Zynex Inc. (ZYXI): I just came up with a ZYNX Q4 estimate o...

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MikeDDKing

Re: cleverrox post# 876

Monday, 11/05/2007 11:03:38 AM

Monday, November 05, 2007 11:03:38 AM

I just came up with a ZYNX Q4 estimate of $0.055/share. I'm assuming that revenue will grow at the same percentage as orders have grown. I used a starting revenue estimate for Q3 of $2,142,000. I am assuming that orders for Q4 will be in the range of 4,400 to 5,500. I picked 4,900 as my actual estimate which would be a 76.4% increase from Q3. Here are the details of my estimate:

Revenue                    $3,778,488 
 Gross Profit (GM of 88.3%)  3,336,405 
  
 SG&A                        1,000,000 
 Depreciation                   70,000 
 Interest & Other               70,000 
  
 Income before tax           2,196,405 
 Tax @ 30%                     658,922 
 Net Income                  1,537,483

Using a share count of 28M shares I get an EPS of $0.055.

I will update my estimate after the Q3 report will come out. There are a lot of variables in the estimate above so this is far from precise.

Mike