Zymeworks Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
ZYME$31.46+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Loss and Comprehensive Loss
(Expressed in thousands of U.S. dollars except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| Research and development collaborations (note 9) | $16,000 | $16,506 | $45,273 | $59,086 |
| Operating expenses: | ||||
| Research and development | 36,353 | 32,775 | 97,558 | 118,095 |
| General and administrative | 13,852 | 16,968 | 45,321 | 55,623 |
| Impairment on acquired in-process research and development assets (“IPR&D”) (note 6) | — | — | 17,287 | — |
| Total operating expenses | 50,205 | 49,743 | 160,166 | 173,718 |
| Loss from operations | (34,205) | (33,237) | (114,893) | (114,632) |
| Other income: | ||||
| Interest income | 4,785 | 5,026 | 15,859 | 14,656 |
| Other (expense) income, net (note 10) | (204) | 634 | 214 | (62) |
| Total other income, net | 4,581 | 5,660 | 16,073 | 14,594 |
| Loss before income taxes | (29,624) | (27,577) | (98,820) | (100,038) |
| Income tax expense | (226) | (1,110) | (369) | (4,154) |
| Net loss | (29,850) | (28,687) | (99,189) | (104,192) |
| Other comprehensive income (loss): | ||||
| Unrealized income (loss) on available for sale securities, net of tax of nil (note 5) | 1,905 | (485) | 604 | (1,639) |
| Total other comprehensive income (loss) | 1,905 | (485) | 604 | (1,639) |
| Comprehensive loss | $(27,945) | $(29,172) | $(98,585) | $(105,831) |
| Net loss per common share (note 4): | ||||
| Basic | $(0.39) | $(0.41) | $(1.30) | $(1.53) |
| Diluted | $(0.39) | $(0.41) | $(1.30) | $(1.53) |
| Weighted-average common stock outstanding (note 4): | ||||
| Basic | 76,128,531 | 70,575,773 | 76,244,893 | 68,212,756 |
| Diluted | 76,157,101 | 70,575,773 | 76,266,177 | 68,214,482 |
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