Zynex Announces Inclusion in MSCI USA Small Cap Index

Rhea-AI Summary

Zynex, Inc. (NASDAQ: ZYXI) announced its inclusion in the MSCI USA Small Cap Index, effective after market close on February 28, 2023. This inclusion is seen as a significant milestone, enhancing Zynex's visibility among investors. The MSCI USA Small Cap Index includes 1,935 constituents, representing approximately 14% of the U.S. equity market's free float-adjusted capitalization, and is widely utilized by investment managers for index funds and benchmarks. CEO Thomas Sandgaard expressed delight at the inclusion, highlighting the potential to raise awareness about Zynex’s mission to improve quality of life for patients with debilitating conditions.

Positive

• Inclusion in the MSCI USA Small Cap Index, expected to enhance investor visibility.
• Potential for increased awareness and interest in Zynex's medical technology offerings.

Negative

• None.

ENGLEWOOD, Colo., Feb. 17, 2023 /PRNewswire/ -- Zynex, Inc. (NASDAQ: ZYXI), an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, rehabilitation, and patient monitoring, today announced that it is set to join the MSCI USA Small Cap Index according to the list of additions posted by MSCI on February 9, 2023. Inclusion in the index will take effect after the market close on February 28, 2023.

"We are delighted for Zynex to be included in the MSCI USA Small Cap Index as it marks another significant capital markets milestone," said Thomas Sandgaard, CEO and Founder of Zynex. "The inclusion will generate a broader awareness and enhance visibility of Zynex among the investor community as we continue our mission to improve the quality of life for patients suffering from debilitating pain or illness."

The MSCI USA Small Cap Index is designed to measure the performance of the small cap segment of the U.S. equity market. With 1,935 constituents, the index represents approximately 14% of the free float-adjusted market capitalization in the U.S. MSCI indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. For more information on the MSCI Index, please visit https://www.msci.com/our-solutions/indexes.

About Zynex, Inc.
Zynex, founded in 1996, develops, manufactures, markets, and sells medical devices used for pain management and rehabilitation as well as non-invasive fluid, sepsis, and laser-based pulse oximetry monitoring systems for use in hospitals. For additional information, please visit: www.zynex.com.

Safe Harbor Statement
This release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore you should not rely on any of these forward looking statements. The Company makes no express or implied representation or warranty as to the completeness of forward-looking statements or, in the case of projections, as to their attainability or the accuracy and completeness of the assumptions from which they are derived. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the need to obtain C.E. marking of new products, the acceptance of new products as well as existing products by doctors and hospitals, larger competitors with greater financial resources, the need to keep pace with technological changes, our dependence on the reimbursement for our products from health insurance companies, our dependence on third party manufacturers to produce our products on time and to our specifications, implementation of our sales strategy including a strong direct sales force, the impact of COVID-19 on the global economy and other risks described in our filings with the Securities and Exchange Commission including but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2021 as well as our quarterly reports on Form 10-Q and current reports on Form 8-K.

Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact: Zynex, Inc. (800) 495-6670
Investor Relations Contact:
Gilmartin Group
Investor Relations Counsel
ir@zynex.com

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SOURCE Zynex

FAQ

When does Zynex join the MSCI USA Small Cap Index?

Zynex will be included in the MSCI USA Small Cap Index after market close on February 28, 2023.

What is the significance of Zynex's inclusion in the MSCI Index?

The inclusion is a significant milestone that enhances Zynex's visibility among investors and may lead to greater interest in the company.

How many constituents are in the MSCI USA Small Cap Index?

The MSCI USA Small Cap Index consists of 1,935 constituents.

What does the MSCI USA Small Cap Index represent?

The MSCI USA Small Cap Index represents approximately 14% of the free float-adjusted market capitalization in the U.S. equity market.