Psychemedics Corporation Reports Second Quarter 2024 Financial Results
Psychemedics Corporation (PMD)
US:NASDAQ Investor Relations:
investors.psychemedics.com
Company Research
Source: GlobeNewswire
DALLAS, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Psychemedics Corporation (NASDAQ: PMD), the world’s leading provider of hair testing for drugs of abuse, today announced financial results for the second quarter ending June 30, 2024. The Company’s revenue for three months ended June 30, 2024, was $4.7 million versus $5.5 million for three months ended June 30, 2023, a decrease of 15%. Net loss was $0.8 million, or $0.14 per share, compared to a net loss of $0.7 million, or $0.13 per share, for the three months ended June 2024 and 2023, respectively. The Company’s revenue for six months ended June 30, 2024, was $10.1 million versus $11.4 million for six months ended June 30, 2023, a decrease of 12%. Net loss was $1.5 million, or $0.26 per share, compared to a net loss of $1.1 million, or $0.19 per share, for the six months ended June 2024 and 2023, respectively. Brian Hullinger, President, and Chief Executive Officer, stated: “Despite the decline in revenue due to continued lower hiring
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- Psychemedics Releases First-Ever Education Insights Report: Uncovering Drug Trends in Educational Institutions Through Hair TestingGlobeNewswire
- Psychemedics Corporation Launches New Ketamine Hair Testing ServiceGlobeNewswire
- Psychemedics Corporation's Board of Directors Approves Plan to Terminate Registration of Its Common Stock [Yahoo! Finance]Yahoo! Finance
- Psychemedics Corporation’s Board of Directors Approves Plan to Terminate Registration of Its Common StockGlobeNewswire
PMD
Sec Filings
- 9/3/24 - Form SC
- 9/3/24 - Form PRE
- 8/13/24 - Form 10-Q
- PMD's page on the SEC website