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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Psychemedics
Psychemedics (PMD) investor relations material
Psychemedics has been otc
Psychemedics Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2024 earnings summary23 Mar, 2025
Executive summary
Psychemedics Corporation specializes in patented hair-based drug testing, serving corporate, school, and government clients in the US and internationally.
2024 revenue declined 11% year-over-year to $19.7 million, mainly due to lower domestic testing volumes.
The company completed a reverse/forward stock split and delisted from Nasdaq, now trading on the OTC Pink Market.
Management believes current liquidity is sufficient for at least 12 months, but no fixed credit lines remain.
Financial highlights
Revenue: $19.7M in 2024, down from $22.1M in 2023 (-11%); US revenue fell 12%, international rose 22%.
Net loss: $(1.9)M in 2024, improved from $(4.2)M in 2023.
Gross profit: $7.1M in 2024, down 16% year-over-year.
Operating loss: $(1.9)M in 2024, improved from $(2.9)M in 2023.
Cash at year-end: $1.4M (down from $2.0M); positive operating cash flow of $929K in 2024.
Outlook and guidance
Management expects current cash and future operating profits to cover working capital and capital expenditures for at least the next year.
No formal revenue or earnings guidance provided; future growth depends on customer acquisition and market conditions.
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Latest events from Psychemedics
- Approval sought for stock split, buyout, and delisting to go private and reduce costs.PMD
Proxy Filing - Approval sought for going-private transaction, cashing out small holders and delisting shares.PMDProxy Filing
- Proposals seek approval for delisting, deregistration, and cashing out small shareholders at $2.35 per share.PMDProxy Filing
- Stockholders to vote on going-private plan, cashing out small holders and delisting from Nasdaq.PMDProxy Filing
- Reverse split, delisting, and private placement to cut costs and cash out small holders, pending vote.PMDProxy Filing
- Adjournment Proposal is routine; brokers may vote at their discretion, with no broker non-votes.PMDProxy Filing
- Q3 2024 revenue fell 9% as net loss narrowed and delisting plans advanced.PMDQ3 2024
- Q2 2024 revenue fell 15% and net loss widened as delisting aims to cut costs.PMDQ2 2024
Psychemedics
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Frequently asked questions
Psychemedics Corporation specializes in providing drug testing services through the analysis of hair samples for detecting drugs of abuse. This includes a broad range of substances such as cocaine, marijuana, PCP, amphetamines (including ecstasy and Adderall), opiates (like heroin and oxycodone), synthetic cannabinoids (e.g., K2 and Spice), benzodiazepines (such as Xanax and Valium), as well as nicotine, fentanyl, and alcohol. The company's testing results offer quantitative information that can indicate the approximate amount of drug ingested and historical data to show a pattern of individual drug use over time. Psychemedics' services cater to various sectors including employers for applicant and employee testing, treatment professionals, law enforcement agencies, school administrators, and parents concerned about their children's drug use. Psychemedics Corporation is headquartered in Dallas, Texas, and its shares are listed on the Nasdaq.