NASDAQ$MNKD

MannKind Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

MannKind reported first quarter 2022 financial results.

MannKind Corporation reported total revenues of $12.0 million for the first quarter of 2022, with Afrezza net revenue increasing by 21% compared to the first quarter of 2021. The net loss for the quarter was $26.0 million, or $0.10 per share.

  • Afrezza Net Revenue of $9.8 million, a 21% increase compared to Q1 2021.
  • Afrezza Gross Margin was 77%, with Gross Profit increasing by 99% compared to Q1 2021.
  • Cash, Cash Equivalents, and Investments totaled $233.0 million as of March 31, 2022.
  • Tyvaso DPI PDUFA date is set for May 2022.

Headline financials

Total Revenue

$12M

Previous: $17.4M-31.2%
EPS (adj)

-$0.10

Previous: -$0.05-100.0%
Capital Expenditures

-$5.06M

Previous: -$976K-418.0%
Free Cash Flow

-$31.1M

Previous: -$13.9M-123.5%
Net Income

-$26M

Previous: -$12.9M-101.3%
Operating Income

-$21.3M

Previous: -$6.19M-243.3%
Gross Profit

$9.71M

Previous: $13.1M-26.0%
Cash & Equivalents

$67.2M

Previous: $248M-72.9%
Total Assets

$308M

Previous: $319M-3.5%
Stock-Based Comp

$2.81M

No prior period

Revenue & EPS history

MannKind · Revenue · Quarterly

$12M

Q1 2022-31.2%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

MannKind · $31M total across 3 segments · Q3 2023

  • Afrezza
    $13.5M
  • Collaborations and services
    $13.1M
  • V-Go
    $4.45M

Forward guidance

The company is focused on supporting United Therapeutics in their planned commercial launch of Tyvaso DPI.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+1.5%

Avg return

30 days after

39%

25 / 64 earnings

Positive

+44.9%

Q3 2016

Best reaction

-28.5%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+24.5%+17.5%+18.5%
Q4 2025-6.9%-16.3%-34.9%
Q3 2025+10.6%-1.1%+3.6%
Q1 2025-4.5%-2.7%-9.7%
Q4 2024-4.4%-5.9%-8.0%
Q3 2024-1.2%-4.8%-8.6%
Q2 2024-1.5%-1.5%+12.5%
Q1 2024-3.6%-1.3%+4.5%
Q4 2023+9.5%+25.7%+26.5%
Q3 2023-0.8%-6.8%-0.3%
Q2 2023+15.5%+11.2%-3.8%
Q1 2023+13.4%+9.0%+6.2%
Q4 2022+4.2%+1.7%-23.1%
Q3 2022+6.3%+20.7%+32.8%
Q2 2022-1.4%-4.6%-9.0%
Q1 2022-8.7%-8.7%+42.7%
Q4 2021-25.7%-24.9%-5.2%
Q3 2021-0.6%+3.1%-14.3%
Q2 2021+5.1%+5.4%+20.8%
Q1 2021-8.4%-3.9%-8.0%
Q4 2020-4.5%-36.8%-40.0%
Q3 2020+8.8%+19.0%+43.9%
Q2 2020+0.0%-4.2%-1.2%
Q1 2020-2.2%-0.7%+4.5%
Q4 2019-7.9%-16.4%-27.6%
Q3 2019-15.1%-16.8%-18.8%
Q2 2019-0.9%+4.6%+13.9%
Q1 2019-12.3%-19.4%-25.2%
Q4 2018+23.8%+17.2%+27.8%
Q3 2018+0.0%-1.1%-2.7%
Q2 2018-26.8%-29.3%-29.9%
Q1 2018+2.3%+8.7%+13.3%
Q4 2017-10.4%-13.5%-30.3%
Q3 2017-7.1%+0.3%-4.3%
Q2 2017-5.7%-2.5%+61.5%
Q1 2017+13.8%-5.4%+39.3%
Q4 2016+9.9%+2.5%-34.2%
Q3 2016+44.9%+51.2%+51.2%
Q2 2016-6.2%+2.0%-27.6%
Q1 2016-28.5%
Q4 2015+6.0%
Q3 2015-19.9%
Q2 2015+4.5%
Q1 2015-8.4%
Q4 2014+2.8%
Q3 2014-1.5%
Q2 2014-8.0%
Q1 2014+5.8%
Q4 2013+5.9%
Q3 2013+7.3%
Q2 2013-5.1%
Q1 2013+11.0%
Q4 2012-1.9%
Q3 2012+2.6%
Q2 2012+3.9%
Q1 2012-8.3%
Q4 2011+7.9%
Q3 2011-1.6%
Q2 2011-10.1%
Q1 2011-11.8%
Q4 2010-5.5%
Q3 2010-2.3%
Q2 2010-0.7%
Q1 2010+3.3%

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