Categories Earnings, Health Care

MannKind Corporation (MNKD): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— MannKind Corporation (NASDAQ: MNKD) reported Q4 2019 loss of $0.07 per share, vs. a loss of $0.07 expected.

— Total revenue amounted to $16 million, vs. $15 million expected.

— Afrezza net revenue grew 35% to $7.8 million.

— Collaborations and services revenue fell 20% to $8.2 million.

— Research and development expenses increased 82% to $2 million.

— Cash, cash equivalents, restricted cash and short-term investments at December 31, 2019 was $50.2 million.

— MNKD shares gained 3.9% immediately following the announcement.

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