MannKind (MNKD) reported its Q2 earnings after the bell on Wednesday, August 7th. For the quarter, it reported a net loss of $12.4 million on revenues of $15 million, which included the recognition of $8.9 million from a milestone payment.
Overall, there were several improvements made in Q2. The company demonstrated cost control by trimming certain expense lines, delivered a gross profit on Afrezza, and narrowed the gap between net Afrezza revenue and overall costs. Improvement can be seen when looking at costs related to Afrezza, gross revenues, and net revenues.
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