ZAI LAB Reports Positive Earnings Results for Q2 FY 2023

August 16, 2023

☀️Earnings Overview

On June 30, 2023, ZAI LAB ($NASDAQ:ZLAB) released their financials for the second quarter of fiscal year 2023. At USD 68.9 million, revenues had increased year-on-year by 42.9%. Net income came in at USD -120.9 million, an improvement from the same quarter in the previous year, which was -137.9 million.

Share Price

On Monday, ZAI LAB reported positive earnings results for Q2 FY 2023. The company’s stock opened at $27.0 and closed at $26.5, down 2.9% from the prior closing price of 27.2. Overall, ZAI LAB’s Q2 FY 2023 results indicate that the company is on track to meet its goals for the upcoming fiscal year.

Furthermore, its strong financial performance is a testament to its successful strategies and cost-cutting measures. As such, investors are optimistic that the company will continue to report positive earnings results in the coming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Zai Lab. More…

    Total Revenues Net Income Net Margin
    251.8 -393 -138.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Zai Lab. More…

    Operations Investing Financing
    -363.6 552.63 -4.87
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Zai Lab. More…

    Total Assets Total Liabilities Book Value Per Share
    1.11k 174.06 9.63
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Zai Lab are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    106.1% -172.2%
    FCF Margin ROE ROA
    -151.3% -28.0% -24.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    As GoodWhale, we have analyzed the financials of ZAI LAB and come to the conclusion that it is a medium risk investment in terms of financial and business aspects. Our Risk Rating indicates that there are some areas of caution, and we have detected two risk warnings in its balance sheet and financial journal. To view these risk warnings, you must become a registered user on our website. We urge all potential investors to take a close look at our analysis before making any investments. Our aim is to provide you with the most accurate and up-to-date information possible to help you make the best decision for your particular situation. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    ZAI LAB has reported their second quarter earnings results for the fiscal year 2023, with an impressive 42.9% year-on-year increase in revenue, reaching USD 68.9 million. Despite this positive development, net income remained in the negative at USD -120.9 million. Investors should monitor ZAI LAB’s performance and focus on potential opportunities and risks when considering investing in the company. As of June 30, 2023, ZAI LAB has not demonstrated an ability to generate a profit, making it a riskier investment option.

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