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Cumberland Pharmaceuticals Reports 23% Revenue Growth Year-to-Date

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Cumberland Pharmaceuticals (NASDAQ:CPIX) reported strong financial performance with Q2 2025 revenues of $10.8 million, up 10% year-over-year, and year-to-date revenues of $22.6 million, representing a 23% increase. The company's key developments include the launch of Vibativ® 4-Vial Starter Pak through Vizient Inc., and breakthrough findings from the Phase II FIGHT DMD trial showing 5.4% improvement in cardiac function with ifetroban.

Q2 2025 product revenues included $2.8M for Kristalose®, $3.1M for Sancuso®, $2.7M for Vibativ®, and $1.6M for Caldolor®. The company reported a Q2 net loss of $741,000 but maintained year-to-date net income of $516,000. Cumberland ended Q2 with $68M in total assets, including $16M in cash, and $28M in shareholders' equity.

Cumberland Pharmaceuticals (NASDAQ:CPIX) ha riportato una solida performance finanziaria con ricavi del secondo trimestre 2025 pari a 10,8 milioni di dollari, in crescita del 10% su base annua, e ricavi da inizio anno di 22,6 milioni di dollari, con un aumento del 23%. Tra gli sviluppi chiave dell'azienda figurano il lancio del Vibativ® 4-Vial Starter Pak tramite Vizient Inc. e i risultati rivoluzionari della fase II dello studio FIGHT DMD, che mostrano un miglioramento del 5,4% della funzione cardiaca con ifetroban.

I ricavi da prodotti nel secondo trimestre 2025 includevano 2,8 milioni di dollari per Kristalose®, 3,1 milioni per Sancuso®, 2,7 milioni per Vibativ® e 1,6 milioni per Caldolor®. L'azienda ha registrato una perdita netta di 741.000 dollari nel secondo trimestre, mantenendo però un utile netto da inizio anno di 516.000 dollari. Cumberland ha chiuso il secondo trimestre con 68 milioni di dollari in attività totali, di cui 16 milioni in liquidità e 28 milioni in patrimonio netto degli azionisti.

Cumberland Pharmaceuticals (NASDAQ:CPIX) reportó un sólido desempeño financiero con ingresos del segundo trimestre de 2025 de 10,8 millones de dólares, un aumento del 10% interanual, y ingresos acumulados en el año de 22,6 millones de dólares, lo que representa un incremento del 23%. Los desarrollos clave de la compañía incluyen el lanzamiento del Vibativ® 4-Vial Starter Pak a través de Vizient Inc. y hallazgos innovadores del ensayo FIGHT DMD de fase II que muestran una mejora del 5,4% en la función cardíaca con ifetroban.

Los ingresos por productos en el segundo trimestre de 2025 incluyeron 2,8 millones de dólares para Kristalose®, 3,1 millones para Sancuso®, 2,7 millones para Vibativ® y 1,6 millones para Caldolor®. La empresa reportó una pérdida neta de 741.000 dólares en el segundo trimestre, pero mantuvo un ingreso neto acumulado en el año de 516.000 dólares. Cumberland cerró el segundo trimestre con 68 millones de dólares en activos totales, incluyendo 16 millones en efectivo y 28 millones en patrimonio neto.

Cumberland Pharmaceuticals (NASDAQ:CPIX)2025년 2분기 매출 1,080만 달러로 전년 동기 대비 10% 증가했으며, 연간 누적 매출 2,260만 달러로 23% 상승한 강력한 재무 성과를 보고했습니다. 회사의 주요 발전 사항으로는 Vizient Inc.를 통한 Vibativ® 4-Vial Starter Pak 출시와 ifetroban을 사용한 FIGHT DMD 2상 시험에서 심장 기능 5.4% 개선이라는 획기적인 결과가 포함됩니다.

2025년 2분기 제품 매출은 Kristalose® 280만 달러, Sancuso® 310만 달러, Vibativ® 270만 달러, Caldolor® 160만 달러를 기록했습니다. 회사는 2분기 순손실 74만 1,000달러를 보고했으나, 연간 누적 순이익은 51만 6,000달러를 유지했습니다. Cumberland는 2분기 말에 총 자산 6,800만 달러, 현금 1,600만 달러, 주주 자본 2,800만 달러를 보유하고 있습니다.

