Demo
ZYME Nasdaq· Zymeworks Inc.
FundamentalsNews digest Peer analysis
Login
ZYME Nasdaq· Zymeworks Inc.
Earnings report Q2 2023

ZYMEWORKS INC. Reports Revenue Growth in Latest Quarter

Segments of revenue

In the latest quarter, ZYMEWORKS INC. reported total revenue of $7.00 million, primarily driven by research and development collaborations. This represents an increase from the previous year's quarter revenue of $5.44 million.

Strengths

ZYMEWORKS INC. demonstrated strength in its revenue growth, with a significant increase compared to the same quarter last year. The company's focus on research and development collaborations has proven successful in generating revenue. Management's efforts to form strategic partnerships and collaborations have likely contributed to this positive performance.

Challenges

Despite the revenue growth, ZYMEWORKS INC. still reported a net loss of $51.15 million in the latest quarter. This indicates that the company's operating expenses, particularly in research and development, continue to outweigh its revenue. The company may face challenges in effectively managing its expenses and achieving profitability.

Noteworthy

ZYMEWORKS INC. experienced a notable increase in revenue from research and development collaborations, which may be attributed to successful partnerships and the advancement of its pipeline. The company's ability to attract collaborations and generate revenue in this segment is worth noting.

Summary

ZYMEWORKS INC. reported revenue growth in the latest quarter, primarily driven by research and development collaborations. The company's focus on forming strategic partnerships and collaborations has likely contributed to this positive performance. However, ZYMEWORKS INC. still faces challenges in achieving profitability, as its operating expenses continue to outweigh its revenue. The notable increase in revenue from research and development collaborations indicates the company's success in attracting collaborations and advancing its pipeline.

Source documents

Form 10-Q  filed on Aug 10, 2023
17 pages scanned

Reference data

Company financials Q2 revenue 16.9M
Analyst estimates Q2 EPS missed by -57.55%
Sign up to Fey

Get in-depth analysis on thousands of stocks for just $30/month. Cancel anytime.