Zai Lab (NASDAQ:ZLAB) Full Year 2024 Results

Key Financial Results

• Revenue: US$399.0m (up 50% from FY 2023).
• Net loss: US$257.1m (loss narrowed by 23% from FY 2023).
• US$2.60 loss per share (improved from US$3.46 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zai Lab Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 2.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Zai Lab's balance sheet and an in-depth analysis of the company's financial position.

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