Zynex: Order Growth, Already At +140%, Is Set To Accelerate

  • Order growth, and with it revenue growth, will accelerate again after already raking up a 140% growth in Q1.
  • Salesforce productivity has a lot of upside; with hiring slowing down and even halting in H1 2020, profitability will recover.
  • Lowering inventories and other cost and a $10M buyback program are additional positives.
  • New devices are getting ready to sell as well, although it remains to be seen how fast they can ramp.
  • Stock valuation has come down significantly, and the shares can be bought under $15 with a favorable risk/reward situation.
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