Zynex, Inc. (NASDAQ: ZYXI)

This lawsuit is for anyone who acquired securities in Zynex, Inc. (NASDAQ: ZYXI) from March 13, 2023 through March 11, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company complied with all applicable laws but then by sending customers batteries for the customers’ medical devices that the customers did not want or need, as part a scheme to overbill insurers, resulting in both the overstatement of revenue and also insurers removing the Company from the insurers’ preferred network.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Zynex, Inc. (NASDAQ: ZYXI) from March 13, 2023 through March 11, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.