NASDAQ$MNKD

MannKind Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

MannKind reported a net loss for Q3 2022, but total revenues increased driven by collaborations and services revenue and commercial product sales.

MannKind Corporation reported a net loss of $14.4 million for the third quarter of 2022, compared to a net loss of $4.4 million for the third quarter of 2021. Total revenues for the third quarter of 2022 were $32.8 million, an increase of 48% compared to the third quarter of 2021. The increase in total revenues was driven by an increase in collaborations and services revenue and an increase in commercial product sales.

  • Total revenues increased by 48% compared to Q3 2021, reaching $32.8 million.
  • Royalties from Tyvaso DPI were $6.2 million.
  • Commercial Products Net Revenue increased by 67% compared to Q3 2021, reaching $16.3 million.
  • Net loss for the quarter was $14.4 million, or $0.06 per share.

Headline financials

Total Revenue

$32.8M

Previous: $22.2M+47.8%
EPS (adj)

-$0.06

Previous: -$0.04-50.0%
Capital Expenditures

-$2.49M

Previous: -$6.28M+60.3%
Free Cash Flow

-$16.9M

Previous: -$10.7M-58.1%
Net Income

-$14.4M

Previous: -$4.43M-226.1%
Operating Income

-$9.61M

Previous: -$6.59M-45.8%
Gross Profit

$27.8M

Previous: $18.4M+51.1%
Cash & Equivalents

$54.3M

Previous: $51.7M+5.0%
Total Assets

$294M

Previous: $238M+23.4%
Stock-Based Comp

$3.62M

Previous: $3.18M+13.9%

Revenue & EPS history

MannKind · Revenue · Quarterly

$32.8M

Q3 2022+47.8%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
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

No specific forward guidance was provided in the press release.

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 Q3 2022

Historical avgQ3 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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