Cumberland Pharmaceuticals (CPIX) Reports Q3 EPS of $0.01

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Go back to Cumberland Pharmaceuticals (CPIX) Reports Q3 EPS of $0.01

Cumberland Pharmaceuticals Reports Third Quarter & Year To Date 2016 Financial Results

November 1, 2016 4:05 PM EDT

NASHVILLE, Tenn., Nov. 1, 2016 /PRNewswire/ -- Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company focused on hospital acute care and gastroenterology, today announced third quarter 2016 financial results with Net Revenues of $8.8 million and Adjusted Earnings of $1.0 million or $0.06 per share. Earnings prior to adjustments were $0.1 million or $0.01 per share.

As of September 30, 2016, the Company had approximately $91 million in Total Assets including $50 million in cash and marketable securities. Total Liabilities were approximately $17 million and Total Shareholder's Equity was just under $75... More