Important Notice for Zynex, Inc. (ZYXI) Shareholders
New York, NY – The Gross Law Firm, a leading national shareholder rights law firm, issues this notice to inform shareholders of Zynex, Inc. (NASDAQ: ZYXI) about a potential securities class action. Shareholders who purchased ZYXI shares between January 1, 2022, and December 31, 2024, are encouraged to contact the firm regarding possible lead plaintiff appointment in this action.
Background on the Zynex, Inc. Class Action
The Gross Law Firm, along with co-counsel, alleges that during the class period, Zynex, Inc. made false and/or misleading statements and/or failed to disclose material adverse facts about the company’s business, operations, and financial condition. Specifically, the complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that:
- Defendants failed to disclose that Zynex was experiencing significant declines in sales and revenue due to competition and other factors;
- Defendants failed to disclose that the company’s financial statements for the periods in question were inaccurate and did not reflect the true financial condition of the company;
- Defendants failed to disclose that Zynex was experiencing significant customer concentration issues and was overly reliant on a few large customers for a significant portion of its revenue;
Effects on Individual Shareholders
If you purchased ZYXI shares during the class period and have suffered losses as a result, you may be eligible to participate in this action. The lead plaintiff will act on behalf of all other class members in the lawsuit. The lead plaintiff’s goal is to seek recovery on behalf of the class, maximizing shareholder value. The Gross Law Firm encourages shareholders to contact the firm as soon as possible with any information or documentation they may have related to their purchases of ZYXI shares during the class period. Shareholders may contact the firm by email at [email protected], by telephone at 888-223-7176, or by filling out the form on the firm’s website, www.grosslawfirm.com
Effects on the World
The potential impact of this class action on the broader financial market and the world at large is unclear at this time. However, if the allegations in the complaint are proven true, it could potentially lead to increased scrutiny of other publicly traded companies in the healthcare technology industry and beyond. It may also serve as a reminder to investors to carefully research companies before investing and to be aware of potential risks associated with customer concentration and financial reporting issues.
Conclusion
If you are a shareholder of Zynex, Inc. and purchased shares during the class period listed in the notice above, we encourage you to contact The Gross Law Firm to discuss your potential role in this action. The firm is dedicated to protecting the rights of shareholders and seeking recovery on their behalf. For more information, please visit the firm’s website or contact the firm directly.
The Gross Law Firm represents shareholders, investors, and consumers nationwide who have suffered financial losses due to securities fraud, breach of fiduciary duty, and other violations of state and federal laws. The firm has recovered billions of dollars for its clients and is committed to helping its clients recover the maximum compensation possible.
This notice is not a solicitation for an offer to file a claim, nor is it a solicitation for an offer to become a class member. The Gross Law Firm is not a plaintiff’s law firm. The firm is primarily involved in representing shareholders, investors, and consumers in securities fraud, antitrust, and consumer class actions. The attorneys at the firm have extensive experience in federal and state courts throughout the country and are committed to protecting the rights of their clients.
