2021 Q3 Form 10-Q Financial Statement

#000156459021055727 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q3
Revenue $22.21M $23.28M $15.35M
YoY Change 44.68% 54.03% 5.19%
Cost Of Revenue $9.887M $9.926M $3.591M
YoY Change 175.33% 169.95% -49.42%
Gross Profit $12.32M $13.35M $11.76M
YoY Change 4.79% 16.76% 56.9%
Gross Profit Margin 55.49% 57.36% 76.61%
Selling, General & Admin $17.22M $20.06M $13.90M
YoY Change 23.9% 46.72% -16.77%
% of Gross Profit 139.74% 150.19% 118.18%
Research & Development $3.655M $2.329M $1.484M
YoY Change 146.29% 59.08% -6.08%
% of Gross Profit 29.66% 17.44% 12.62%
Depreciation & Amortization $508.0K $481.0K $455.0K
YoY Change 11.65% 7.37% 14.9%
% of Gross Profit 4.12% 3.6% 3.87%
Operating Expenses $20.88M $22.38M $15.38M
YoY Change 35.71% 47.91% 873.61%
Operating Profit -$8.552M -$9.031M -$9.130M
YoY Change -6.33% 14.1% 4.0%
Interest Expense -$699.0K -$4.058M -$6.300M
YoY Change -88.9% -5.63% 384.62%
% of Operating Profit
Other Income/Expense, Net $1.000K -$25.25M $0.00
YoY Change 980.45% -100.0%
Pretax Income -$4.426M -$35.52M -$11.50M
YoY Change -61.51% 246.5% 10.58%
Income Tax $0.00 $0.00 -$218.0K
% Of Pretax Income
Net Earnings -$4.426M -$35.52M -$11.26M
YoY Change -60.68% 246.5% 8.53%
Net Earnings / Revenue -19.93% -152.59% -73.31%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$17.71K -$142.5K -$49.19K
COMMON SHARES
Basic Shares Outstanding 249.9M
Diluted Shares Outstanding 249.9M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $139.1M $162.5M $52.40M
YoY Change 165.37% 157.11% 4.59%
Cash & Equivalents $51.74M $62.52M $52.40M
Short-Term Investments $87.31M $99.97M $0.00
Other Short-Term Assets $3.227M $3.624M $4.900M
YoY Change -34.14% 64.73% 25.64%
Inventory $7.482M $7.482M $4.881M
Prepaid Expenses
Receivables $9.445M $6.305M $4.135M
Other Receivables $6.792M $2.101M $0.00
Total Short-Term Assets $159.2M $179.9M $66.30M
YoY Change 140.13% 147.8% 7.46%
LONG-TERM ASSETS
Property, Plant & Equipment $30.85M $28.14M $25.74M
YoY Change 19.86% 7.45% -22.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.06M $38.95M
YoY Change
Other Assets $6.094M $5.799M $3.600M
YoY Change 69.28% 44.98%
Total Long-Term Assets $79.00M $72.89M $29.40M
YoY Change 168.71% 141.35% -11.98%
TOTAL ASSETS
Total Short-Term Assets $159.2M $179.9M $66.30M
Total Long-Term Assets $79.00M $72.89M $29.40M
Total Assets $238.2M $252.8M $95.70M
YoY Change 148.91% 145.91% 0.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.528M $7.486M $5.800M
YoY Change 64.28% 29.07% -50.43%
Accrued Expenses $20.83M $22.41M $15.81M
YoY Change 31.71% 52.36% 13.77%
Deferred Revenue $14.02M
YoY Change
Short-Term Debt $0.00 $0.00 $45.40M
YoY Change -100.0% -100.0%
Long-Term Debt Due $0.00 $4.873M $45.40M
YoY Change -100.0% 1716.0%
Total Short-Term Liabilities $50.03M $60.43M $106.1M
YoY Change -52.84% -11.0% 65.01%
LONG-TERM LIABILITIES
Long-Term Debt $280.7M $280.3M $76.45M
YoY Change 267.22% 140.77% -34.27%
Other Long-Term Liabilities $5.007M $5.317M $99.50M
YoY Change -94.97% -94.59% 0.2%
Total Long-Term Liabilities $5.007M $5.317M $76.45M
YoY Change -93.45% -97.52% -64.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.03M $60.43M $106.1M
Total Long-Term Liabilities $5.007M $5.317M $76.45M
Total Liabilities $55.04M $436.3M $282.1M
YoY Change -80.49% 54.46% 0.81%
SHAREHOLDERS EQUITY
Retained Earnings -$3.100B -$3.100B -$3.000B
YoY Change 3.33% 3.33% 0.75%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$184.7M -$183.6M -$186.4M
YoY Change
Total Liabilities & Shareholders Equity $238.2M $252.8M $95.70M
YoY Change 148.91% 145.91% 0.59%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q3
OPERATING ACTIVITIES
Net Income -$4.426M -$35.52M -$11.26M
YoY Change -60.68% 246.5% 8.53%
Depreciation, Depletion And Amortization $508.0K $481.0K $455.0K
YoY Change 11.65% 7.37% 14.9%
Cash From Operating Activities -$15.18M -$21.45M -$13.46M
YoY Change 12.81% 482.83% -74.14%
INVESTING ACTIVITIES
Capital Expenditures -$4.246M -$1.050M $0.00
YoY Change 600.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $9.238M -$111.5M $0.00
YoY Change -100.0%
Cash From Investing Activities $4.992M -$112.5M $0.00
YoY Change 74920.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -590.0K -51.49M 2.640M
YoY Change -122.35% -282.66% -95.97%
NET CHANGE
Cash From Operating Activities -15.18M -21.45M -13.46M
Cash From Investing Activities 4.992M -112.5M 0.000
Cash From Financing Activities -590.0K -51.49M 2.640M
Net Change In Cash -10.78M -185.5M -10.82M
YoY Change -0.35% -861.38% -162.91%
FREE CASH FLOW
Cash From Operating Activities -$15.18M -$21.45M -$13.46M
Capital Expenditures -$4.246M -$1.050M $0.00
Free Cash Flow -$10.94M -$20.40M -$13.46M
YoY Change -18.74% 477.85% -73.65%

