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Stock impact report

Psychemedics Corporation Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

Psychemedics Corporation (PMD) 
US:NASDAQ Investor Relations: investors.psychemedics.com
Company Research Source: Yahoo! Finance
The Company's revenue for three months ended September 30, 2024, was $5.2 million versus $5.7 million for three months ended September 30, 2023, a decrease of 9%. Net loss was $0.5 million, or $0.09 per share, compared to a net loss of $2.1 million, or $0.36 per share, for the three months ended September 2024 and 2023, respectively. The Company's revenue for nine months ended September 30, 2024, was $15.3 million versus $17.1 million for nine months ended September 30, 2023, a decrease of 11%. Net loss was $2.1 million, or $0.35 per share, compared to a net loss of $3.2 million, or $0.56 per share, for the nine months ended September 2024 and 2023, respectively. About Psychemedics Corporation Psychemedics Corporation is the world's leading provider of hair testing for the detection of drugs of abuse. The Company's patented process is used by thousands of U.S. and international clients, including Fortune 500 companies, for pre-employment and random drug testing. Major police de Show less Read more
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