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ZYXI.US
id: 1026

Zynex (ZYXI) Delay in Issuing Q4’22 and Full Year 2022 Results Case

  • On March 6, 2023, Zynex announced delay in release of its Q4 and full year financial results and conference call initially scheduled for March 6, 2023.

  • On it, $ZYXI fell 21%, losing $89M+ of shareholder value.

  • Investors may have grounds to suspect Zynex of withholding its financial information, which led to their losses.

On March 6, 2023, Zynex announced that the Company was postponing release of its fourth quarter and full year financial results and conference call initially scheduled for March 6, 2023 to allow additional time to complete its year-end closing procedures.

On this news, $ZYXI fell 21% and lost over $89 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Zynex was withholding its financial information, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.

Case Status
Inactive Investigation
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Other
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03/07/2023