Zynex Inc (ZYXI) has disclosed a new risk, in the Litigation & Legal Liabilities category.
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Zynex Inc. faces significant business risks due to ongoing litigation and regulatory investigations that could materially impact its financial condition and operations. The company is embroiled in a securities fraud class action and shareholder derivative actions, alleging misleading statements and breaches of fiduciary duties by its executives. Additionally, Zynex is under investigation by the SEC and various government bodies, which could lead to severe penalties or operational restrictions. These legal challenges, regardless of their outcomes, could be costly, damage the company’s reputation, and divert management’s focus, thereby adversely affecting its business prospects.
Overall, Wall Street has a Hold consensus rating on ZYXI stock based on 1 Hold.
To learn more about Zynex Inc’s risk factors, click here.