The report also indicated that insurers were "kicking the company out of network." The truth allegedly emerged on March 11, 2025, when Zynex reported its dismal Q4 and FY 2024 financial results. The complaint highlights Zynex CEO Thomas Sandgaard's attributing the fourth-quarter revenue shortfall to "slower than normal payments from certain payers" and the Tricare payment suspension. Hagens Berman's Investigation Hagens Berman is investigating the alleged claims."We are examining Zynex's financial reporting and business practices. We believe investors deserve a complete and transparent understanding of these events," said Reed Kathrein, the Hagens Berman Partner leading the firm's probe.