NASDAQ$ZLAB

Zai Lab Limited-ADR · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a 33% increase in revenue y-o-y and a 19% increase q-o-q, driven by ZEJULA, and strengthened its leadership in women's cancer treatment with a regional collaboration for TIVDAK.

Zai Lab reported a strong third quarter with a new regional collaboration, significant revenue growth across commercial products, and progress towards achieving its 2022 corporate priorities. Total revenues were $57.5 million, a 33% increase year-over-year.

  • Revenue of $57.5 million for the third quarter of 2022, representing a 33% increase y-o-y and a 19% increase q-o-q; continued revenue growth led by ZEJULA
  • Regional strategic collaboration for TIVDAK strengthens Zai Lab’s leadership in developing and providing access to medicine to treat women’s cancer in China
  • Strong balance sheet with a cash position of $1.12 billion
  • Agreement with the NMPA on the development plan for a bridging study for KarXT in schizophrenia in China.

Headline financials

Total Revenue

$57.5M

Previous: $43.1M+33.5%
EPS (adj)

-$1.68

Previous: -$1.01-66.3%
Capital Expenditures

-$20.2M

Previous: -$11.9M-69.2%
Free Cash Flow

-$181M

Previous: -$108M-67.4%
Net Income

-$161M

Previous: -$96.4M-67.2%
Operating Income

-$129M

Previous: -$83.2M-54.5%
Gross Profit

$37.5M

Previous: $30.9M+21.2%
Cash & Equivalents

$1.12B

Previous: $1.4B-20.0%
Total Assets

$1.3B

Previous: $1.73B-24.9%
Stock-Based Comp

$19.1M

Previous: $10.6M+81.0%

Revenue & EPS history

Zai Lab · Revenue · Quarterly

$57.5M

Q3 2022+33.5%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Zai Lab · $40.7M total across 2 segments · Q3 2022

  • ZEJULA
    $39.2M
  • NUZYRA
    $1.5M

Forward guidance

We expect our net product revenue to exceed cost of goods sold and commercial expenses in 2023.

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 Q3 2022

Historical avgQ3 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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