Cumberland Pharmaceuticals (NASDAQ:CPIX) a annoncé une solide performance financière avec des revenus du deuxième trimestre 2025 de 10,8 millions de dollars, en hausse de 10 % d'une année sur l'autre, et des revenus cumulés depuis le début de l'année de 22,6 millions de dollars, soit une augmentation de 23 %. Les développements clés de l'entreprise incluent le lancement du Vibativ® 4-Vial Starter Pak via Vizient Inc., ainsi que des résultats révolutionnaires de l'essai de phase II FIGHT DMD montrant une amélioration de 5,4 % de la fonction cardiaque avec l'ifetroban.

Les revenus des produits au deuxième trimestre 2025 comprenaient 2,8 millions de dollars pour Kristalose®, 3,1 millions pour Sancuso®, 2,7 millions pour Vibativ® et 1,6 million pour Caldolor®. La société a enregistré une perte nette de 741 000 dollars au deuxième trimestre, mais a maintenu un bénéfice net cumulé depuis le début de l'année de 516 000 dollars. Cumberland a clôturé le deuxième trimestre avec 68 millions de dollars d'actifs totaux, dont 16 millions en liquidités et 28 millions en capitaux propres.

Cumberland Pharmaceuticals (NASDAQ:CPIX) meldete eine starke finanzielle Leistung mit Umsätzen im zweiten Quartal 2025 von 10,8 Millionen US-Dollar, was einem Anstieg von 10 % im Jahresvergleich entspricht, und Umsätzen seit Jahresbeginn von 22,6 Millionen US-Dollar, was eine Steigerung von 23 % darstellt. Zu den wichtigsten Entwicklungen des Unternehmens zählen die Einführung des Vibativ® 4-Vial Starter Pak über Vizient Inc. sowie bahnbrechende Ergebnisse der Phase-II-Studie FIGHT DMD, die eine Verbesserung der Herzfunktion um 5,4 % mit Ifetroban zeigen.

Die Produktumsätze im zweiten Quartal 2025 umfassten 2,8 Mio. USD für Kristalose®, 3,1 Mio. USD für Sancuso®, 2,7 Mio. USD für Vibativ® und 1,6 Mio. USD für Caldolor®. Das Unternehmen meldete einen Nettoverlust von 741.000 USD im zweiten Quartal, behielt jedoch einen Nettogewinn von 516.000 USD seit Jahresbeginn bei. Cumberland schloss das zweite Quartal mit 68 Mio. USD an Gesamtvermögen ab, darunter 16 Mio. USD in bar und 28 Mio. USD Eigenkapital.

Positive
  • Revenue growth of 23% year-to-date and 10% in Q2 2025
  • Positive Phase II FIGHT DMD trial results showing 5.4% cardiac function improvement
  • Strong cash position with $16M in cash and $68M in total assets
  • Expanded market access through Vizient Inc. partnership for Vibativ
  • Year-to-date net income of $516,000 and adjusted earnings of $2.8M
Negative
  • Q2 2025 net loss of $741,000
  • Operating expenses of $11.6M in Q2 exceeded quarterly revenue of $10.8M
  • $5M outstanding on company's credit facility

Insights

Cumberland shows strong YTD growth with 23% revenue increase and promising Phase II DMD trial results showing cardiac function improvement.

Cumberland Pharmaceuticals has delivered solid financial performance in Q2 2025 with $10.8 million in revenue, representing a 10% increase year-over-year. More impressively, year-to-date revenues reached $22.6 million, a robust 23% growth over the same period in 2024. This growth trajectory demonstrates Cumberland's expanding market penetration with its FDA-approved specialty products.

The revenue breakdown shows a balanced portfolio contribution, with Sancuso leading at $3.1 million for Q2, followed by Kristalose ($2.8 million), Vibativ ($2.7 million), and Caldolor ($1.6 million). Year-to-date, Kristalose remains the top performer at $6.2 million. Despite the revenue growth, the company reported a Q2 net loss of $741,000, though maintaining year-to-date profitability of $516,000.

