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Psychemedics Corporation Announces First Quarter Results
Date:5/7/2009

--------- 2009 2008 ---- ---- Revenue $4,078,837 $5,708,863 Cost of Revenue 1,986,911 2,387,301 ---------- ---------- Gross Profit 2,091,926 3,321,562 ---------- ---------- Operating Expenses General & Administrative 1,042,495 1,022,302 Marketing & Selling 871,464 798,645 Research & Development 125,046 117,780 ---------- ---------- Total Operating Expenses 2,039,005 1,938,727 ---------- ---------- Operating Income 52,921 1,382,835 Interest Income 15,507 111,771 ---------- ---------- Net Income Before Provision for Income Taxes 68,428 1,494,606 Provision for Income Taxes 29,903 605,000 ---------- ---------- Net Income $38,525 $889,606 ========== ========== Basic net income per share $0.01 $0.17 ========== ========== Diluted net income per share $0.01 $0.17
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SOURCE Psychemedics Corporation
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