Recent 8-K filings for PMDI

• December 10, 2024, 6:59 PM ET other material materiality 0.35 neutral item 8.01

  Psychemedics closes stock purchase with 3K LP; repurchases shares for fractional split coverage

  3K Limited Partnership bought 1,409,712 shares at $2.35 on Dec 3, 2024.

• December 3, 2024, 6:59 PM ET other material materiality 0.90 negative item 3.01item 8.01item 9.01

  Psychemedics executes reverse/forward stock split, plans Nasdaq delisting

  Stock split effective Dec 3, 2024: 1-for-5,000 reverse split followed by 5,000-for-1 forward split.

• November 25, 2024, 6:59 PM ET other material materiality 0.15 neutral item 5.07

  Psychemedics shareholders approve reverse-forward stock split and ratify stock purchase agreement

  Re-elected five directors: Robyn C. Davis, Brian Hullinger, Peter H. Kamin, Darius G. Nevin, Andrew M. Reynolds with votes ranging 3.70–3.73M for.

• November 12, 2024, 6:59 PM ET earnings materiality 0.60 negative item 2.02item 9.01

  Psychemedics Q3 revenue falls 9% to $5.2M; net loss narrows to $0.5M from $2.1M

  Q3 2024 revenue $5.2M, down 9% YoY from $5.7M; nine-month revenue $15.3M, down 11%.

• August 13, 2024, 7:59 PM ET earnings materiality 0.55 negative item 2.02item 9.01

  Psychemedics Q2 revenue down 15% to $4.7M; net loss widens to $0.14/sh

  Q2 2024 revenue $4.7M vs $5.5M YoY (-15%); net loss $0.8M ($0.14/sh) vs $0.7M ($0.13/sh).

• August 12, 2024, 7:59 PM ET other material materiality 0.85 positive item 1.01item 3.02item 8.01item 9.01

  Psychemedics board approves going-private transaction via reverse stock split, cash-out at $2.35/share

  Reverse stock split at ratio between 1:4,000 and 1:6,000; shares below ratio denominator cashed out at $2.35 each.

• June 12, 2024, 7:59 PM ET other material materiality 0.50 neutral item 4.01item 9.01

  Psychemedics dismisses BDO USA as auditor, engages Whitley Penn LLP

  Dismissed BDO USA as independent auditor on June 6, 2024; engaged Whitley Penn LLP on June 12, 2024.

• June 3, 2024, 7:59 PM ET other material materiality 0.30 neutral item 1.02

  Psychemedics terminates Culver City lease; expects $250K net savings

  Lease termination effective June 30, 2024 for 5750 Hannum Ave, Culver City, CA.

• May 14, 2024, 7:59 PM ET earnings materiality 0.55 negative item 2.02item 9.01 ◈ Earnings Releases

  Psychemedics reports Q1 2024 revenue down 9% to $5.4M; net loss widens to $0.7M

  Revenue $5.4M vs $5.9M in Q1 2023, a 9% decline.

• March 28, 2024, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01 ◈ Earnings Releases

  Psychemedics reports 2023 revenue down 12% to $22.1M, net loss widens to $4.2M

  Revenue $22.1M in 2023, down 12% from $25.2M in 2022.

Materiality & sentiment trend

Max materiality 0.90 · Median 0.55 · Most common event other_material

1 positive 5 negative 4 neutral

source · PMDI on sec.gov