NASDAQ$ZNTL

Zentalis Pharmaceuticals Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported first quarter 2023 financial results and provided operational updates.

Zentalis Pharmaceuticals reported a cash balance of $392 million as of March 31, 2023, with a projected cash runway into the second quarter of 2025. The company is on track to disclose monotherapy dose and updates on accruing trials for azenosertib in 1H 2023 and will present positive Phase 1b azenosertib + chemotherapy clinical data in ovarian cancer at ASCO.

  • On track to disclose monotherapy dose and updates on currently accruing trials for azenosertib in 1H 2023.
  • Positive Phase 1b azenosertib + chemotherapy clinical data in ovarian cancer to be presented at the 2023 ASCO Annual Meeting.
  • Announced collaborations with Foundation Medicine and Roche Diagnostics to advance the development of azenosertib.
  • Appointed Diana Hausman, M.D. to Board of Directors and Funda Meric-Bernstam, M.D. to Scientific Advisory Board.

Headline financials

EPS (adj)

-$1.07

Previous: -$1.31+18.3%
Free Cash Flow

-$49.3M

Previous: -$50.6M+2.7%
Net Income

-$63.3M

Previous: -$57.5M-10.0%
Operating Income

-$65M

Previous: -$57.9M-12.2%
Cash & Equivalents

$393M

Previous: $289M+35.6%
Total Assets

$489M

Previous: $406M+20.6%
Stock-Based Comp

$13.7M

Previous: $10.1M+35.3%

Revenue & EPS history

Zentalis · Revenue · Quarterly

$0

Q3 2025
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Forward guidance

Zentalis believes that its existing cash, cash equivalents and marketable securities as of March 31, 2023 will be sufficient to fund its operating expenses and capital expenditure requirements into the second quarter of 2025.

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 2023

Historical avgQ1 2023

-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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