ZAI LAB Reports Q3 Earnings for FY2023
November 20, 2023
🌥️Earnings Overview
On September 30 2023, ZAI LAB ($NASDAQ:ZLAB) reported their earnings results for the third quarter of FY2023. Total revenue was USD 69.2 million, a 20.3% growth from the same quarter in the prior year. Net income for the quarter was USD -69.2 million, declining from the USD -161.2 million reported in the same quarter of the previous year.
Share Price
On Tuesday, ZAI LAB reported its third quarter earnings for the fiscal year 2023. The company’s stock opened at $27.8 and closed at $28.3, up by 1.4% from its previous closing price of $27.9. This marked a significant rise for the company, as it had seen consistent decreases in stock price for the past few weeks.
Overall, the report of ZAI LAB’s Q3 earnings for FY2023 was positive, as it showed growth in both revenues and cash flow, despite slightly lower than expected EPS. This positive news helped to boost ZAI LAB’s stock price and is a positive sign for the company’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zai Lab. More…
| Total Revenues | Net Income | Net Margin |
| 263.49 | -300.96 | -114.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zai Lab. More…
| Operations | Investing | Financing |
| -292.55 | -29.61 | -7.03 |
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 |
| 1.04k | 162.72 | 9.09 |
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 |
| 89.8% | – | -147.5% |
| FCF Margin | ROE | ROA |
| -115.6% | -26.8% | -23.3% |
Analysis
GoodWhale conducted an analysis of ZAI LAB‘s fundamentals and based on the Star Chart classification it is considered a ‘cheetah’, an organization that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in such companies should look for indications of strong asset growth, stability, and potential for future returns. ZAI LAB appears to have these characteristics, as evidenced by its strong growth, but has a weaker performance when it comes to dividends and profitability. Furthermore, its health score of 5/10 considering its cashflows and debt suggest that it is likely to pay off its debt and fund its future operations. More…
Summary
Investors of ZAI LAB should be encouraged by the company’s FY2023 Q3 results for the third quarter. Total revenue increased from the same period last year by 20.3%, reaching USD 69.2 million. Despite a net income of -69.2 million, this was an improvement from -161.2 million reported in the same period of the previous year. This encouraging financial picture suggests that ZAI LAB may be entering a period of growth and performance, potentially resulting in greater returns for investors.
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