Cumberland's most significant clinical development comes from its Phase II FIGHT DMD trial for ifetroban, which demonstrated a 5.4% improvement in cardiac function in Duchenne muscular dystrophy patients. This is particularly noteworthy as cardiomyopathy is the leading cause of death in DMD patients, affecting 90% of this population. The company has completed its clinical study report and requested an end-of-Phase II meeting with the FDA, potentially accelerating the development timeline.

The company is expanding Vibativ's market access through a new supply arrangement with Vizient Inc., which serves over 65% of U.S. acute care providers. This strategic partnership, combined with newly published pharmacokinetic data supporting optimized dosing strategies, positions Vibativ for continued growth. Meanwhile, new data on Caldolor demonstrates its safety in older patients, opening a valuable market segment where traditional opioid pain management carries increased risks.

With $16 million in cash, total assets of $68 million, and manageable debt of $5 million on its credit facility, Cumberland maintains a solid balance sheet to support both current operations and ongoing clinical development programs across multiple indications.

NASHVILLE, Tenn., Aug. 5, 2025 /PRNewswire/ -- Cumberland Pharmaceuticals Inc. (Nasdaq: CPIX), a specialty pharmaceutical company, announced today that its product portfolio of FDA-approved brands delivered combined net revenues of $10.8 million during the second quarter of 2025, a 10% increase over the prior year period. Year-to-date revenues for the first six months of the year totaled $22.6 million, representing an increase of 23% over the first half of 2024.

Cumberland ended the quarter with approximately $68 million in total assets, $40 million in liabilities and $28 million of shareholders' equity.

"We have had a strong first half of the year, especially following the progress of our clinical development programs," said Cumberland Pharmaceuticals CEO A.J. Kazimi. "We look forward to building on this success throughout the remainder of the year as we continue our mission of working together to provide unique products that improve the quality of patient care."

RECENT COMPANY DEVELOPMENTS INCLUDE:

Vibativ® 4-Vial Starter Pak Now Available for Vizient Providers

Cumberland recently announced the availability of the Vibativ (telavancin) 4-Vial Starter Pak through a new supply arrangement with Vizient Inc., making it accessible to their health care providers nationwide.

As the country's largest provider-driven health care performance improvement company, Vizient serves more than 65% of the nation's acute care providers, including 97% of academic medical centers and 35% of the non-acute market. Through this agreement, Vizient members now have access to Vibativ's new 4-vial configuration, which supports flexible treatment initiation in both inpatient and outpatient settings for this potentially life-saving therapy.

Pharmacokinetic Analysis Reinforces Vibativ Dosing Strategies

A comprehensive new pharmacokinetic analysis of Vibativ was published in Antimicrobial Agents and Chemotherapy in June 2025. The analysis utilizes data from over 1,200 patients across varied demographics and comorbidity profiles. The findings support optimized dosing strategies for patients with different infection severities and renal function levels, reinforcing Vibativ's critical role in treating life-threatening gram-positive infections.

Ifetroban Clinical Studies

In June 2025, breakthrough findings from Cumberland's Phase II FIGHT DMD trial, evaluating its ifetroban product candidate in patients with Duchenne muscular dystrophy ("DMD"), were presented at the Parent Project Muscular Dystrophy Annual Conference. The findings demonstrated that high-dose ifetroban delivered a 5.4% improvement in cardiac function in patients with DMD. The presentation also included additional biomarker data indicating reduced cardiac damage, which correlated with the clinical findings. These results position ifetroban as a potential treatment for DMD cardiomyopathy – the leading cause of death in these patients and a critical unmet medical need affecting 90% of DMD patients.

The top-line FIGHT DMD study findings were also selected for a late-breaking presentation at the Muscular Dystrophy Association's Clinical & Scientific Conference in March 2025. In June 2025, Cumberland completed the comprehensive analysis of the study results, completed its clinical study report and submitted it to the FDA along with a request for an end-of-Phase II meeting.

Meanwhile, Cumberland has been evaluating its ifetroban product candidate in a Phase II clinical program in patients with Systemic Sclerosis. Enrollment in the study was completed this year, and Cumberland is monitoring the clinical sites in preparation to lock the database and begin evaluating the results.

