,3231,8084,7461,418
Total current liabilities:21,08622,87110,1175,1976,3554,015
Noncurrent Liabilities
Long-term debt and lease obligation5,48116,1735,2033,427  
Long-term debt, excluding current maturities5,293     
Finance lease, liability188317283145
Liabilities, other than long-term debt13,541   53112
Accounts payable and accrued liabilities      12
Deferred rent credit     531
Operating lease, liability13,54115,8564,9203,282
Other undisclosed noncurrent liabilities 10,0004,449(4,920)   
Total noncurrent liabilities:29,02236,4785,2033,42753112
Total liabilities:50,10859,34915,3208,6246,8864,027
Equity
Equity, attributable to parent66,35873,92556,85519,7429,3874,991
Common stock394136343433
Treasury stock, value(33,160)(6,513)(3,846)(3,846)(3,675)(243)
Additional paid in capital82,43180,39737,2359,1988,1577,612
Retained earnings (accumulated deficit)17,048 23,43014,3564,871(2,411)
Equity, attributable to noncontrolling interest    (89)(89)(89)
Total equity:66,35873,92556,85519,6539,2984,902
TOTAL LIABILITIES AND EQUITY:116,466133,27472,17528,27716,1848,929

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues158,167130,30180,12245,47231,91723,432
Revenue, net23,432
Cost of revenue
(Cost of Goods and Services Sold)
(32,005)(27,321)(17,417)(8,814)(6,038)(4,819)
Gross profit:126,162102,98062,70536,65825,87918,613
Operating expenses(103,224)(80,614)(52,456)(25,592)(15,509)(9,669)
Operating income:22,93822,36610,24911,06610,3708,944
Nonoperating income (expense)(740)(95)(96)875(154)(1,450)
Investment income, nonoperating  (77)   
Interest and debt expense(36)(41)(20)(5)(154)(1,450)
Other undisclosed income from continuing operations before equity method investments, income taxes   2051541,450
Income from continuing operations before equity method investments, income taxes:22,16222,23010,15311,94110,2167,494
Other undisclosed income from continuing operations before income taxes3641    
Income from continuing operations before income taxes:22,19822,27110,15311,94110,2167,494
Income tax expense(5,150)(5,168)(1,079)(2,449)(664)(129)
Income from continuing operations:17,04817,1039,0749,4929,5527,365
Income before gain (loss) on sale of properties:17,1039,0749,4929,5527,365
Net income available to common stockholders, diluted:17,04817,1039,0749,4929,5527,365

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:17,04817,1039,0749,4929,5527,365
Comprehensive income, net of tax, attributable to parent:17,04817,1039,0749,4929,5527,365

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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