Zynex Inc. (ZYXI)

[petermic]

thanks Mike:

I see I missed the $189k. Thanks for the correction.

I have to be cautious on that cash generation though. Except for the rise in taxes owed, they would have lost cash this Q.

So I have to wonder about that gigantic buildup in receivables. Combining that with my lack of understanding of why 50% operating margins are sustainable, this is a definite stay-away.

What makes their product so special that they can charge so much? With 50% margins, competitors should flood in unless there's a deep moat here.

And though I have no specific reason to suspect any funny business here, some of these aspects are similar to scammy companies which report high EPS but aren't REALLY making anything.

Anyway, appreciate the reply.

Peter