MannKind Is Compliant With MidCap's March Covenant But Will Face Challenges In The Future [Seeking Alpha]
MannKind Corporation (MNKD)
Last mannkind corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
investors.mannkindcorp.com/press-releases
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Source: Seeking Alpha
When MannKind (NASDAQ:MNKDAccording to my modeling, MannKind’s Afrezza exceeded the minimum trailing 12-month net revenue requirement of $26,290,000 to remain compliant with MidCap's tranche 1 and 2 loan covenants. Afrezza's trailing 12-month net revenue was greater than $28,000,000 before taking into consideration new Brazil orders.In the near term, at least through June, Afrezza should be able to remain compliant with tranches 1 and 2. However, if MannKind is considering drawing the third tranche of $25 million, the trailing net revenue increases substantially. For instance, at the end of July, to remain compliant for tranches 1 and 2, trailing net revenue must exceed $29 million.In addition, to qualify for the third tranche, the trailing 12-month net revenue must exceed $36 million starting in July and that United Therapeutics (NASDAQ:UTHR8-K on December 18, 2019United Therapeutics has received positive clinical data on the Phase 1b BREEZE trial and (y) Agent has received evidence
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News
- Evaluating MannKind (MNKD) Valuation After Recent Share Price Swings And Long Term Return Profile [Yahoo! Finance]Yahoo! Finance
- MannKind (NASDAQ:MNKD) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- MannKind Provides Business Updates and 2026 Growth Drivers [Yahoo! Finance]Yahoo! Finance
- MannKind (NASDAQ:MNKD) had its "buy" rating reaffirmed by analysts at HC Wainwright.MarketBeat
- MannKind Provides Business Updates and 2026 Growth DriversGlobeNewswire
MNKD
Earnings
- 11/5/25 - Beat
MNKD
Sec Filings
- 1/9/26 - Form 4
- 1/8/26 - Form 144
- 12/29/25 - Form 4
- MNKD's page on the SEC website