In addition, Cumberland has a Phase II clinical study, the FIGHTING FIBROSIS™ trial, underway in patients with Idiopathic Pulmonary Fibrosis, the most common form of progressive fibrosing interstitial lung disease. Patient enrollment is now well underway in medical centers across the U.S. The study design includes both an interim safety analysis, as well as an interim efficacy analysis.

New Study Features Caldolor® (ibuprofen injection) for Older Patients

In May 2025, Cumberland announced the publication of its study investigating Caldolor (intravenous ibuprofen) in Clinical Therapeutics, demonstrating the product's safety and efficacy for managing post-operative pain in patients 60 years of age and older. The analysis, encompassing over 1,000 older patients from comprehensive post-surgical studies, represents the first such evaluation in this vulnerable population, where traditional pain management options such as opioids carry increased risk.

FINANCIAL RESULTS:

Net Revenue: For the second quarter of 2025, net revenues were $10.8 million and included $2.8 million for Kristalose®, $3.1 million for Sancuso®, $2.7 million for Vibativ® and $1.6 million for Caldolor®.

Year-to-date 2025 net revenues were $22.6 million. Year-to-date net revenues by product were $6.2 million for Kristalose, $5.4 million for Sancuso, $4.1 million for Vibativ and $2.9 million for Caldolor.

Operating Expenses: Total operating expenses were $11.6 million for the second quarter of 2025 and $22 million for the first half of the year.

Net Income (loss): Year-to-date net income was approximately $516,000 and the second quarter net loss was approximately $741,000.

Adjusted Earnings: Adjusted earnings for the six months ended 2025 were $2.8 million, or $0.18 per diluted share.

Balance Sheet: At June 30, 2025, Cumberland had approximately $68 million in total assets, including $16 million in cash and cash equivalents. Liabilities totaled $40 million, including $5 million on the company's credit facility. Total shareholders' equity was $28 million on June 30, 2025.

EARNINGS REPORT CALL:

A conference call will be held today, August 5, 2025, at 4:30 p.m. Eastern Time to provide a company update and discuss the financial results.

The link to register is https://register-conf.media-server.com/register/BI0e0cfee6a381408fa7d3d939d82dfa04.

Registered participants can dial in from their phone using a dial-in and PIN number that will be provided to them. Alternatively, they can choose a "Call Me" option to have the system automatically call them at the start of the conference.

A replay of the call will be available for one year and can be accessed via Cumberland's website or by visiting:https://edge.media-server.com/mmc/p/zpxz72fn.

ABOUT CUMBERLAND PHARMACEUTICALS:

Cumberland Pharmaceuticals Inc. is the largest biopharmaceutical company founded and headquartered in Tennessee and is focused on providing unique products that improve the quality of patient care. The company develops, acquires, and commercializes products for the hospital acute care, gastroenterology and oncology market segments. The company's portfolio of FDA-approved brands includes:

  • Acetadote® (acetylcysteine) injection, for the treatment of acetaminophen poisoning;
  • Caldolor® (ibuprofen) injection, for the treatment of pain and fever;
  • Kristalose® (lactulose) oral, a prescription laxative, for the treatment of constipation;
  • Sancuso® (granisetron) transdermal, for the prevention of nausea and vomiting in patients receiving certain types of chemotherapy treatment;
  • Vaprisol® (conivaptan) injection, to raise serum sodium levels in hospitalized patients with euvolemic and hypervolemic hyponatremia; and
  • Vibativ® (telavancin) injection, for the treatment of certain serious bacterial infections including hospital-acquired and ventilator-associated bacterial pneumonia, as well as complicated skin and skin structure infections.

The company also has a series of Phase II clinical programs underway evaluating its ifetroban product candidate in patients with Duchenne Muscular Dystrophy, Systemic Sclerosis and Pulmonary Fibrosis.

For more information on Cumberland's approved products, including full prescribing information, please visit the links to the individual product websites, which can be found on the company's website at www.cumberlandpharma.com.

