Company research
PSYCHEMEDICS CORP
CIK 806517Updated Sep 24, 2026
SecurityPMDI · OTC · equity
Historical securities (1)
PMD · NYSE_AMERICAN · equity · closed Dec 12, 2024PMDI price & chart
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Financials
FY 2024 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 8,318,000Source | 12,326,000Source | 18,732,000Source | 21,552,000Source |
| Property, Plant and Equipment, NetUSD | 2,001,000Source | 3,061,000Source | 4,573,000Source | 6,691,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,417,000Source | 1,964,000Source | 4,750,000Source | 1,992,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,500,000Source | 3,687,000Source | 3,739,000Source | 4,116,000Source |
| Assets, CurrentUSD | 4,938,000Source | 6,805,000Source | 9,964,000Source | 10,285,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 997,000Source | 1,136,000Source | 1,136,000Source | 1,499,000Source |
| Operating Lease, Right-of-Use AssetUSD | 844,000Source | 1,828,000Source | 2,681,000Source | 3,552,000Source |
| Other Assets, NoncurrentUSD | 455,000Source | 632,000Source | 823,000Source | 864,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,188,000Source | 5,654,000Source | 7,961,000Source | 9,309,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 33,000Source | 32,000Source | 32,000Source | 31,000Source |
| Retained Earnings (Accumulated Deficit)USD | -18,634,000Source | -16,773,000Source | -11,820,000Source | -9,550,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,634,000Source | -1,634,000Source | -1,634,000Source | -1,634,000Source |
| Stockholders' Equity Attributable to ParentUSD | 5,130,000Source | 6,672,000Source | 10,771,000Source | 12,243,000Source |
| Additional Paid in Capital, Common StockUSD | 35,447,000Source | 35,129,000Source | 34,275,000Source | 33,478,000Source |
| Liabilities and EquityUSD | 8,318,000Source | 12,326,000Source | 18,732,000Source | 21,552,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,711,000Source | 4,709,000Source | 5,718,000Source | 5,830,000Source |
| Operating Lease, Liability, CurrentUSD | 452,000Source | 1,048,000Source | 1,037,000Source | 984,000Source |
| Accounts Payable, CurrentUSD | 462,000Source | 752,000Source | 448,000Source | 994,000Source |
| Operating Lease, Liability, NoncurrentUSD | 424,000Source | 945,000Source | 1,938,000Source | 2,880,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 1,560,000Source | 2,604,000Source | 3,939,000Source | 3,188,000Source |
| Long-term Debt, Current MaturitiesUSD | 0Source | 305,000Source | 294,000Source | 664,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 0Source | 305,000Source | 599,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 917,000Source | 908,000Source | 872,000Source | 743,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,187,000Source | -52,000Source | -377,000Source | 760,000Source |
| Increase (Decrease) in Accounts PayableUSD | -290,000Source | 304,000Source | -546,000Source | 417,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 692,000Source | -531,000Source | -371,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 929,000Source | -1,480,000Source | 4,890,000Source | 414,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -87,000Source | -159,000Source | -208,000Source | -220,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 51,000Source | 157,000Source | 187,000Source | 182,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 2,563,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,389,000Source | -1,147,000Source | -1,924,000Source | -1,035,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 0Source | 799,000Source | 1,186,000Source | 279,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -547,000Source | -2,786,000Source | 2,758,000Source | -841,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 23,000Source | 18,000Source | 33,000Source | 50,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 0Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 917,000Source | 908,000Source | 872,000Source | 743,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | 0Source | — |
| Gain (Loss) on Disposition of Intangible AssetsUSD | 0Source | -131,000Source | — | — |
| Gain (Loss) on Termination of LeaseUSD | 3,000Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 2,181,000Source |
| General and Administrative ExpenseUSD | 5,695,000Source | 7,192,000Source | 5,857,000Source | 6,126,000Source |
| Income Tax Expense (Benefit)USD | -55,000Source | 716,000Source | 44,000Source | -156,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,861,000Source | -4,154,000Source | -1,084,000Source | -665,000Source |
| Nonoperating Income (Expense)USD | -23,000Source | -517,000Source | 43,000Source | -1,030,000Source |
| Operating ExpensesUSD | 8,994,000Source | 11,334,000Source | 10,374,000Source | 10,055,000Source |
| Operating Lease, ExpenseUSD | 900,000Source | 1,100,000Source | 1,000,000Source | 1,100,000Source |
| Other Nonoperating Income (Expense)USD | -21,000Source | -10,000Source | 43,000Source | 61,000Source |
| Proceeds from Issuance of Common StockUSD | 1,934,000Source | -54,000Source | -74,000Source | -68,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 19,685,000Source | 22,098,000Source | 25,240,000Source | 24,909,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cost of RevenueUSD | 12,584,000Source | 13,685,000Source | 15,949,000Source | 14,645,000Source |
| Operating Income (Loss)USD | -1,893,000Source | -2,921,000Source | -1,083,000Source | 209,000Source |
| Other Nonoperating Income (Expense)USD | -21,000Source | -10,000Source | 43,000Source | 61,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,916,000Source | -3,438,000Source | -1,040,000Source | -821,000Source |
| Income Tax Expense (Benefit)USD | -55,000Source | 716,000Source | 44,000Source | -156,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,861,000Source | -4,154,000Source | -1,084,000Source | -665,000Source |
| Earnings Per Share, BasicUSD per share | -0.32Source | -0.72Source | -0.19Source | -0.12Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.19Source | -0.12Source |
| Total Revenue | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 5,867,000Source | 5,740,000Source | 5,626,000Source | 5,549,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 5,867,000Source | 5,740,000Source | 5,626,000Source | 5,549,000Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.21Source | 0.05Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | 215,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,100,000Source | 1,700,000Source | 2,400,000Source | 2,700,000Source |
| General and Administrative ExpenseUSD | 5,695,000Source | 7,192,000Source | 5,857,000Source | 6,126,000Source |
| Gross ProfitUSD | 7,101,000Source | 8,413,000Source | 9,291,000Source | 10,264,000Source |
| Interest ExpenseUSD | 26,000Source | 17,000Source | 32,000Source | 49,000Source |
| Interest Income, OtherUSD | 0Source | 0Source | 0Source | 0Source |
| Nonoperating Income (Expense)USD | -23,000Source | -517,000Source | 43,000Source | -1,030,000Source |
| Operating ExpensesUSD | 8,994,000Source | 11,334,000Source | 10,374,000Source | 10,055,000Source |
| Operating Lease, ExpenseUSD | 900,000Source | 1,100,000Source | 1,000,000Source | 1,100,000Source |
| Research and Development ExpenseUSD | 749,000Source | 1,144,000Source | 1,326,000Source | 1,130,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 19,685,000Source | 22,098,000Source | 25,240,000Source | 24,909,000Source |
| Selling and Marketing ExpenseUSD | 2,550,000Source | 2,998,000Source | 3,191,000Source | 2,799,000Source |