ZYXIQ · ZYNEX INC
Going-concern doubt
— flagged Nov 17, 2025
Substantial doubt about the company's ability to continue as a going concern.
“Because certain elements of management's plans to mitigate the conditions that raised substantial doubt about the Company's ability to continue as a going concern are outside of the Company's control, including the ability to raise capital through an equity or other financing, those elements cannot be considered probable according to ASC 205-40, and therefore cannot be considered in the evaluation of mitigating factors. As a result, management has concluded that substantial doubt exists about the Company's ability to continue as a going concern for 12 months from the date the unaudited condensed consolidated financial statements are issued.”View the 10-Q filed Nov 17, 2025
Market Cap
$1.69M
Shares
30.39M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Thomas Sandgaard | President, Chief Executive Officer And Chairman | $1,358,833 |
| Daniel J. Moorhead | Chief Financial Officer | $821,173 |
| Anna Lucsok | Chief Operating Officer | $600,332 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Anna Lucsok | Chief Operating Officer | $1,815,615 |
| Thomas Sandgaard | President, Chief Executive Officer And Chairman | $988,351 |
| Daniel J. Moorhead | Chief Financial Officer | $987,257 |
| Giuseppe Papandrea | Former Chief Operating Officer | $311,686 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Thomas Sandgaard | President, Chief Executive Officer And Chairman | $1,347,953 |
| Daniel J. Moorhead | Chief Financial Officer | $1,288,045 |
| Giuseppe Papandrea | Former Chief Operating Officer | $821,840 |
| Anna Lucsok | Chief Operating Officer | $170,891 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Giuseppe Papandrea | Former Chief Operating Officer | $1,901,890 |
| Daniel J. Moorhead | Chief Financial Officer | $727,782 |
| Thomas Sandgaard | President, Chief Executive Officer And Chairman | $526,532 |
| Anna Lucsok | Chief Operating Officer | $144,634 |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Thomas Sandgaard | President, Chief Executive Officer And Chairman | $1,085,475 |
| Daniel J. Moorhead | Chief Financial Officer | $404,175 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Steven Dyson | Chair of the Board | Appointed | 2026-01-23 |
| Anna Lucsok | Chief Commercial Officer | Resigned | 2025-10-31 |
| Anna Lucsok | Chief Commercial Officer | Resigned | 2025-10-14 |
| Thomas Sandgaard | Chief Executive Officer | Retired | 2025-10-14 |
| Bret W. Wise | Director | Appointed | 2025-10-14 |
| Anna Lucsok | Chief Commercial Officer | Appointed | 2025-09-22 |
| Dan Moorhead | Chief Financial Officer | Resigned | 2025-08-20 |
| John Bibb | Chief Legal Officer and Secretary | Appointed | 2025-08-20 |
| Vikram Bajaj | Chief Financial Officer and Treasurer | Appointed | 2025-08-20 |
| Dan Moorhead | Chief Financial Officer | Resigned | 2025-07-29 |
| Thomas Sandgaard | Chief Executive Officer | Retired | 2025-07-02 |
| Steven Dyson | Chief Executive Officer | Appointed | 2025-07-02 |