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Sep 30, 2020
MannKind Q3 2020 Earnings Report
MannKind reported a net loss of $11.3 million and total revenues of $15.4 million, with Afrezza U.S. net revenue increasing by 27% compared to Q3 2019.
Key Takeaways
MannKind Corporation reported financial results for the third quarter ended September 30, 2020. Total revenues were $15.4 million, with Afrezza U.S. net revenue reaching $7.3 million, a 27% increase compared to the same quarter in the previous year. The net loss for the quarter was $11.3 million, or $0.05 per share.
U.S. Afrezza Net Revenue increased by 27% to $7.3 million compared to Q3 2019.
Total revenues reached $15.4 million, driven by Afrezza net revenue and collaboration and services revenue.
Afrezza gross profit improved to $3.7 million, compared to a loss of $0.7 million in the same period of 2019.
Cash and cash equivalents totaled $52.4 million as of September 30, 2020.
Revenue by Segment
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