Psychemedics Corporation (PMD) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,2836,4927,0977,1387,9746,0167,721
Cash and cash equivalents7,2836,4927,0973,2264,0696,0167,721
Short-term investments   3,9123,905  
Receivables3,7805,1714,5265,1314,8298,0675,195
Other undisclosed current assets1,7881,8241,7001,2041,0671,3591,465
Total current assets:12,85113,48713,32313,47313,87015,44214,381
Noncurrent Assets
Operating lease, right-of-use asset2,8753,2141,416 
Property, plant and equipment10,8629,1399,5039,55610,17710,64411,129
Other noncurrent assets943944893901927900915
Other undisclosed noncurrent assets   1,599   
Total noncurrent assets:14,68013,29711,81212,05611,10411,54412,044
TOTAL ASSETS:27,53126,78425,13525,52924,97426,98626,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1943,0992,9243,0053,6444,7214,131
Accounts payable6173727043786828131,117
Accrued liabilities3,5772,7272,2202,6272,9623,9083,014
Debt1,6411,5871,277416416941957
Other undisclosed current liabilities   950   
Total current liabilities:5,8354,6864,2014,3714,0605,6625,088
Noncurrent Liabilities
Long-term debt and lease obligation4,3263,2611,5601,1091,2121,7191,942
Long-term debt, excluding current maturities1,9519001,0051,1091,2121,7191,942
Operating lease, liability2,3752,361555 
Liabilities, other than long-term debt550  9079551,0911,138
Deferred tax liabilities, net9079551,0911,138
Deferred income tax liabilities550   
Other undisclosed noncurrent liabilities 817897649   
Total noncurrent liabilities:4,8764,0782,4572,6652,1672,8103,080
Total liabilities:10,7118,7646,6587,0366,2278,4728,168
Stockholders' equity
Stockholders' equity attributable to parent16,82018,02018,47718,49318,74718,51418,257
Common stock31313131313131
Treasury stock, value(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)
Additional paid in capital32,24931,99931,80931,68131,52331,36531,208
Accumulated other comprehensive loss(1,624)(1,696)(1,365)(1,447)(1,399)(1,584)(1,403)
Accumulated deficit(3,754)(2,232)(1,916)(1,690)(1,326)(1,216)(1,497)
Total stockholders' equity:16,82018,02018,47718,49318,74718,51418,257
TOTAL LIABILITIES AND EQUITY:27,53126,78425,13525,52924,97426,98626,425

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues8,7159,8529,2899,8229,93611,01610,787
Cost of revenue
(Cost of Goods and Services Sold)
(5,230)(5,470)(5,120)(5,414)(5,203)(5,658)(5,615)
Gross profit:3,4854,3824,1694,4084,7335,3585,172
Operating expenses(4,091)(3,048)(2,843)(3,464)(3,205)(3,238)(3,116)
Operating income (loss):(606)1,3341,3269441,5282,1202,056
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
462226(4)(9)24
Interest and debt expense   (17)(23)(27)(28)
Other undisclosed loss from continuing operations before equity method investments, income taxes(59)      
Income (loss) from continuing operations before equity method investments, income taxes:(661)1,3401,3489531,5012,0842,052
Other undisclosed income from continuing operations before income taxes59  17232728
Income (loss) from continuing operations before income taxes:(602)1,3401,3489701,5242,1112,080
Income tax expense (benefit)72(663)(580)(343)(643)(836)(903)
Net income (loss) available to common stockholders, diluted:(530)6777686278811,2751,177

Comprehensive Income ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(530)6777686278811,2751,177
Comprehensive income (loss):(530)6777686278811,2751,177
Other undisclosed comprehensive income (loss), net of tax, attributable to parent72(330)82(48)185(180)(1,154)
Comprehensive income (loss), net of tax, attributable to parent:(458)3478505791,0661,09523

Statements sources

The financial statements are based on the company's filings with the 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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