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Mar 31, 2020
MannKind Q1 2020 Earnings Report
MannKind reported a net loss of $9.3 million and Afrezza net revenue of $8.0 million for Q1 2020.
Key Takeaways
MannKind Corporation reported a net loss of $9.3 million for the first quarter of 2020, with Afrezza net revenue reaching $8.0 million, a 58% increase compared to the same quarter in 2019. The company's gross margin increased to 48%, driven by higher Afrezza revenue.
Afrezza net revenue for Q1 2020 was $8.0 million, a 58% increase compared to Q1 2019.
Gross profit for Afrezza in Q1 2020 was $3.8 million, compared to $1.1 million in Q1 2019.
Gross margin in Q1 2020 increased to 48% from 21% in Q1 2019.
Net loss for Q1 2020 was $9.3 million, or $0.04 per share, compared to a $14.9 million net loss in Q1 2019, or $0.08 per share.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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