NASDAQ$ZLAB

Zai Lab Limited-ADR · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced second quarter 2022 financial results, highlighted by key pipeline milestones and continued revenue growth led by ZEJULA.

Zai Lab reported strong second-quarter results with continued revenue growth, particularly from ZEJULA. The company achieved key pipeline milestones, including the BLA acceptance of efgartigimod in China and positive topline results for the KarXT Phase 3 EMERGENT-2 trial. The company's cash position remains strong at $1.26 billion.

  • BLA acceptance of efgartigimod by China’s NMPA.
  • Positive topline results for the KarXT Phase 3 EMERGENT-2 trial.
  • Continued revenue growth led by ZEJULA.
  • Strong balance sheet with a cash position of $1.26 billion.

Headline financials

Total Revenue

$48.2M

Previous: $36.9M+30.4%
EPS (adj)

-$1.44

Previous: -$1.76+18.2%
Capital Expenditures

-$13.5M

Previous: -$5.65M-138.9%
Free Cash Flow

-$151M

Previous: -$169M+10.4%
Net Income

-$138M

Previous: -$163M+15.5%
Operating Income

-$98.7M

Previous: -$171M+42.1%
Gross Profit

$30.8M

Previous: $26.1M+18.0%
Cash & Equivalents

$681M

Previous: $1.77B-61.5%
Total Assets

$1.42B

Previous: $1.9B-25.1%
Stock-Based Comp

$14.2M

Previous: $10.2M+39.0%

Revenue & EPS history

Zai Lab · Revenue · Quarterly

$48.2M

Q2 2022+30.4%vs Q2 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Zai Lab · $35.4M total across 2 segments · Q2 2022

  • ZEJULA
    $34.1M+45.7%
  • NUZYRA
    $1.3M

Forward guidance

Zai Lab is on track to deliver its remaining 2022 corporate priorities, including an NDA submission to the NMPA for sulbactam-durlobactam, advancing ZL-1102 into full global development, and seeking NRDL inclusion for QINLOCK and NUZYRA.

Tailwinds

  • NDA submission to the NMPA for sulbactam-durlobactam.
  • Advancing ZL-1102 (anti-IL-17A Humabody®) into full global development.
  • Seeking NRDL inclusion for QINLOCK.
  • Seeking NRDL inclusion for NUZYRA.

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 2022

Historical avgQ2 2022

-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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