PMDI
Psychemedics Corporation1.6800
-0.0800-4.55%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
10.26MP/E (TTM)
-Basic EPS (TTM)
-0.32Dividend Yield
0%Recent Filings
10-K
FY2024 results
Psychemedics posted FY2024 revenue of $19.7M, down 11% y/y from $22.1M, with domestic sales off 12% on softer hiring yet international up 22% via partnerships; gross margins slipped to 36.1% from 38.1% despite cost cuts. Operating loss narrowed 35% to $1.9M as G&A plunged 21%, marketing 15%, and R&D 35%—all on lower headcount. Cash fell to $1.4M after $929K operating inflow and $2.6M from the going-dark reverse split that cashed out small holders. No quarterly breakdowns disclosed. Delisting curbs liquidity.
8-K
Fractional shares resolved
Psychemedics closed its reverse stock split fractional share cleanup on December 3, 2024, with 3K buying 1,409,712 shares at $2.35 each to fund the purchases, then selling 320,708 back to the company on December 10 at the same price. 3K also injected $500,000 for working capital. Clean balance sheet now.
8-K
Psychemedics goes private via split
Psychemedics executed a 1-for-5,000 reverse stock split followed by a 5,000-for-1 forward split, effective December 3, 2024. Small holders with under 5,000 shares cashed out at $2.35 per share. Larger owners kept their share count. The company notified Nasdaq of voluntary delisting and plans to deregister, eyeing annual savings exceeding $845,000. Going private cuts reporting costs.
8-K
Stockholders approve splits, deals
Psychemedics stockholders re-elected five directors at the November 25, 2024 annual meeting, approved executive comp advisory vote, and ratified Whitley Penn as auditors. They greenlit a reverse stock split (1-for-4,000 to 1-for-6,000) followed immediately by a forward split (4,000-for-1 to 6,000-for-1), both ratios at board discretion. Board now holds stock purchase deal ratification. Splits reset shares precisely.
8-K
Q3 revenue down 9%
Psychemedics reported Q3 revenue of $5.2 million, down 9% from $5.7 million last year, yet narrowed net loss to $0.5 million ($0.09/share) from $2.1 million ($0.36/share). Nine-month revenue fell 11% to $15.3 million, with net loss shrinking to $2.1 million ($0.35/share) versus $3.2 million ($0.56/share). Losses improved sharply. Forward-looking statements note risks.
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