NASDAQ$ZLAB

Zai Lab Limited-ADR · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Zai Lab reported strong revenue growth driven by ZEJULA, Optune and QINLOCK, and entered into strategic collaborations with Mirati, MacroGenics and Schrödinger.

Zai Lab Limited announced financial results for the second quarter of 2021, reporting net product revenues of $36.9 million, compared to $11.0 million for the same period in 2020. The company reported a net loss of $163.3 million, or a loss per share attributable to common stockholders of $1.76.

  • Launched QINLOCK, the first product in what Zai Lab hopes will become a world-class gastric cancer franchise, in China.
  • Generated strong revenue growth from ZEJULA and Optune.
  • Entered into strategic collaborations with Mirati, MacroGenics and Schrödinger to further strengthen disease strongholds in oncology and global pipeline.
  • Anticipate achieving multiple regulatory milestones across product pipeline throughout 2021.

Headline financials

Total Revenue

$36.9M

No prior period
EPS (adj)

-$1.76

No prior period
Capital Expenditures

-$5.65M

No prior period
Free Cash Flow

-$169M

No prior period
Net Income

-$163M

No prior period
Operating Income

-$171M

No prior period
Gross Profit

$26.1M

No prior period
Cash & Equivalents

$1.77B

No prior period
Total Assets

$1.9B

No prior period
Stock-Based Comp

$10.2M

No prior period

Revenue & EPS history

Zai Lab · Revenue · Quarterly

$36.9M

Q2 2021
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Revenue by segment

Zai Lab · $52M total across 3 segments · Q3 2023

  • ZEJULA
    $41.6M+6.1%
  • NUZYRA
    $5.5M+266.7%
  • VYVGART franchise
    $4.9M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.5%

Avg return

30 days after

45%

13 / 29 earnings

Positive

+26.0%

Q1 2024

Best reaction

-11.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.9%-7.0%-20.9%
Q4 2025+1.7%-8.6%-7.2%
Q3 2025-6.4%-11.3%-21.4%
Q1 2025+2.5%+0.9%+34.4%
Q4 2024-2.0%-3.1%+6.3%
Q3 2024-3.7%-13.0%-14.1%
Q2 2024-5.6%-7.8%+11.3%
Q1 2024+26.0%+29.0%+19.9%
Q4 2023-0.9%+0.5%-23.7%
Q3 2023+7.4%+0.9%-1.5%
Q2 2023-11.2%-5.4%+3.5%
Q1 2023+1.4%-9.3%-24.2%
Q4 2022-0.6%+7.3%-10.5%
Q3 2022+1.9%+23.9%+18.7%
Q2 2022-5.0%-6.2%-8.0%
Q1 2022-2.1%+30.0%+5.6%
Q4 2021-4.0%-26.0%-19.6%
Q3 2021+0.7%-2.3%-22.3%
Q2 2021+0.6%+0.9%+0.4%
Q1 2021-5.1%-3.3%+8.3%
Q4 2020+0.3%-7.0%-9.6%
Q4 2019-1.4%-2.7%+17.0%
Q1 2020-8.7%+3.1%+18.3%
Q2 2019+4.3%+4.1%-4.0%
Q1 2019+3.7%+6.7%-9.7%
Q4 2018+10.4%+10.4%+1.6%
Q3 2018+6.7%+13.6%+13.1%
Q4 2017-5.3%-8.8%+22.8%
Q3 2017-2.2%-0.6%+0.3%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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