Navigation Links
Psychemedics Corporation Announces Year End Results Record Annual and Quarterly Revenue
Date:2/14/2008

Declares Quarterly Dividend

ACTON, Mass., Feb. 14 /PRNewswire-FirstCall/ -- Psychemedics Corporation (Amex: PMD) today announced fourth quarter and year-end financial results for the period ended December 31, 2007, which included record revenues for both the quarterly and full-year periods. The Company also announced a quarterly dividend of $0.15 per share payable to shareholders of record as of March 7, 2008 to be paid on March 21, 2008. This will be the Company's 46th consecutive quarterly dividend.

The Company's revenue for the year ended December 31, 2007 was $24,568,824, up 5% as compared to $23,425,090 for all of 2006. Net income for the year ended December 31, 2007 was $4,483,687 or $0.85 per share, a decrease of 9% over the comparable period last year during which the Company earned $4,902,201 or $0.94 per share. Revenue for the fourth quarter was $5,891,412, an increase of 2% as compared to $5,797,012 in the fourth quarter of 2006. Net income was $906,817 or $0.17 per share, down 23% from $1,175,963 or $0.22 per share for the same period of 2006.

Raymond C. Kubacki, Chairman and Chief Executive Officer, said, "We are pleased to report that Psychemedics has once again set new records for revenue for both the fourth quarter and full year, despite a very challenging hiring environment. Our revenue increase, however, was below historical trends caused by a decline in our base business (accounts over one year), largely influenced by a major auto-related client who was off 84% from its spike in hiring in 2006. Our new business continues to remain healthy."

Kubacki continued, "While our earnings did not match last year's record results due to increased general and administrative expenses an
'/>"/>

SOURCE Psychemedics Corporation
Copyright©2008 PR Newswire.
All rights reserved

1

GOOD

Page: 1 2 3 4 5 6

Related medicine news :

