Mannkind Corp (MNKD) Posts Q1 Loss of 14c/Share

Mannkind Corp (NASDAQ: MNKD) reported Q1 EPS of ($0.14), $0.01 worse than the analyst estimate of ($0.13).

For the first quarter of 2014, total operating expenses were $41.4 million, compared to $36.4 million for the first quarter of 2013, an increase of $5.0 million. Research and development (R&D) expenses were $26.2 million for the first quarter of 2014, compared to $26.4 million for the corresponding quarter in 2013, a decrease of $0.2 million. General and administrative (G&A) expenses increased by $5.2 million to $15.2 million for the first quarter of 2014 compared to $10.0 million in the first quarter of 2013. The increase in G&A expenses was due to an increase in non-cash stock-based compensation expense of $3.4 million and $1.2 million in consulting and legal fees related to financing transactions.

For earnings history and earnings-related data on Mannkind Corp (MNKD) click here.

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