About Acetadote® (acetylcysteine) Injection

Acetadote, administered intravenously within 8 to 10 hours after ingestion of a potentially hepatotoxic quantity of acetaminophen, is indicated to prevent or lessen hepatic injury. Used in the emergency department, Acetadote is approved in the United States to treat overdose of acetaminophen, a common ingredient in many over-the-counter medications. Acetadote is contraindicated in patients with hypersensitivity or previous anaphylactoid reactions to acetylcysteine or any components of the preparation. For full prescribing and safety information, visit www.acetadote.com.

About Caldolor® (ibuprofen) Injection

Caldolor is indicated in adults and pediatric patients for the management of mild to moderate pain and the management of moderate to severe pain as an adjunct to opioid analgesics, as well as the reduction of fever. It was the first FDA-approved intravenous therapy for fever.

Caldolor is contraindicated in patients with known hypersensitivity to ibuprofen or other non-steroidal anti-inflammatory drugs (NSAIDs) as well as patients with a history of asthma or other allergic type reactions after taking aspirin or other NSAIDs. Caldolor is contraindicated for use during the peri-operative period in the setting of coronary artery bypass graft (CABG) surgery. For full prescribing and safety information, including boxed warning, visit www.caldolor.com.

About Kristalose® (lactulose) Oral Solution

Kristalose is indicated for the treatment of acute and chronic constipation. It is a unique, proprietary, crystalline form of lactulose, with no restrictions on length of therapy or patient age. Kristalose is contraindicated in patients who require a low-galactose diet. Elderly, debilitated patients who receive lactulose for more than six months should have serum electrolytes (potassium, chloride, carbon dioxide) measured periodically. For full prescribing and safety information, visit www.kristalose.com

About Sancuso® (granisetron) Transdermal System

Sancuso is the only skin patch approved by the FDA for the prevention of chemotherapy-induced nausea and vomiting (CINV) in patients receiving moderately and/or highly emetogenic chemotherapy. When applied 24 to 48 hours before receiving chemotherapy, the Sancuso patch slowly and continuously releases the medicine contained in the adhesive through clean and intact skin areas into the patient's bloodstream. It can prevent CINV for chemotherapy regimens of up to five consecutive days. For full prescribing and safety information, visit www.sancuso.com.

About Vaprisol® (conivaptan hydrochloride) Injection

Vaprisol is an intravenous treatment for hyponatremia used in the critical care setting. Hyponatremia is an electrolyte disturbance in which sodium ion concentration in blood plasma is lower than normal. This can be associated with a variety of critical care conditions including congestive heart failure, liver failure, kidney failure and pneumonia. The product is a vasopressin receptor antagonist that raises serum sodium levels and promotes free water secretion. Vaprisol is contraindicated in patients with hypovolemic hyponatremia. The coadministration of Vaprisol with potent CYP3A inhibitors, such as ketoconazole, itraconazole, clarithromycin, ritonavir and indinavir, is contraindicated. For full prescribing and safety information, including boxed warning, visit www.vaprisol.com

About Vibativ® (telavancin) for Injection

Vibativ is a patented, FDA-approved injectable anti-infective for the treatment of certain serious bacterial infections including hospital-acquired and ventilator-associated bacterial pneumonia and complicated skin and skin structure infections. It addresses a range of Gram-positive bacterial pathogens, including those that are considered difficult-to-treat and multidrug-resistant. Intravenous unfractionated heparin sodium is contraindicated with Vibativ administration due to artificially prolonged activated partial thromboplastin time (aPTT) test results for up to 18 hours after Vibativ administration. Vibativ is contraindicated in patients with a known hypersensitivity to telavancin. For more information, please visit www.vibativ.com.

ABOUT CUMBERLAND EMERGING TECHNOLOGIES:

Cumberland Emerging Technologies, Inc. (www.cet-fund.com) is a joint initiative between Cumberland Pharmaceuticals Inc., Vanderbilt University, LaunchTN and WinHealth. The mission of CET is to advance biomedical technologies and products conceived at Vanderbilt University and other regional research centers towards the marketplace.

CET helps manage the development and commercialization process for select projects, and provides expertise on intellectual property, regulatory, manufacturing and marketing issues that are critical to successful new biomedical products. CET's Life Sciences Center provides laboratory space, equipment and infrastructure for CET's activities and other early-stage life sciences ventures.

