Psychemedics Corporation (PMD) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,2837,9748,1653,9382,6893,6123,971
Cash and cash equivalents7,2834,0698,1653,9382,6893,6123,971
Short-term investments 3,905     
Receivables3,7804,8294,4885,8374,3795,8984,369
Income taxes receivable555
Other undisclosed current assets1,7881,0671,2121,0791,3881,0671,062
Total current assets:12,85113,87013,86510,8548,45610,5779,956
Noncurrent Assets
Operating lease, right-of-use asset2,875
Property, plant and equipment10,86210,17711,81113,35813,13212,7406,050
Other noncurrent assets943927832820774761543
Total noncurrent assets:14,68011,10412,64314,17813,90713,5016,594
TOTAL ASSETS:27,53124,97426,50825,03222,36324,07816,550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1943,6443,2683,3511,9452,4052,958
Accounts payable6176823981,363747845511
Accrued liabilities3,5772,9622,8701,9881,1981,3512,448
Employee-related liabilities     208 
Debt1,6414169571,1441,6201,400 
Other undisclosed current liabilities     (208) 
Total current liabilities:5,8354,0604,2254,4953,5653,5962,958
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,3261,2122,4202,2374,2726,248 
Long-term debt, excluding current maturities1,9511,2122,4202,2374,2724,848 
Operating lease, liability2,375
Other undisclosed long-term debt and lease obligation     1,400 
Liabilities, other than long-term debt5509551,2432,6932,8532,7971,314
Deferred tax liabilities, net9551,2432,6932,8532,7971,314
Deferred income tax liabilities550
Other undisclosed noncurrent liabilities     (1,400) 
Total noncurrent liabilities:4,8762,1673,6634,9307,1257,6451,314
Total liabilities:10,7116,2277,8889,42510,68911,2414,273
Stockholders' equity
Stockholders' equity attributable to parent16,82018,74718,62015,60711,67412,83712,277
Common stock31313131303030
Treasury stock, value(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)
Additional paid in capital32,24931,52331,02230,60330,02229,45428,889
Accumulated other comprehensive loss(1,624)(1,399)(238)    
Accumulated deficit(3,754)(1,326)(2,113)(4,945)(8,297)(6,566)(6,560)
Total stockholders' equity:16,82018,74718,62015,60711,67412,83712,277
TOTAL LIABILITIES AND EQUITY:27,53124,97426,50825,03222,36324,07816,550

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues37,67842,67439,70138,98026,97529,20526,870
Revenue, net39,70138,98026,97529,20526,870
Cost of revenue
(Cost of Goods and Services Sold)
(21,234)(22,056)(19,879)(17,530)(14,258)(14,067)(11,476)
Gross profit:16,44420,61819,82221,45012,71715,13815,394
Operating expenses(13,446)(13,008)(11,665)(11,340)(11,246)(10,449)(9,688)
Operating income:2,9987,6108,15710,1101,4714,6905,706
Nonoperating income (expense)584320(134)(125)(57)92
Investment income, nonoperating      92
Other nonoperating income (expense)584320(134)(125)(57) 
Interest and debt expense(59)(106) (134)(129)(82) 
Income from continuing operations before equity method investments, income taxes:2,9977,5478,1779,8421,2184,5515,799
Other undisclosed income from continuing operations before income taxes59106 13412982 
Income from continuing operations before income taxes:3,0567,6538,1779,9761,3474,6335,799
Income tax expense (benefit)(1,514)(3,069)(2,056)(3,298)164(1,427)(1,993)
Net income available to common stockholders, diluted:1,5424,5846,1216,6781,5113,2063,805

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,5424,5846,1216,6781,5113,2063,805
Comprehensive income:1,5424,5846,1216,6781,5113,2063,805
Other undisclosed comprehensive loss, net of tax, attributable to parent(225)(1,161)(238)    
Comprehensive income, net of tax, attributable to parent:1,3173,4235,8836,6781,5113,2063,805

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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