MANNKIND CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
MNKD$4.19+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In thousands except per share data) | |||
| Revenues: | |||
| Commercial product sales | $82,329 | $74,029 | $56,247 |
| Collaborations and services | 100,840 | 52,954 | 27,924 |
| Royalties | 102,335 | 71,979 | 15,599 |
| Total revenues | 285,504 | 198,962 | 99,770 |
| Expenses: | |||
| Cost of goods sold | 17,429 | 20,863 | 16,003 |
| Cost of revenue – collaborations and services | 59,173 | 41,908 | 41,494 |
| Research and development | 45,893 | 31,283 | 19,721 |
| Selling, general and administrative | 94,329 | 94,314 | 91,473 |
| (Gain) loss on foreign currency transaction | (3,907) | 1,916 | (4,811) |
| Total expenses | 212,917 | 190,284 | 163,880 |
| Income (loss) from operations | 72,587 | 8,678 | (64,110) |
| Other income (expense): | |||
| Interest income, net | 12,615 | 6,154 | 2,513 |
| Interest expense on liability for sale of future royalties | (16,172) | (185) | — |
| Interest expense on financing liability | (9,828) | (9,825) | (9,758) |
| Interest expense | (11,981) | (15,151) | (15,011) |
| Gain on bargain purchase | 5,259 | — | — |
| Other income (expense) | 32 | 122 | (102) |
| Loss on settlement of debt | (20,444) | — | — |
| Loss on available-for-sale securities | (1,550) | (170) | (932) |
| Total other expense | (42,069) | (19,055) | (23,290) |
| Income (loss) before income tax expense | 30,518 | (10,377) | (87,400) |
| Income tax expense | 2,930 | 1,561 | — |
| Net income (loss) | $27,588 | $(11,938) | $(87,400) |
| Net income (loss) per share – basic | $0.10 | $(0.04) | $(0.34) |
| Weighted average shares used to compute net income (loss) per share – basic | 274,415 | 267,014 | 257,092 |
| Net income (loss) per share – diluted | $0.10 | $(0.04) | $(0.34) |
| Weighted average shares used to compute net income (loss) per share – diluted | 283,844 | 267,014 | 257,092 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.