ZAI LAB Reports Record Revenue of USD 68.9 Million in Q2 FY2023, Up 42.9% YOY
August 19, 2023
🌥️Earnings Overview
For the second quarter of FY2023, which ended on June 30 2023, ZAI LAB ($NASDAQ:ZLAB) reported total revenue of USD 68.9 million, a 42.9% year-over-year increase. However, net income for the quarter was USD -120.9 million, a decrease of -137.9 million from the same period last year.
Analysis
GoodWhale has completed an analysis of ZAI LAB‘s financials and has come to the conclusion that the company is a medium risk investment when considering financial and business aspects. Specifically, their Risk Rating is medium, indicating that there may be some risks associated with investing in ZAI LAB. GoodWhale has also detected two risk warnings in the balance sheet and financial journal, which are available to view after registering with GoodWhale. Therefore, potential investors should weigh the risk warnings against the potential returns of investing in ZAI LAB. More…
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 |
| 251.8 | -393 | -138.2% |
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 |
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 |
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% |
Summary
ZAI LAB reported a 42.9% year over year increase in total revenue for the second quarter of FY2023, amounting to USD 68.9 million. Net income, however, decreased to -120.9 million from -137.9 million compared to the same period in the previous year. Analysts suggest that investors should take into account the company’s long-term prospects when evaluating their exposure to ZAI LAB. Overall, the figures indicate that ZAI LAB has improved its financial performance but has yet to make significant strides in improving its net income.
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