1. Psychemedics Corporation Joins Accenture in Co-Sponsoring Innovative Chief Talent Officer Book
2. Jennifer Chmieleski Joins Psychemedics Corporation as Top Financial Officer
3. The ScottCare Corporation Completes Acquisition of Rozinn Electronics, a Leading Manufacturer of Cardiac Diagnostic Products
4. Brooke Franchise Corporation Announces Selected July Results
5. MedThink Communications Retained by NanoBio Corporation
6. EaglePicher Corporation Completes Transaction to Sell EaglePicher Boron, LLC to Ceradyne, Inc. for $69 Million
7. Dana Corporation, Inc. Enters Into Settlement Agreement With Dana Retiree Committee
8. Memry Corporation Announces Fiscal Fourth Quarter and 2007 Year End Earnings Release and Conference Call
9. Somanetics Corporation to Release Third Quarter 2007 Financial Results and Host Conference Call September 19
10. LifeQuest World Corporation Proud Contributor to Dietary Supplement Education Alliance (DSEA)
11. DTI Medical Corporation Announces Reverse Split and Other Corporate Developments
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/22/2013)... The health care crisis in the United States is ... percent of all adults are without health insurance. Further, ... U.S. are related to medical bills. The high price ... patients cannot afford to take their prescriptions as directed by ... That's why MedicationDiscountCard.com is offering savings of up to seventy-five ...
(Date:5/22/2013)... 2013 NBA Draft tickets go on sale to the ... The 2013 NBA Draft will be held at the new Barclays ... Nets. The Barclays Center has already become a mecca for ... Paul McCartney and Beyonce have already booked sold out concerts at ... perform at this state-of-the-art venue. Disney on Ice will also ...
(Date:5/22/2013)... May 22, 2013 Abadir Associates, a ... treatments for optimal results, is offering a new technique ... neck. The practice has successfully treated multiple patients ... “Basically, this approach is for women who want to ... dermatologist Dr. Michelle Abadir of Abadir Associates. ...
(Date:5/22/2013)... - May 22 2013: New research shows that ... in specific regions of the brain that are ... planning actions and in motivation. Dr. Alain ... these decision-making brain regions could underlie addiction. These ... Meeting, the annual meeting of the Canadian Association ...
(Date:5/22/2013)... By Dennis Thompson HealthDay Reporter , , TUESDAY, ... Americans isn,t improving much, with about six in 10 ... in unhealthy behaviors like smoking, heavy drinking or not ... Tuesday by the U.S. Centers for Disease Control and ... of the lifestyle choices that have led to soaring ...
Breaking Medicine News(10 mins):Health News:Lyrica Discount Cards Now Available From MedicationDiscountCard.com 2Health News:2013 NBA Draft Tickets: Cheap Concert Tickets Announces that Official Onsales for the 2013 NBA Draft Begin at 10:00 am Local Time on Wednesday, May 22, 2013 2Health News:Westchester Dermatologist Abadir Associates Offers New Neck Lift Surgery Alternative 2Health News:Addiction as a disorder of decision-making 2Health News:Americans Still Making Unhealthy Choices: CDC 2Health News:Americans Still Making Unhealthy Choices: CDC 3
... by the U.S. Food and Drug Administration (FDA) for a new ... moderate to severe postmenopausal dyspareunia (painful sexual intercourse) announced Wyeth Pharmaceuticals, ... ... Pa. (Business Wire EON) November 13, 2008 -- "This approval ...
... of nest eggs, homes or jobs, their young children ... Michele C. Thorne, Ph.D., assistant professor of clinical psychology ... director of the Consult Liaison Service at Riley Hospital ... newborn babies pick up on the emotional tones of ...
... Inc.,(Nasdaq: SUPG ), a pharmaceutical company dedicated ... today announced that James S.,Manuso, Ph.D., President and ... Lazard Capital Markets Fifth Annual Healthcare Conference on,Tuesday, ... New York, New York., SuperGen,s presentation at ...
... Dowden Health Media,s,beginnings were reflected in an article written ... the Dowden Dispatch an employee newsletter,which published in the ... Mark Dowden, one of the founders of Dowden Health ... 1988, as he stood,in his parents, kitchen chatting with ...
... repair providers join forces to provide superior customer ... Inc., Multi Vendor,Service announced today that it will ... most respected leaders in the ultrasound transducer repair,industry., ... relationship brings together two of the most reputable,high-quality ...
... assassins, many diseases seem to know exactly what types ... of cells, diseases will inexplicably spare a seemingly identical ... depends largely on the kinds and amounts of proteins ... of molecular biology. For this reason, scientists have struggled ...
Cached Medicine News:Health News: FDA Approves Low-dose Regimen of PREMARIN Vaginal Cream to Treat Moderate to Severe Postmenopausal Dyspareunia – Painful Sexual Intercourse : Agency Grants New Indication for Bothersome Vaginal Symptom Associated with Menopause 2Health News: FDA Approves Low-dose Regimen of PREMARIN Vaginal Cream to Treat Moderate to Severe Postmenopausal Dyspareunia – Painful Sexual Intercourse : Agency Grants New Indication for Bothersome Vaginal Symptom Associated with Menopause 3Health News: FDA Approves Low-dose Regimen of PREMARIN Vaginal Cream to Treat Moderate to Severe Postmenopausal Dyspareunia – Painful Sexual Intercourse : Agency Grants New Indication for Bothersome Vaginal Symptom Associated with Menopause 4Health News:Helping children and teens deal with stress in an uncertain time 2Health News:Dowden Health Media: 20 Years and Growing 2Health News:MEDRAD Multi Vendor Service Forms Alliance with Wetsco 2Health News:MEDRAD Multi Vendor Service Forms Alliance with Wetsco 3Health News:Breakthrough in cell-type analysis offers new ways to study development and disease 2Health News:Breakthrough in cell-type analysis offers new ways to study development and disease 3Health News:Breakthrough in cell-type analysis offers new ways to study development and disease 4
(Date:5/22/2013)... May 22, 2013 PRNewswire – iBio, ... of a vaccine candidate for the newly emerged ... laboratory using the iBioLaunch™ platform. This validation milestone ... initial antigen sequence information to purification of recombinant ... ) The iBioLaunch platform eliminates the ...
(Date:5/22/2013)... , May 22, 2013 WomanCare ... with an extensive training initiative attended ... (Photo: http://photos.prnewswire.com/prnh/20130522/DC18844 ) (Logo: http://photos.prnewswire.com/prnh/20101018/DC83896LOGO ) ... LARC), is a highly effective subdermal implant composed ... 75 mg levonorgestrel (a synthetic form of the ...
(Date:5/21/2013)... Concord Medical Services Holdings Limited ("Concord Medical" ... leading specialty hospital management solution provider and operator of ... in China and the parent of Chang,an Hospital, today ... quarter ended March 31, 2013 [1] . ... which consists of net revenues generated from the network ...
Breaking Medicine Technology:iBio Technology Produces Vaccine Candidate for Recently Emerged H7N9 Influenza 2WomanCare Global launches Simplant, Long-acting Reversible Contraception, in Chile 2Concord Medical Reports First Quarter 2013 Financial Results 2Concord Medical Reports First Quarter 2013 Financial Results 3Concord Medical Reports First Quarter 2013 Financial Results 4Concord Medical Reports First Quarter 2013 Financial Results 5Concord Medical Reports First Quarter 2013 Financial Results 6Concord Medical Reports First Quarter 2013 Financial Results 7Concord Medical Reports First Quarter 2013 Financial Results 8Concord Medical Reports First Quarter 2013 Financial Results 9Concord Medical Reports First Quarter 2013 Financial Results 10Concord Medical Reports First Quarter 2013 Financial Results 11Concord Medical Reports First Quarter 2013 Financial Results 12Concord Medical Reports First Quarter 2013 Financial Results 13
... patients' electronic medical records over ... a Web-enabled software application, physicians ... a patient's cardiology and vascular ... intranet. CardioChart displays patient data-reports, ...
... AllMeds for Cardiology is based on ... customized to serve the specific treatment and ... office., Designed to provide patient care assistance ... coding is accurate, AllMeds for Cardiology's simple ...
... Critical Care & Emergency Medicine. The ... and simple to use device which takes ... the pupillary light reflex (PLR). Now even ... are not discernable to the naked eye ...
... It is estimated that 25% of women and ... the United States, more than half of adults ... and unsightly venous disease., The VenaCure Laser Vein ... for the treatment of varicose veins. VenaCure offers ...
Medicine Products: