CUMBERLAND PHARMACEUTICALS INC
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
CPIX$5.37+2.9%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | $9,848,849 | $10,888,877 | $18,346,550 | $20,113,515 |
| Costs and expenses: | ||||
| Cost of products sold | 1,710,944 | 1,520,774 | 3,286,486 | 2,771,038 |
| Selling and marketing | 4,248,401 | 4,672,075 | 8,402,989 | 8,949,393 |
| Research and development | 1,059,187 | 1,145,038 | 2,217,440 | 2,644,708 |
| General and administrative | 2,757,148 | 2,369,883 | 5,125,055 | 4,868,876 |
| Amortization | 1,099,857 | 1,158,248 | 2,210,518 | 2,388,319 |
| Total costs and expenses | 10,875,537 | 10,866,018 | 21,242,488 | 21,622,334 |
| Operating income (loss) | (1,026,688) | 22,859 | (2,895,938) | (1,508,819) |
| Interest income | 61,841 | 57,061 | 158,587 | 107,251 |
| Other income | — | 981,806 | — | 2,828,871 |
| Interest expense | (126,347) | (192,635) | (244,873) | (378,988) |
| Income (loss) before income taxes | (1,091,194) | 869,091 | (2,982,224) | 1,048,315 |
| Income tax expense | (11,443) | (6,937) | (22,885) | (13,875) |
| Net income (loss) | (1,102,637) | 862,154 | (3,005,109) | 1,034,440 |
| Net loss (income) at subsidiary attributable to noncontrolling interests | 17,025 | 10,046 | (26,766) | 29,944 |
| Net income (loss) attributable to common shareholders | $(1,085,612) | $872,200 | $(3,031,875) | $1,064,384 |
| Earnings (loss) per share attributable to common shareholders | ||||
| - basic | $(0.08) | $0.06 | $(0.21) | $0.07 |
| - diluted | $(0.08) | $0.06 | $(0.21) | $0.07 |
| Weighted-average shares outstanding | ||||
| - basic | 14,118,091 | 14,393,711 | 14,107,852 | 14,376,260 |
| - diluted | 14,118,091 | 14,554,264 | 14,107,852 | 14,570,798 |
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