Facts In Submission

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<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk<span style="font-style:normal;"> — Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents and investments. Cash and cash equivalents are held in high credit quality institutions. Cash equivalents consist of interest-bearing money market accounts and U.S. Treasury securities with maturities less than 90 days. Investments generally consist of commercial paper, corporate notes or bonds and U.S. Treasury securities. The cash equivalents and investments are regularly monitored by management.</span></p>
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CY2020Q3 mnkd Amortization Of Debt Discount
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mnkd Amortization Of Debt Discount
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CY2021Q3 us-gaap Amortization Of Financing Costs
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CY2020Q3 us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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CY2021Q3 mnkd Milestone Rights Liabilities Current And Noncurrent
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CY2020Q4 mnkd Milestone Rights Liabilities Current And Noncurrent
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CY2021Q2 us-gaap Proceeds From Related Party Debt
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CY2021Q3 us-gaap Short Term Investments
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us-gaap Earnings Per Share Basic And Diluted
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CY2021Q3 us-gaap Common Stock Shares Authorized
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CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q3 us-gaap Preferred Stock Shares Authorized
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CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2021Q3 us-gaap Common Stock Shares Issued
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us-gaap Proceeds From Stock Plans
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mnkd Market Price Stock Purchase Plan
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CY2020Q3 us-gaap Proceeds From Stock Plans
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CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q3 us-gaap Purchase Obligation Due In Second Year
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CY2021Q3 us-gaap Purchase Obligation Due In Next Twelve Months
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us-gaap Operating Lease Cost
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CY2020Q3 us-gaap Variable Lease Cost
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us-gaap Operating Lease Payments
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CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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