How did CPIX's revenue and expenses shift in Q4 2024?

Cumberland Pharmaceuticals Inc. (CPIX) experienced a decrease in net revenues and a reduction in operating expenses in Q4 2024 compared to the same period in the previous year.

1. **Revenue Shift**:
- **Decline in Net Revenues**: CPIX's net revenues for Q4 2024 were $9,085,826, which is a decrease from the $10,085,926 recorded in Q4 2023. This decline is attributed to lower sales of Vibativ and Kristalose.
- **Product Revenue Breakdown**: The company's product revenue breakdown for Q3 2024 includes $3.6 million for Crystal Os, $2.6 million for Sancuso, $1.3 million for Cdor, and $1 million for Vibativ. This indicates that while some products performed well, the overall revenue decline was due to the underperformance of Vibativ and Kristalose.
2. **Expense Shift**:
- **Reduced Operating Expenses**: CPIX reported a reduction in operating expenses, with the operating loss for Q4 2024 being $1,694,432, compared to $1,866,603 in the previous year. This reduction is attributed to decreased selling and marketing expenses.
- **Improved Gross Margin**: Despite the revenue decline, the company's gross margin improved to 85% during Q3 2024, indicating better operational efficiency.
3. **Financial Position**:
- **Cash and Cash Equivalents**: The company's cash and cash equivalents decreased to $17,464,754 at the end of Q4 2024, down from $18,321,624 at the end of 2023. This decline suggests that the company faced challenges in cash management during the quarter.
- **Working Capital**: CPIX maintained a positive working capital of $4,148,891 as of September 30, 2024, which is crucial for meeting short-term obligations and sustaining operations.

In conclusion, CPIX faced a challenging quarter with a decline in revenue due to product-specific issues but managed to reduce operating expenses and improve gross margins. The company's financial position showed a decrease in cash, but working capital remained sufficient.