In This Article:
MannKind (NASDAQ:MNKD) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$70.1m (up 37% from 3Q 2023).
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Net income: US$11.6m (up by US$9.83m from 3Q 2023).
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Profit margin: 17% (up from 3.4% in 3Q 2023). The increase in margin was driven by higher revenue.
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EPS: US$0.042 (up from US$0.006 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MannKind EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 4 warning signs for MannKind (2 make us uncomfortable!) that you need to be mindful of.
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