Psychemedics (PMD) Reports Q3 Loss of $0.36
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Psychemedics Corporation Reports Third Quarter 2023 Financial Results
November 9, 2023 5:01 PM ESTACTON, Mass., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Psychemedics Corporation (NASDAQ: PMD), a leading provider of hair testing for drugs of abuse, today announced financial results for the third quarter ended September 30, 2023.
The Companys revenue for the quarter ended September 30, 2023, was $5.7 million versus $6.5 million for the quarter ended September 30, 2022, a decrease of 12%. Net loss for the quarter ended September 30, 2023, was $(2.1 million) or $(0.36) per diluted share, versus net loss of $(97,000) or $(0.02) per diluted share, for the comparable period last year.
The Company has initiated a series of restructuring changes that will... More
