secwatch.observer — SEC 8-K summary
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Issuer:     PSYCHEMEDICS CORP (PMDI)
CIK:        0000806517
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001171843-21-007882
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Psychemedics Q3 revenue up 29% to $6.7M; net income $0.13 EPS vs loss of $0.20
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- Revenue $6.7M vs $5.2M YoY (+29%); domestic revenue up 27% YoY.
- Net income of $0.7M ($0.13 diluted EPS) vs net loss of $1.1M (-$0.20).
- Employee Retention Credit of $0.8M reduced costs; dividend remains suspended.
- Exploration of strategic alternatives continues with JMP Securities; no timetable.
- PPP loan of $2.2M fully forgiven by SBA in July 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806517/000117184321007882/0001171843-21-007882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806517/000117184321007882/f8k_111221.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-007882

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer