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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8337,2837,9748,1653,9382,6893,612
Cash and cash equivalents2,8337,2834,0698,1653,9382,6893,612
Short-term investments  3,905    
Receivables5,8513,7804,8294,4885,8374,3795,898
Other undisclosed current assets9141,7881,0671,2121,0791,3881,067
Total current assets:9,59812,85113,87013,86510,8548,45610,577
Noncurrent Assets
Operating lease, right-of-use asset4,2862,875
Property, plant and equipment9,23110,86210,17711,81113,35813,13212,740
Other noncurrent assets888943927832820774761
Total noncurrent assets:14,40514,68011,10412,64314,17813,90713,501
TOTAL ASSETS:24,00327,53124,97426,50825,03222,36324,078
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3784,1943,6443,2683,3511,9452,405
Accounts payable5776176823981,363747845
Accrued liabilities1,8013,5772,9622,8701,9881,1981,351
Employee-related liabilities      208
Debt6881,6414169571,1441,6201,400
Other undisclosed current liabilities875     (208)
Total current liabilities:3,9415,8354,0604,2254,4953,5653,596
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,3394,3261,2122,4202,2374,2726,248
Long-term debt, excluding current maturities3,4441,9511,2122,4202,2374,2724,848
Operating lease, liability3,8952,375
Other undisclosed long-term debt and lease obligation      1,400
Liabilities, other than long-term debt2115509551,2432,6932,8532,797
Deferred tax liabilities, net9551,2432,6932,8532,797
Deferred income tax liabilities211550
Other undisclosed noncurrent liabilities      (1,400)
Total noncurrent liabilities:7,5504,8762,1673,6634,9307,1257,645
Total liabilities:11,49110,7116,2277,8889,42510,68911,241
Stockholders' equity
Stockholders' equity attributable to parent12,51216,82018,74718,62015,60711,67412,837
Common stock31313131313030
Treasury stock, value(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)
Additional paid in capital32,80332,24931,52331,02230,60330,02229,454
Accumulated other comprehensive loss(1,634)(1,624)(1,399)(238)   
Accumulated deficit(8,606)(3,754)(1,326)(2,113)(4,945)(8,297)(6,566)
Total stockholders' equity:12,51216,82018,74718,62015,60711,67412,837
TOTAL LIABILITIES AND EQUITY:24,00327,53124,97426,50825,03222,36324,078

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues21,36037,67842,67439,70138,98026,97529,205
Revenue, net39,70138,98026,97529,205
Cost of revenue
(Cost of Goods and Services Sold)
(16,474)(21,234)(22,056)(19,879)(17,530)(14,258)(14,067)
Gross profit:4,88616,44420,61819,82221,45012,71715,138
Operating expenses(10,952)(13,446)(13,008)(11,665)(11,340)(11,246)(10,449)
Operating income (loss):(6,066)2,9987,6108,15710,1101,4714,690
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(140)584320(134)(125)(57)
Interest and debt expense(75)(59)(106) (134)(129)(82)
Income (loss) from continuing operations before equity method investments, income taxes:(6,281)2,9977,5478,1779,8421,2184,551
Other undisclosed income from continuing operations before income taxes7559106 13412982
Income (loss) from continuing operations before income taxes:(6,206)3,0567,6538,1779,9761,3474,633
Income tax expense (benefit)2,347(1,514)(3,069)(2,056)(3,298)164(1,427)
Net income (loss) available to common stockholders, diluted:(3,859)1,5424,5846,1216,6781,5113,206

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(3,859)1,5424,5846,1216,6781,5113,206
Comprehensive income (loss):(3,859)1,5424,5846,1216,6781,5113,206
Other undisclosed comprehensive loss, net of tax, attributable to parent(10)(225)(1,161)(238)   
Comprehensive income (loss), net of tax, attributable to parent:(3,869)1,3173,4235,8836,6781,5113,206

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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