Psychemedics Corporation (PMD) Financial Statements (2024 and earlier)

Company Profile

Business Address 125 NAGOG PARK
ACTON, MA 01720
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8071 - Medical Laboratories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7501,9922,8337,2837,9748,165
Cash and cash equivalents4,7501,9922,8337,2834,0698,165
Short-term investments     3,905 
Receivables4,0786,7945,8513,7804,8294,488
Other undisclosed current assets1,1361,4999141,7881,0671,212
Total current assets:9,96410,2859,59812,85113,87013,865
Noncurrent Assets
Operating lease, right-of-use asset2,6813,5524,2862,875
Property, plant and equipment4,5736,6919,23110,86210,17711,811
Deferred income tax assets 691160  
Other noncurrent assets823864888943927832
Other undisclosed noncurrent assets      
Total noncurrent assets:8,76811,26714,40514,68011,10412,643
TOTAL ASSETS:18,73221,55224,00327,53124,97426,508
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,3874,1822,3784,1943,6443,268
Accounts payable448994577617682398
Accrued liabilities3,9393,1881,8013,5772,9622,870
Debt2946646881,641416957
Other undisclosed current liabilities1,037984875   
Total current liabilities:5,7185,8303,9415,8354,0604,225
Noncurrent Liabilities
Long-term debt and lease obligation3053,4797,3394,3261,2122,420
Long-term debt, excluding current maturities3055993,4441,9511,2122,420
Liabilities, other than long-term debt1,938 2115509551,243
Deferred tax liabilities, net9551,243
Deferred income tax liabilities  211550
Operating lease, liability1,9382,8803,8952,375
Other undisclosed noncurrent liabilities  (2,880)    
Total noncurrent liabilities:2,2433,4797,5504,8762,1673,663
Total liabilities:7,9619,30911,49110,7116,2277,888
Equity
Equity, attributable to parent10,77112,24312,51216,82018,74718,620
Common stock323131313131
Treasury stock, value(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)
Additional paid in capital34,27533,47832,80332,24931,52331,022
Accumulated other comprehensive loss(1,634)(1,634)(1,634)(1,624)(1,399)(238)
Accumulated deficit(11,820)(9,550)(8,606)(3,754)(1,326)(2,113)
Total equity:10,77112,24312,51216,82018,74718,620
TOTAL LIABILITIES AND EQUITY:18,73221,55224,00327,53124,97426,508

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues25,24024,90921,36037,67842,67439,701
Revenue, net39,701
Cost of revenue
(Cost of Goods and Services Sold)
(15,949)(14,645)(16,474)(21,234)(22,056)(19,879)
Gross profit:9,29110,2644,88616,44420,61819,822
Operating expenses(10,374)(10,055)(10,952)(13,446)(13,008)(11,665)
Operating income (loss):(1,083)209(6,066)2,9987,6108,157
Nonoperating income (expense)43(1,030)(140)584320
Other nonoperating income (expense)4361(140)584320
Interest and debt expense (32)(49)(75)(59)(106) 
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(1,072)(870)(6,281)2,9977,5478,177
Other undisclosed income from continuing operations before income taxes32497559106 
Income (loss) from continuing operations before income taxes:(1,040)(821)(6,206)3,0567,6538,177
Income tax expense (benefit)(44)1562,347(1,514)(3,069)(2,056)
Income (loss) from continuing operations:(1,084)(665)(3,859)1,5424,5846,121
Income (loss) before gain (loss) on sale of properties:(665)(3,859)1,5424,5846,121
Net income (loss) available to common stockholders, diluted:(1,084)(665)(3,859)1,5424,5846,121

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,084)(665)(3,859)1,5424,5846,121
Comprehensive income (loss):(1,084)(665)(3,859)1,5424,5846,121
Other undisclosed comprehensive loss, net of tax, attributable to parent   (10)(225)(1,161)(238)
Comprehensive income (loss), net of tax, attributable to parent:(1,084)(665)(3,869)1,3173,4235,883

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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