Zynex Inc (ZYXI) has disclosed a new risk, in the Debt & Financing category.
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Zynex Inc. faces a financial risk with its $60 million in convertible senior notes that, if converted, could impact liquidity as the company may need to settle these obligations in cash. The conversion option available to note holders during specific periods could dilute Zynex’s operating results by necessitating substantial cash outflows. Moreover, the potential reclassification of these notes from long-term to current liabilities, in line with accounting standards, could significantly reduce the company’s reported net working capital, thus potentially affecting its financial stability.
The average ZYXI stock price target is $18.00, implying 41.84% upside potential.
To learn more about Zynex Inc’s risk factors, click here.