Cumberland Pharmaceuticals (CPIX) Tops Q2 EPS by 3c, Revenues Beat
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Cumberland Pharmaceuticals Reports Second Quarter 2018 Financial Results
August 14, 2018 4:05 PM EDTNASHVILLE, Tenn., Aug. 14, 2018 /PRNewswire/ --Â Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company focused on hospital acute care, gastroenterology, and oncology supportive care today announced second quarter 2018 financial results and Company update. Cumberland has a portfolio of seven U.S. Food and Drug Administration (FDA) approved brands. Net revenues for the quarter were $10.2 million, an increase of 17% over the prior year period and an 18% increase over the first quarter of this year. Â At the end of the second quarter, Cumberland had $90 million in total assets, including approximately $51 million in cash and marketable securities.
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