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Cumberland Pharmaceuticals Reports Second Quarter 2009 Financial Results
Date:8/27/2009

Cost of products sold 737,230 777,076 1,492,721 1,510,294 Selling and marketing 3,644,796 4,383,802 7,008,802 8,523,989 Research and development 918,460 2,630,725 2,028,402 3,400,842 General and administrative 1,021,639 1,236,435 2,104,733 2,681,298 Amortization of product license right 171,726 171,726 343,452 343,452 Other 25,193 26,733 51,222 54,196 ------ ------ ------ ------ Total costs and expenses 6,519,044 9,226,497 13,029,332 16,514,071 --------- --------- ---------- ---------- Operating income 1,838,488 594,116 3,632,027 2,711,141 Interest income 50,647 10,160 133,019 27,756 Interest expense (10,377) (84,224) (123,981) (181,935) ------- ------- -------- --------- Net income before income taxes 1,878,758 520,052 3,641,065 2,556,962 Income tax expense (820,335) (232,637) (1,187,392) (1,063,696) -------- -------- ----------- ---------- Net income 1,058,423 287,415 2,453,673 1,493,266 Net loss at subsidiary attributable to noncontrolling interests - 8,456 - 20,695 --- ----- --- ------ Net income attributable to common shareholders $1,058,423 $295,871 $2,453,673 $1,513,961 ========== ======== ========== ========== Earnings per share
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SOURCE Cumberland Pharmaceuticals Inc.
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