Zynex Inc. (ZYXI)

[ghmm]

Don't know who put together the board info but provides a nice summary. I've owned a few shares for about a year now.

I was glad to see the company didn't do a big financing to dramatically increase the sales force (one of the good things with Mr. Sandgaard owning most of the equity) and the stock price being pretty depressed.

The (relatively) recent sales force additions should continue to drive the revenue growth but I've noticed the 4th quarters have tended to drop off. I am ready to add should that happen again (though mid 20's is pretty cheap for the few thousand shares that have traded there). I think we are now selling at a pretty cheap level (on a multiple of sales). It would be nice to obviously become more profitable but to me can't see a big drop off in sales coming (based on history) and it doesn't look like Mr. Sandgaard is going to dilute at these levels so the risk should be minimal at current prices.

Unless the sales force is taking a while to become more productive it seems the profitability will not grow dramatically (based on past quarter). Wonder if the company would consider doing something to partner (particularly overseas). If you get a bigger device company pushing the neuro-move perhaps a nice royalty would be a quicker way to some nice profitability? Just a thought.

Curious if anyone has talked to Mr. Sandgaard directly. If so any opinions? TIA