NEW YORK - April 22, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Zynex, Inc. (“Zynex” or the “Company”) (NASDAQ: ZYXI) on behalf of investors that purchased or otherwise acquired Zynex securities between March 13, 2023 and March 11, 2025 (the “Class Period”).
If you are an investor in Zynex and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than May 19, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the complaint, on March 11, 2025, after the markets closed, Zynex reported their fourth quarter and full year financial results. The Company revealed a significant revenue “shortfall” in the quarter “due to slower than normal payments from certain payers.” The Company also revealed that Tricare, a health insurance program for the U.S. Military, “has temporarily suspended payments as they review prior claims.”
Following this news, the price of Zynex stock fell $3.59 per share, over 51%, to close at $3.41 per share on March 12, 2025.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (1) Zynex shipped products, including electrodes, in excess of need; (2) as a result of this practice, the Company inflated its revenue; (3) Zynex's practice of filing false claims drew scrutiny from insurers, including Tricare; and (4) as a result, it was reasonably likely that Zynex would face adverse consequences, including removal from insurer networks and penalties from the federal government.
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If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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