Cumberland Pharmaceuticals (CPIX) Tops Q4 EPS by 2c, Revenues Beat
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Cumberland Pharmaceuticals Reports 9% Revenue Growth In 2020
March 9, 2021 4:05 PM ESTNASHVILLE, Tenn., March 9, 2021 /PRNewswire/ --Â Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company focused on hospital acute care, gastroenterology and rheumatology, today announced fourth quarter and full year 2020 financial results. Net Revenues for the fourth quarter were $10.3 million, up 10% over the prior year period. For the full year 2020, Net Revenues totaled $37.4 million, a 9% increase over 2019. The company also recorded an additional $3.2 million in revenue during the year associated with divested product rights for two brands it is no longer distributing.
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