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Psychemedics Corporation Announces First Quarter Results

$0.17 $0.20




BASIC 5,221 5,179


DILUTED 5,309 5,265



(in thousands, except per share amounts)

March 31, December 31,

2008 2007




Cash and cash equivalents $6,310 $6,097

Short-term investments 2,800 3,875

Accounts receivable, net of allowance for

doubtful accounts of $235 3,570 3,555

Prepaid expenses and other current assets 1,142 499

Deferred tax assets 457 429

Total current assets 14,279 14,455


Equipment and leasehold improvements,

at cost 10,821 10,793

Less - Accumulated depreciation and

amortization (10,062) (9,977)

759 816




SOURCE Psychemedics Corporation
Copyright©2008 PR Newswire.
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