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Post by centralcoastinvestor on Feb 16, 2023 18:02:10 GMT -5
DANBURY, Conn. and WESTLAKE VILLAGE, Calif., Feb. 16, 2023 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq: MNKD) will release its 2022 fourth quarter and full year financial results and its management will host a conference call to discuss these results and corporate updates at 5:00 PM (Eastern Time) on Thursday, February 23, 2023.
Presenting from the Company will be its Chief Executive Officer, Michael Castagna and Chief Financial Officer, Steven B. Binder.
Those interested in listening to the conference call live via the Internet may do so by visiting the Company's website at mannkindcorp.com under Events & Presentations. A replay will be available on MannKind's website for 14 days.
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Post by centralcoastinvestor on Feb 16, 2023 18:03:11 GMT -5
Odd time, day after UTHR
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Post by dh4mizzou on Feb 16, 2023 18:31:59 GMT -5
You serious Clark?
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Post by dh4mizzou on Feb 22, 2023 19:52:59 GMT -5
Anyone else have a wild dream that Afrezza hits the 1,000 RX number Friday in conjunction with earnings being reported?
Oh to dream LOL.
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Post by BD on Feb 23, 2023 15:57:00 GMT -5
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Post by peppy on Feb 23, 2023 16:07:13 GMT -5
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Post by hellodolly on Feb 23, 2023 17:54:52 GMT -5
Nothing really new since the JPM presentation on the call. Just the 2022 financials which put us on a nice trajectory in 2023.
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Post by brentie on Feb 23, 2023 18:11:52 GMT -5
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Post by ktim on Feb 23, 2023 19:12:15 GMT -5
The statement of cash flows for the full year is rather messy, and showing over $80M "Net cash used in operating activities", but it seems for Q4 we were basically cash flow neutral from operations. Wish that fact a little better highlighted.
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Post by sayhey24 on Feb 23, 2023 19:35:27 GMT -5
Mike said they took $5M for Q4 from the bank and still have $173M in the bank.
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Post by ktim on Feb 23, 2023 20:16:29 GMT -5
We'll even be earning a profit on the $173M "in the bank" compared to what we're paying in interest on debt.
Not that it's a huge deal but due to higher rates on treasuries and money market, they should be earning about $5M more on cash in 2023 than was earned in 2022. That flows straight to the bottom line.
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Post by casualinvestor on Feb 23, 2023 20:44:35 GMT -5
Did they explain the Loss (gain) on foreign currency translation? That's a $5M swing from previous quarters
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Post by ktim on Feb 23, 2023 20:55:58 GMT -5
When I look at MNKD financial statements, the "accumulated deficit" always catches my eye... stark reminder of what we've all weathered over the years. Though at risk of reviving an old time "wishful thinking" meme, it also reminds me of how much tax loss carryover MNKD has. Of course there have always been limitation on how much of that could be used if MNKD were to be acquired... can't use that loss to offset unrelated profit... but I wonder if there would be some clever accounting that could make that loss available if UTHR were to ever acquire MNKD. Maybe they could sell the entire Tyvaso business to MNKD, and immediately merge MNKD into UTHR, thus allowing all the MNKD accumulated loss to offset big profits of Tyvaso. Wild speculation, I'm not known for that  |
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Post by standup on Feb 24, 2023 9:14:11 GMT -5
The statement of cash flows for the full year is rather messy, and showing over $80M "Net cash used in operating activities", but it seems for Q4 we were basically cash flow neutral from operations. Wish that fact a little better highlighted. Yes, negative cash flow from operations of around $2M for Q4 2022. I believe that's the closest they have ever been to a positive position. Can they get there this quarter? |
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Post by sla55 on Feb 24, 2023 9:44:24 GMT -5
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