Zai Lab Ltd
HKEX:9688
Income Statement
Earnings Waterfall
Zai Lab Ltd
Revenue
|
266.7m
USD
|
Cost of Revenue
|
-95.8m
USD
|
Gross Profit
|
170.9m
USD
|
Operating Expenses
|
-547.5m
USD
|
Operating Income
|
-376.6m
USD
|
Other Expenses
|
42m
USD
|
Net Income
|
-334.6m
USD
|
Income Statement
Zai Lab Ltd
Dec-2019 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
Revenue |
13
N/A
|
20
+55%
|
57
+184%
|
100
+76%
|
144
+44%
|
171
+18%
|
182
+7%
|
197
+8%
|
215
+9%
|
231
+7%
|
252
+9%
|
263
+5%
|
267
+1%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(4)
|
(8)
|
(18)
|
(31)
|
(52)
|
(60)
|
(67)
|
(75)
|
(74)
|
(80)
|
(86)
|
(92)
|
(96)
|
|
Gross Profit |
9
N/A
|
13
+37%
|
39
+207%
|
70
+80%
|
92
+32%
|
111
+20%
|
115
+4%
|
122
+6%
|
141
+16%
|
151
+7%
|
166
+9%
|
172
+4%
|
171
-1%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(213)
|
(240)
|
(436)
|
(550)
|
(792)
|
(663)
|
(596)
|
(648)
|
(545)
|
(546)
|
(561)
|
(522)
|
(547)
|
|
Selling, General & Administrative |
(70)
|
(36)
|
(90)
|
(149)
|
(219)
|
(240)
|
(249)
|
(257)
|
(259)
|
(264)
|
(269)
|
(271)
|
(282)
|
|
Research & Development |
(142)
|
(204)
|
(346)
|
(401)
|
(573)
|
(423)
|
(347)
|
(392)
|
(286)
|
(281)
|
(292)
|
(251)
|
(266)
|
|
Operating Income |
(203)
N/A
|
(227)
-12%
|
(398)
-75%
|
(481)
-21%
|
(700)
-46%
|
(553)
+21%
|
(481)
+13%
|
(526)
-9%
|
(404)
+23%
|
(394)
+3%
|
(395)
0%
|
(350)
+11%
|
(377)
-8%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
8
|
0
|
0
|
1
|
2
|
2
|
3
|
6
|
(42)
|
(23)
|
(54)
|
(44)
|
25
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
10
|
10
|
|
Total Other Income |
1
|
(6)
|
1
|
(12)
|
(6)
|
(2)
|
(50)
|
(73)
|
3
|
7
|
46
|
83
|
7
|
|
Pre-Tax Income |
(194)
N/A
|
(233)
-20%
|
(396)
-70%
|
(492)
-24%
|
(703)
-43%
|
(552)
+21%
|
(527)
+5%
|
(593)
-12%
|
(443)
+25%
|
(410)
+7%
|
(393)
+4%
|
(301)
+23%
|
(335)
-11%
|
|
Net Income | ||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(194)
|
(233)
|
(396)
|
(492)
|
(703)
|
(552)
|
(527)
|
(593)
|
(443)
|
(410)
|
(393)
|
(301)
|
(335)
|
|
Equity Earnings Affiliates |
(1)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(195)
N/A
|
(233)
-19%
|
(396)
-70%
|
(493)
-24%
|
(705)
-43%
|
(554)
+21%
|
(529)
+5%
|
(593)
-12%
|
(443)
+25%
|
(410)
+8%
|
(393)
+4%
|
(301)
+23%
|
(335)
-11%
|
|
EPS (Diluted) |
-0.3
N/A
|
-0.26
+13%
|
-0.44
-69%
|
-0.51
-16%
|
-0.76
-49%
|
-0.59
+22%
|
-0.55
+7%
|
-0.62
-13%
|
-0.46
+26%
|
-0.43
+7%
|
-0.41
+5%
|
-0.31
+24%
|
-0.35
-13%
|