ZYNEX INC

Zynex, Inc. is a medical technology company that designs, manufactures, and markets medical devices. The company was founded in 1996 by Thomas Sandgaard and is the parent company of two active subsidiaries: Zynex Medical, Inc. (ZMI) and Zynex Monitoring Solutions, Inc. (ZMS). Substantially all of the company's consolidated revenue in 2024 and 2023 was attributable to ZMI. Zynex, Inc. is headquartered in Englewood, Colorado. Zynex Medical, Inc. (ZMI) focuses on medical devices for treating chronic and acute pain, and for activating and exercising muscles for rehabilitation using electrical stimulation. These devices aim to manage pain, reduce reliance on medications, and improve mobility through non-invasive muscle stimulation, electromyography technology, interferential current (IFC), neuromuscular electrical stimulation (NMES), and transcutaneous electrical nerve stimulation (TENS). All medical devices are designed for patient-friendly home use, are small, portable, battery-operated, and include an electrical pulse generator connected to the body via electrodes. These devices are marketed in the U.S., are subject to FDA regulation and clearance, and require a physician's prescription. The primary product is the NexWave device, marketed to physicians and therapists by field sales representatives. The NexWave requires consumable supplies like electrodes and batteries, which are shipped to patients as needed. ZMI also distributes private labeled rehabilitation products, including back, knee, and wrist braces, cervical and lumbar traction, and hot/cold therapy. These products complement the pain management offerings, require a prescription, and are covered by most insurance plans and Medicare. ZMI also designs, manufactures, and markets the NeuroMove product.