Psychemedics Corporation (PMD) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9922,8337,2837,9748,1653,9382,689
Cash and cash equivalents1,9922,8337,2834,0698,1653,9382,689
Short-term investments   3,905   
Receivables6,7945,8513,7804,8294,4885,8374,379
Other undisclosed current assets1,4999141,7881,0671,2121,0791,388
Total current assets:10,2859,59812,85113,87013,86510,8548,456
Noncurrent Assets
Operating lease, right-of-use asset3,5524,2862,875
Property, plant and equipment6,6919,23110,86210,17711,81113,35813,132
Deferred income tax assets160  
Other noncurrent assets864888943927832820774
Total noncurrent assets:11,26714,40514,68011,10412,64314,17813,907
TOTAL ASSETS:21,55224,00327,53124,97426,50825,03222,363
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1822,3784,1943,6443,2683,3511,945
Accounts payable9945776176823981,363747
Accrued liabilities3,1881,8013,5772,9622,8701,9881,198
Debt6646881,6414169571,1441,620
Other undisclosed current liabilities984875     
Total current liabilities:5,8303,9415,8354,0604,2254,4953,565
Noncurrent Liabilities
Long-term debt and lease obligation3,4797,3394,3261,2122,4202,2374,272
Long-term debt, excluding current maturities5993,4441,9511,2122,4202,2374,272
Operating lease, liability2,8803,8952,375
Liabilities, other than long-term debt 2115509551,2432,6932,853
Deferred tax liabilities, net9551,2432,6932,853
Deferred income tax liabilities 211550
Other undisclosed noncurrent liabilities(2,880)      
Total noncurrent liabilities:3,4797,5504,8762,1673,6634,9307,125
Total liabilities:9,30911,49110,7116,2277,8889,42510,689
Stockholders' equity
Stockholders' equity attributable to parent12,24312,51216,82018,74718,62015,60711,674
Common stock31313131313130
Treasury stock, value(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)(10,082)
Additional paid in capital33,47832,80332,24931,52331,02230,60330,022
Accumulated other comprehensive loss(1,634)(1,634)(1,624)(1,399)(238)  
Accumulated deficit(9,550)(8,606)(3,754)(1,326)(2,113)(4,945)(8,297)
Total stockholders' equity:12,24312,51216,82018,74718,62015,60711,674
TOTAL LIABILITIES AND EQUITY:21,55224,00327,53124,97426,50825,03222,363

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues24,90921,36037,67842,67439,70138,98026,975
Revenue, net39,70138,98026,975
Cost of revenue
(Cost of Goods and Services Sold)
(14,645)(16,474)(21,234)(22,056)(19,879)(17,530)(14,258)
Gross profit:10,2644,88616,44420,61819,82221,45012,717
Operating expenses(10,055)(10,952)(13,446)(13,008)(11,665)(11,340)(11,246)
Operating income (loss):209(6,066)2,9987,6108,15710,1101,471
Nonoperating income (expense)(1,030)(140)584320(134)(125)
Other nonoperating income (expense)61(140)584320(134)(125)
Interest and debt expense(49)(75)(59)(106) (134)(129)
Income (loss) from continuing operations before equity method investments, income taxes:(870)(6,281)2,9977,5478,1779,8421,218
Other undisclosed income from continuing operations before income taxes497559106 134129
Income (loss) from continuing operations before income taxes:(821)(6,206)3,0567,6538,1779,9761,347
Income tax expense (benefit)1562,347(1,514)(3,069)(2,056)(3,298)164
Net income (loss) available to common stockholders, diluted:(665)(3,859)1,5424,5846,1216,6781,511

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(665)(3,859)1,5424,5846,1216,6781,511
Comprehensive income (loss):(665)(3,859)1,5424,5846,1216,6781,511
Other undisclosed comprehensive loss, net of tax, attributable to parent (10)(225)(1,161)(238)  
Comprehensive income (loss), net of tax, attributable to parent:(665)(3,869)1,3173,4235,8836,6781,511

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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