ENGLEWOOD, Colo., Nov. 17,
2022 /PRNewswire/ -- Zynex, Inc. (NASDAQ:
ZYXI), an innovative medical technology company specializing
in the manufacture and sale of non-invasive medical devices for
pain management, rehabilitation, and patient monitoring, today
announced it has been ranked 416th in revenue growth
among all companies in the U.S. and Canada for revenue growth between 2018 and
2021 on Deloitte's Technology Fast 500. Zynex's revenues grew 308%
over that period, with 2021 revenue reaching $130.3 million. The company estimates 2022
revenue between $157.4 and
$160.4 million. The 2022 Deloitte
Technology Fast 500 list can be found at www.fast500.com.
"We are honored by the recognition of Zynex's revenue growth by
Deloitte's Technology Fast 500 for the fourth year in a row," said
Thomas Sandgaard, CEO and founder of
Zynex Inc. "I am extremely proud of our team's
accomplishments in driving revenue growth year-after-year, and
believe this distinguished award reflects our commitment to long
term market share gains and strategic goal execution."
"This year's Technology Fast 500 list is a true reflection of
some of today's most determined and inspiring pioneers who have
prospered by anticipating what's next, understanding what's needed
to succeed and driving creativity forward," said Christie Simons, partner, Deloitte & Touche
LLP and industry leader for technology, media and
telecommunications within Deloitte's audit & assurance
practice. "Representing all facets of technology, the winners have
shown they not only have the vision but can also expertly manage
their companies through rapid growth. We congratulate each winner
on their and impressive achievements."
About Deloitte's 2022 Technology Fast 500™
Now in its 28th year, the Deloitte Technology Fast
500 provides a ranking of the fastest-growing technology, media,
telecommunications, life sciences, fintech, and energy tech
companies — both public and private — in North America. Technology Fast 500 award
winners are selected based on percentage fiscal year revenue growth
from 2018 to 2021.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company's operating revenues. Companies must have base-year
operating revenues of at least $50,000, and current-year operating revenues of
at least $5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North
America.
About Zynex, Inc.
Zynex, founded in 1996, develops, manufactures, markets, and
sells medical devices used for pain management and rehabilitation
as well as non-invasive fluid, sepsis, and laser-based pulse
oximetry monitoring systems for use in hospitals. For additional
information, please visit: www.zynex.com.
About Deloitte
Deloitte provides industry-leading
audit, consulting, tax and advisory services to many of the world's
most admired brands, including nearly 90% of the Fortune 500® and
more than 7,000 private companies. Our people come
together for the greater good and work across the industry
sectors that drive and shape today's marketplace — delivering
measurable and lasting results that help reinforce public trust in
our capital markets, inspire clients to see challenges as
opportunities to transform and thrive, and help lead the way toward
a stronger economy and a healthier society. Deloitte is proud to be
part of the largest global professional services network serving
our clients in the markets that are most important to them.
Building on more than 175 years of service, our network of member
firms spans more than 150 countries and territories. Learn how
Deloitte's approximately 415,000 people worldwide connect for
impact at www.deloitte.com.
Contact: Zynex, Inc. (800) 495-6670
Investor Relations Contact:
Gilmartin Group
650 Fifth Ave., Suite 2720
New York, NY
10019 ir@zynex.com
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SOURCE Zynex