FORWARD LOOKING STATEMENTS:

This press release contains forward-looking statements, which are subject to certain risks and reflect Cumberland's current views on future events based on what it believes are reasonable assumptions. No assurance can be given that these events will occur. Forward-looking statements include, among other things, statements regarding the Company's intent, belief or expectations, and can be identified by the use of terminology such as "may," "will," "expect," "believe," "intend," "plan," "estimate," "should," "seek," "anticipate," "look forward" and other comparable terms or the negative thereof. As with any business, all phases of Cumberland's operations are subject to factors outside of its control, and any one or combination of these factors could materially affect Cumberland's operation results. These factors include macroeconomic conditions, including rising interest rates and inflation, tariffs, competition, an inability of manufacturers to produce Cumberland's products on a timely basis, failure of manufacturers to comply with regulations applicable to pharmaceutical manufacturers, natural disasters, public health epidemics, maintaining an effective sales and marketing infrastructure, and other events beyond the Company's control as more fully discussed in its most recent annual report on Form 10-K as filed with the U.S. Securities and Exchange Commission ("SEC"), as well as the Company's other filings with the SEC from time to time. There can be no assurance that results anticipated by the company will be realized or that they will have the expected effects. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to publicly revise these statements to reflect events after the date hereof.

CUMBERLAND PHARMACEUTICALS INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)






June 30, 2025


December 31, 2024

ASSETS




Current assets:




Cash and cash equivalents

$              16,087,281


$              17,964,184

Accounts receivable, net

10,316,911


11,701,466

Inventories, net

3,222,872


3,999,995

Prepaid and other current assets

1,578,265


2,786,513

Total current assets

31,205,329


36,452,158

Non-current inventories

9,526,122


11,005,499

Property and equipment, net

297,793


277,365

Intangible assets, net

15,988,232


17,973,449

Goodwill

914,000


914,000

Operating lease right-of-use assets

7,125,408


6,176,923

Other assets

2,850,265


2,784,016

Total assets

$              67,907,149


$              75,583,410

LIABILITIES AND EQUITY




Current liabilities:




Accounts payable

$              13,446,531


$              13,914,266

Operating lease current liabilities

386,077


356,508

Current portion of revolving line of credit


5,100,000

Other current liabilities

10,139,532


12,250,955

Total current liabilities

23,972,140


31,621,729

Revolving line of credit - long term

5,240,733


10,176,170

Operating lease non-current liabilities

4,714,183


4,939,739

Other long-term liabilities

6,301,166


6,299,795

Total liabilities

40,228,222


53,037,433

Equity:




Shareholders' equity:




Common stock—  no par value; 100,000,000 shares authorized; 14,959,937
and 13,952,624 shares issued and outstanding as of June 30, 2025 and
December 31, 2024, respectively

51,441,398


46,821,425

Accumulated deficit

(23,451,603)


(23,967,931)

Total shareholders' equity

27,989,795


22,853,494

Noncontrolling interests

(310,868)


(307,517)

Total equity

27,678,927


22,545,977

Total liabilities and equity

$              67,907,149


$              75,583,410

 

CUMBERLAND PHARMACEUTICALS INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(Unaudited)






Three months ended June 30,


Six months ended June 30,


2025


2024


2025


2024

Net revenues

$    10,837,363


$       9,848,849


$    22,550,418


$    18,346,550

Costs and expenses:








Cost of products sold

2,011,389


1,710,944


3,437,103


3,286,486

Selling and marketing

4,223,647


4,248,401


8,455,627


8,402,989

Research and development

1,468,399


1,059,187


2,763,475


2,217,440

General and administrative

2,874,922


2,757,148


5,337,930


5,125,055

Amortization

1,006,484


1,099,857


2,011,814


2,210,518

Total costs and expenses

11,584,841


10,875,537


22,005,949


21,242,488

Operating income (loss)

(747,478)


(1,026,688)


544,469


(2,895,938)

Interest income

127,489


61,841


253,198


158,587

Interest expense

(109,547)


(126,347)


(273,349)


(244,873)

