An investigation on behalf of investors in Zynex, Inc. (NASDAQ:ZYXI) shares over potential wrongdoing at Zynex, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 06/12/2023 -- Certain directors of Zynex, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Zynex, Inc. (NASDAQ: ZYXI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Zynex, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Englewood, CO based Zynex, Inc., through its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pain; and activate and exercise muscles for rehabilitative purposes with electrical stimulation. Zynex, Inc. reported that its annual Total Revenue rose from $80.12 million in 2020 to $130.3 million in 2021, and that its Net Income increased from $9.07 million in 2020 to $17.1 million in 2021.
On March 6, 2023, Zynex postponed the release of its fourth quarter and full year financial results.
Shares of Zynex, Inc. (NASDAQ: ZYXI) declined from over $17 per share in January 2023 to $9.34 per share on March 07, 2023.
Those who purchased shares of Zynex, Inc. (NASDAQ: ZYXI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.