NASDAQ$ZNTL

Zentalis Pharmaceuticals Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Zentalis reported first quarter 2021 financial results and provided an operational update.

Zentalis Pharmaceuticals reported a net loss of $50.4 million for the first quarter ended March 31, 2021. The company highlighted the clinical development of ZN-c3, with strong data presented at AACR, and announced a clinical collaboration with GlaxoSmithKline (GSK) to evaluate ZN-c3 in combination with niraparib. As of March 31, 2021, Zentalis had cash, cash equivalents and marketable securities of $298.4 million.

  • Reported robust initial results from the Phase 1 monotherapy dose escalation trial of ZN-c3, demonstrating single-agent activity and Exceptional Responses in heavily pre-treated patients.
  • Announced clinical collaboration with GlaxoSmithKline (GSK) to evaluate ZN-c3 in combination with niraparib, a PARP inhibitor.
  • Zentera Therapeutics, Zentalis’ majority-owned joint venture, filed four Clinical Trial Applications (CTAs, China equivalent of IND) and three have been approved in China to date: for ZN-c5, ZN-c3, and ZN-c3 in combination.
  • The Company plans to report interim results from numerous ongoing trials with ZN-c5 and to share guidance on future development plans for this product candidate in the second quarter of 2021.

Headline financials

EPS (adj)

-$1.24

Previous: -$2.88+56.9%
Capital Expenditures

$436K

Previous: $31K+1306.5%
Free Cash Flow

-$37.9M

Previous: -$16.9M-124.3%
Net Income

-$50.4M

Previous: -$16.2M-210.7%
Operating Income

-$50.3M

Previous: -$16.4M-207.0%
Cash & Equivalents

$298M

Previous: $63.7M+368.8%
Total Assets

$328M

Previous: $87.6M+274.7%
Stock-Based Comp

$9.69M

Previous: $329K+2845.6%

Revenue & EPS history

Zentalis · Revenue · Quarterly

$0

Q3 2025

Forward guidance

Zentalis expects to initiate several studies in the coming months and plans to report interim results from ongoing trials with ZN-c5 in the second quarter of 2021.

Tailwinds

  • A Phase 2 trial of ZN-c3 in uterine serous carcinoma in the third quarter of 2021.
  • A Phase 1/2 trial of ZN-c3 in combination with chemotherapy in osteosarcoma in the third quarter of 2021.
  • A Phase 1/2 trial of ZN-c3 in combination with GSK's niraparib in ovarian cancer in the second half of 2021.

Headwinds

  • The impact of the COVID-19 pandemic to our business and operating results presents additional uncertainty and cannot be predicted with confidence.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.7%

Avg return

Earnings day

-2.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

58%

14 / 24 earnings

Positive

+14.5%

Q1 2023

Best reaction

-43.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.9%-1.7%
Q4 2025+3.1%-3.7%+49.1%
Q3 2025+6.2%+0.8%+9.8%
Q1 2025-2.5%+3.3%+10.7%
Q4 2024-12.6%-15.0%-23.5%
Q3 2024-2.7%-13.9%-22.3%
Q2 2024-8.8%-12.5%-10.6%
Q1 2024+6.1%+7.0%-5.5%
Q4 2023+10.0%+8.5%+11.9%
Q3 2023-43.0%-45.0%-33.1%
Q2 2023+5.3%+11.2%-0.5%
Q1 2023+14.5%+22.8%+2.7%
Q4 2022+1.2%-2.1%-9.1%
Q3 2022-14.1%-4.3%-17.4%
Q2 2022-0.1%-7.3%-8.1%
Q1 2022-16.4%-24.7%+1.3%
Q4 2021+7.6%+5.7%-3.2%
Q3 2021+0.8%-1.0%-8.8%
Q2 2021+4.9%+7.1%+39.0%
Q1 2021-4.6%-1.3%-9.0%
Q4 2020+1.4%-0.7%+45.7%
Q3 2020-5.6%-2.1%+36.3%
Q2 2020+1.0%+7.2%-10.6%
Q1 2020+4.5%+8.2%+10.5%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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