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Thursday, May 2, 2019

Zymeworks reports Q1 EPS (43c), consensus (67c)

Reports Q1 revenue $11.9M, consensus $0.7M. Revenue includes an $8.0M development milestone payment upon Lilly’s submission of an investigational new drug application, $3.5M of recognized deferred revenue from our licensing and collaboration agreement with BeiGene, as well as $0.4 million in other research support payments. As of March 31, 2019, Zymeworks had $180.3M in cash and cash equivalents and short-term investments.

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