MannKind (MNKD) hosted its Q1 quarterly call on May 7th. The company highlighted the results from the business, and as expected, presented the highlights in a manner that accentuated the positives.
First things first, I overestimated gross revenue and net revenue. I underestimated the spending on advertising. I was spot on in the cash assessment. I will adjust models and some assumptions accordingly so that my projections will be as accurate as possible for readers.
Highlights From The Company
- 1Q 2019 Total Revenue was $17.4 million
- 1Q 2019 Afrezza Net Revenue was $5.1