Cumberland Pharmaceuticals (CPIX) Tops Q1 EPS by 8c

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Cumberland Pharmaceuticals Reports First Quarter 2021 Financial Results & Company Update

May 11, 2021 4:05 PM EDT

NASHVILLE, Tenn., May 11, 2021 /PRNewswire/ -- Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company, today is providing a company update and first quarter 2021 financial results. Net revenues from continuing operations during the quarter were $10.5 million, a 26.5% increase over the prior year period. The company also recorded an additional $500,000 in revenue during the first quarter associated with divested product rights for two brands it is no longer distributing.

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