Income (loss) before income taxes

(729,536)


(1,091,194)


524,318


(2,982,224)

Income tax expense

(5,671)


(11,443)


(11,341)


(22,885)

Net income (loss)

(735,207)


(1,102,637)


512,977


(3,005,109)

Net loss (income) at subsidiary attributable to
noncontrolling interests

(5,533)


17,025


3,351


(26,766)

Net income (loss) attributable to common
shareholders

$        (740,740)


$     (1,085,612)


$          516,328


$     (3,031,875)

Earnings (loss) per share attributable to common
shareholders








- basic

$               (0.05)


$               (0.08)


$                 0.03


$               (0.21)

- diluted

$               (0.05)


$               (0.08)


$                 0.03


$               (0.21)

Weighted-average shares outstanding








- basic

14,960,596


14,118,091


14,951,609


14,107,852

- diluted

14,960,596


14,118,091


15,274,134


14,107,852









 

CUMBERLAND PHARMACEUTICALS INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited)




Six months ended June 30,


2025


2024

Cash flows from operating activities:




Net income (loss)

$                512,977


$           (3,005,109)

Adjustments to reconcile net loss to net cash provided by operating activities:




Depreciation and amortization expense

2,065,502


2,290,130

Amortization of operating lease right-of-use assets

570,369


570,369

Share-based compensation

154,898


150,712

Increase (decrease) in non-cash contingent consideration

83,578


(442,321)

Increase in cash surrender value of life insurance policies over premiums
paid

(40,507)


(101,538)

Noncash interest expense

10,723


8,654

Net changes in assets and liabilities affecting operating activities:




Accounts receivable

1,384,555


(1,861,587)

Inventories, net

1,818,196


1,243,245

Other current assets and other assets

640,023


424,684

Operating lease liabilities

(440,442)


(429,064)

Accounts payable and other current liabilities

(2,018,925)


(1,925,886)

Other long-term liabilities

1,371


85,404

Net cash provided by (used in) operating activities

4,742,318


(2,992,307)

Cash flows from investing activities:




Additions to property and equipment

(74,116)


(48,799)

Net investment in manufacturing

(836,095)


Additions to intangible assets

(32,111)


(56,191)

Net cash used in investing activities

(942,322)


(104,990)

Cash flows from financing activities:




Proceeds from ATM offering, net

5,266,334


Borrowings on line of credit


22,000,000

Payments on line of credit

(10,035,437)


(18,692,552)

Cash settlement of contingent consideration

(654,757)


(813,478)

Payments made in connection with repurchase of common shares

(253,039)


(381,851)

Net cash (used in) provided by financing activities

(5,676,899)


2,112,119

Net decrease in cash and cash equivalents

(1,876,903)


(985,178)

Cash and cash equivalents at beginning of period

17,964,184


18,321,624

Cash and cash equivalents at end of period

$          16,087,281


$          17,336,446

 

CUMBERLAND PHARMACEUTICALS INC. AND SUBSIDIARIES

Reconciliation of Net Income (loss) Attributable to Common Shareholders to Adjusted Earnings (loss)
 and Adjusted Diluted Earnings (loss) Per Share


(Unaudited)












Three months ended June 30,


Three months ended June 30,



2025


2025


2024


2024



Earnings
impact


Earnings per
share impact


Earnings
impact


Earnings per
share impact

Net loss attributable to common shareholders


$       (740,740)


$             (0.05)


$   (1,085,612)


$             (0.08)

Less: Net (income) loss at subsidiary attributable to
noncontrolling interests


(5,533)



17,025


Net loss


(735,207)


(0.05)


(1,102,637)


(0.08)

Adjustments to net loss









Income tax expense


5,671



11,443


Depreciation and amortization


1,033,918


0.07


1,139,445


0.08

Share-based compensation (a)


80,686


0.01


71,958


0.01

Interest income


(127,489)


(0.01)


(61,841)


Interest expense


109,547


0.01


126,347


0.01

Adjusted earnings (loss) and adjusted diluted
earnings (loss) per share


$         367,126


$               0.02


$         184,715


$               0.01










Diluted weighted-average common shares outstanding:




15,288,344




14,227,139

 












