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Zai Lab Ltd (ZLAB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K20-F20-F20-F
Revenues:          
Product revenue, net  215.0144.349.013.00.1   
            Product revenue, net growth  49.0%194.8%277.0%9965.9%    
Collaboration revenue  2.40.2      
    Total revenues  215.0144.349.013.00.1   
            Total revenues growth  49.0%194.8%277.0%9965.9%    
Expenses:          
Cost of sales  -74.0-52.2-16.7-3.70.0   
Research and development  286.4573.3222.7142.2120.339.332.113.6
Selling, general, and administrative  259.0218.8111.370.221.612.06.4 
    Loss from operations  -404.4-700.1-301.8-203.2-141.8-51.4-38.5-16.3
            Operating margin  -188.0%-485.1%-616.4%-1564.9%-109897.7%   
Interest income  14.62.25.18.23.30.50.40.0
Foreign currency loss  -56.44.721.7     
Other expense, net  3.1-10.27.40.90.10.5  
    Loss before income tax and share of loss from equity method investment  -443.1-703.4-267.8-194.3-138.5-50.1-37.5-18.0
Income tax expense     -0.8    
            Tax rate  0.0%0.0%0.0% 0.0%0.0%0.0%0.0%
Share of loss from equity method investment  -0.2-1.1-1.1-0.8-0.6   
    Net loss  -443.3-704.5-268.9-195.1-139.1-50.4-37.5-18.0
Net loss attributable to ordinary shareholders - basic     -195.1-139.1-50.4-37.5-18.0
Net loss attributable to ordinary shareholders - diluted     -195.1-139.1-50.4-37.5-18.0
   
Loss per share/ADS - basic (in dollars per share)  ($0.46)($0.76)($0.35)($3.03)($2.64)($2.32)($3.97)($2.07)
Loss per share/ADS - diluted (in dollars per share)  ($0.46)($0.76)($0.35)($3.03)($2.64)   
   
Weighted-average shares/ADSs used in calculating net loss per ordinary share/ADS - basic  958.1929.9776.764.452.621.89.48.7
Weighted-average shares/ADSs used in calculating net loss per ordinary share/ADS - diluted  958.1929.9776.7     

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