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Jun 30, 2020
MannKind Q2 2020 Earnings Report
MannKind reported second quarter financial results, demonstrating resilience amidst the COVID-19 pandemic with increased Afrezza revenue and reduced operating expenses.
Key Takeaways
MannKind Corporation reported a net revenue of $15.1 million for Q2 2020, with Afrezza net revenue increasing by 15% compared to Q2 2019. The company's net loss decreased to $10.3 million, or $0.05 per share, compared to a $12.4 million net loss, or $0.07 per share, in the same period of 2019.
Afrezza net revenue for Q2 2020 was $7.0 million, a 15% increase compared to Q2 2019.
Total revenues for Q2 2020 reached $15.1 million, driven by Afrezza sales and collaboration revenue.
Net loss for Q2 2020 decreased to $10.3 million, or $0.05 per share, compared to a $12.4 million net loss, or $0.07 per share, in Q2 2019.
Cash and cash equivalents totaled $63.2 million as of June 30, 2020.
Revenue by Segment
Forward Guidance
MannKind did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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