MNKD
MannKind Corporation5.91
-0.03-0.51%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.81BP/E (TTM)
59.10Basic EPS (TTM)
0.10Dividend Yield
0%Recent Filings
10-K
8-K
8-K
Halts Phase 3 NTM trial
MannKind discontinued its Phase 3 ICoN-1 trial of nebulized clofazimine (MNKD-101) for refractory NTM lung disease on November 10, 2025, after zero of 46 participants achieved sputum culture conversion, prompting DSMB futility recommendation. No safety issues emerged. The company will probe causes to inform MNKD-102 dry powder's shift to Phase 1. Pipeline pivot stings, yet data guides next steps.
10-Q
Q3 FY2025 results
MannKind posted Q3 revenue of $82.1M, up 17% y/y from $70.1M (derived), fueled by 23% y/y Afrezza growth to $18.5M and 23% y/y Tyvaso DPI royalties to $33.3M, while V-Go dipped 19% y/y. Operating income rose 48% y/y to $18.9M on 10% y/y expense growth, but net income fell 31% y/y to $8.0M due to $6.4M Thirona impairment. Cash swelled to $127.4M from $46.3M YE 2024 on $26.2M YTD OCF and $75M Blackstone term loan (9.62% effective rate, matures 2030), with $111.3M total debt. Completed scPharma acquisition Oct 7 for $303.8M equity value ($5.35/share cash + $1 CVR), funded by $250M incremental Blackstone draw. Competition from alternative insulins pressures Afrezza uptake.
8-K
Q3 revenues up 17%
MannKind posted Q3 revenues of $82.1M, up 17% from last year, fueled by 23% Afrezza growth to $18.5M and higher Tyvaso DPI royalties. Completed scPharmaceuticals acquisition on October 7 to accelerate growth via FUROSCIX, funded by $133.2M cash and $250M loans. Pipeline advances: Afrezza pediatric sBLA under review, PDUFA May 29, 2026. Acquisition diversifies revenues, yet adds debt.
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