secwatch.observer — SEC 8-K summary
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Issuer:     PSYCHEMEDICS CORP (PMDI)
CIK:        0000806517
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001171843-22-007301
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Psychemedics Q3 revenue down 3% to $6.5M, net loss of $0.1M; declares $0.07 dividend
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- Revenue $6.5M vs $6.7M YoY (-3%); net loss $0.1M ($0.02/sh) vs net income $0.7M ($0.13/sh).
- Nine-month revenue $19.5M (+5% YoY); net loss $0.4M ($0.07/sh) vs net income $1.0M ($0.17/sh).
- Quarterly cash dividend of $0.07/sh declared, payable Dec 16, 2022 to holders of record Dec 2, 2022.
- Prior-year quarter included $1.0M Employee Retention Credit; excluding ERC, gross margins were flat.
- Cash $3.5M at Sep 30, 2022, up from $2.0M at Dec 31, 2021; equipment financing reduced to $0.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806517/000117184322007301/0001171843-22-007301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806517/000117184322007301/f8k_110922.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-007301

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