Six months ended June 30,


Six months ended June 30,



2025


2025


2024


2024



Earnings
impact


Earnings per
share impact


Earnings
impact


Earnings per
share impact

Net income (loss) attributable to common
shareholders


$         516,328


$               0.03


$   (3,031,875)


$             (0.21)

Less: Net (income) loss at subsidiary attributable to
noncontrolling interests


3,351



(26,766)


Net Income (loss)


512,977


0.03


(3,005,109)


(0.21)

Adjustments to net income (loss)









Income tax expense


11,341



22,885


Depreciation and amortization


2,065,502


0.14


2,290,130


0.16

Share-based compensation (a)


154,898


0.01


150,712


0.01

Interest income


(253,198)


(0.02)


(158,587)


(0.01)

Interest expense


273,349


0.02


244,873


0.02

Adjusted earnings (loss) and adjusted diluted
earnings (loss) per share


$     2,764,869


$               0.18


$       (455,096)


$             (0.03)










Diluted weighted-average common shares outstanding:




15,274,134




14,107,852

 

The Company provided the above adjusted supplemental financial performance measures, which are considered "non-GAAP" financial measures under applicable SEC rules and regulations. These financial measures should be considered supplemental to, and not as a substitute for, financial information prepared in accordance with Generally Accepted Accounting Principles ("GAAP"). The definition of these supplemental measures may differ from similarly titled measures used by others.

Because these supplemental financial measures exclude the effect of items that will increase or decrease the Company's reported results of operations, management encourages investors to review the Company's consolidated financial statements and publicly filed reports in their entirety. A reconciliation of the supplemental financial measures to the most directly comparable GAAP financial measures is included in the tables accompanying this release.

Cumberland's management believes these supplemental financial performance measures are important as they are used by management, along with financial measures in accordance with GAAP, to evaluate the Company's operating performance. In addition, Cumberland believes that they will be used by certain investors to measure the Company's operating results. Management believes that presenting these supplemental measures provides useful information about the Company's underlying performance across reporting periods on a consistent basis by excluding items that Cumberland does not believe are indicative of its core business performance or reflect long-term strategic activities. Certain of these items are not settled through cash payments and include: depreciation, amortization, share-based compensation expense and income taxes. Cumberland utilizes its net operating loss carryforwards to pay minimal income taxes. In addition, the use of these financial measures provides greater transparency to investors of supplemental information used by management in its financial and operational decision-making, including the evaluation of the Company's operating performance.

The Company defines these supplemental financial measures as follows:

  • Adjusted Earnings (loss): Net income (loss) adjusted for the impact of income taxes, depreciation and amortization expense, share-based compensation, interest income and interest expense. 

(a)        Represents the share-based compensation of Cumberland.

  • Adjusted Diluted Earnings (loss) Per Share: Adjusted Earnings (loss) divided by diluted weighted-average common shares outstanding.

 

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SOURCE Cumberland Pharmaceuticals Inc.

FAQ

What were Cumberland Pharmaceuticals (CPIX) Q2 2025 earnings results?

Cumberland reported Q2 2025 revenues of $10.8M (up 10% YoY) with a net loss of $741,000. Year-to-date revenues reached $22.6M, up 23% from 2024.

How did Cumberland's individual products perform in Q2 2025?

In Q2 2025, Sancuso led with $3.1M in revenue, followed by Kristalose ($2.8M), Vibativ ($2.7M), and Caldolor ($1.6M).

What were the key findings from Cumberland's Phase II FIGHT DMD trial?

The trial demonstrated that high-dose ifetroban delivered a 5.4% improvement in cardiac function in DMD patients, with biomarker data showing reduced cardiac damage.

What is Cumberland's (CPIX) financial position as of Q2 2025?

Cumberland ended Q2 2025 with $68M in total assets, including $16M in cash, $40M in liabilities, and $28M in shareholders' equity.

What new developments were announced for Cumberland's Vibativ product?

Cumberland launched the Vibativ 4-Vial Starter Pak through Vizient Inc., making it accessible to over 65% of U.S. acute care providers, including 97% of academic medical centers.
Cumberland Pharmaceuticals Inc

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