MannKind (MNKD) Tops Q4 EPS by 1c, Revs Beat
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MannKind Corporation Reports 2017 Fourth Quarter and Full Year Financial Results
February 27, 2018 4:01 PM ESTQ4 and 2H 2017 Afrezza net revenue were $4.5 million (+238%) and $6.4 million (+240%) vs. 2016, respectivelyQ4 and 2H 2017 net cash used in operating activities were $30.0 million and $53.3 million, respectivelyCash and Cash Equivalents were $43.9 million and Restricted Cash was $4.4 million at December 31, 2017Â Â Recapitalization plan gains momentum: Raised $57.7 million (net) in a registered direct offering in Q4Restructured $27.7 million principal amount of Senior Subordinated Convertible Notes due 2018 to extend the maturity date to October 2021, lower the conversion price to $5.15 and reduce outstanding principal by $4.0 million in exchange for the issuance of common... More
