Psychemedics market cap is $52.4 m, and annual revenue was $42.67 m in FY 2018

Psychemedics Gross profit (Q2, 2019)4.2 M

Psychemedics Gross profit margin (Q2, 2019), %44.9%

Psychemedics Net income (Q2, 2019)768 K

Psychemedics EBIT (Q2, 2019)1.3 M

Psychemedics Cash, 30-Jun-20197.1 M

Psychemedics EV46.7 M

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Revenue | 26.9m | 29.2m | 27.0m | 39.0m | 39.7m | 42.7m |

| 9% | (8%) | 45% | |||

## Cost of goods sold | 11.5m | 14.3m | 17.5m | 19.9m | 22.1m | |

## Gross profit | 15.4m | 12.7m | 21.5m | 19.8m | 20.6m | |

| 57% | 47% | 55% | 50% | 48% | |

## Operating expense total | 9.7m | 11.2m | 11.3m | 11.7m | 13.0m | |

## EBIT | 5.7m | 4.7m | 1.5m | 10.1m | 8.2m | 7.6m |

| 21% | 16% | 5% | 26% | 21% | 18% |

## Income tax expense | 2.0m | 3.1m | ||||

## Net Income | 3.8m | 3.2m | 1.5m | 6.7m | 6.1m | 4.6m |

- Source: SEC Filings

USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 7.1m | 7.0m | 7.7m | 7.7m | 7.0m | 7.1m | 6.7m | 9.7m | 11.8m | 10.2m | 9.7m | 10.0m | 10.9m | 10.8m | 11.0m | 9.8m | 9.3m |

## Cost of goods sold | 2.9m | 3.2m | 3.8m | 3.7m | 3.7m | 3.6m | 3.9m | 4.5m | 4.7m | 4.9m | 5.1m | 4.9m | 5.6m | 5.6m | 5.7m | 5.4m | 5.1m |

## Gross profit | 4.2m | 3.8m | 3.9m | 4.0m | 3.3m | 3.5m | 2.7m | 5.2m | 7.1m | 5.3m | 4.6m | 5.1m | 5.4m | 5.2m | 5.4m | 4.4m | 4.2m |

| 59% | 54% | 51% | 52% | 47% | 49% | 41% | 54% | 60% | 52% | 48% | 51% | 49% | 48% | 49% | 45% | 45% |

## Operating expense total | 2.4m | 2.6m | 2.6m | 2.7m | 2.9m | 2.9m | 2.7m | 2.8m | 3.0m | 3.0m | 2.9m | 2.9m | 3.4m | 3.1m | 3.2m | 3.5m | 2.8m |

## EBIT | 1.7m | 1.2m | 1.3m | 1.2m | 356.0k | 551.2k | (1.7k) | 2.4m | 4.1m | 2.3m | 1.7m | 2.2m | 1.9m | 2.1m | 2.1m | 944.0k | 1.3m |

| 25% | 17% | 17% | 16% | 5% | 8% | 0% | 24% | 35% | 22% | 18% | 22% | 17% | 19% | 19% | 10% | 14% |

## Interest expense | 34.6k | 35.5k | 33.9k | 22.0k | 12.0k | 13.0k | |||||||||||

## Interest income | 13.0k | ||||||||||||||||

## Pre tax profit | 4.1m | ||||||||||||||||

## Income tax expense | 687.6k | 413.4k | 466.0k | 293.4k | 72.8k | 701.9k | 1.4m | 791.0k | 881.0k | 687.0k | 903.0k | 836.0k | 343.0k | 580.0k | |||

## Net Income | 1.6m | 2.7m | 907.0k | 1.4m | 1.3m | 1.2m | 1.3m | 627.0k | 768.0k |

- Source: SEC Filings

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Cash | 4.0m | 3.6m | 2.7m | 3.9m | 8.2m | 4.1m |

## Accounts Receivable | 4.4m | 4.1m | 3.5m | 5.8m | ||

## Inventories | 769.3k | 690.0k | 1.1m | 1.1m | ||

## Current Assets | 10.0m | 10.6m | 8.5m | 10.9m | 13.9m | 13.9m |

## PP&E | 10.2m | |||||

## Total Assets | 16.5m | 24.1m | 22.4m | 25.0m | 26.5m | 25.0m |

## Accounts Payable | 510.6k | 845.1k | 747.3k | 1.4m | 398.0k | 682.0k |

## Short-term debt | 1.4m | 1.6m | 1.1m | 957.0k | 416.0k | |

## Current Liabilities | 3.0m | 3.6m | 3.6m | 4.5m | 4.2m | 4.1m |

## Long-term debt | 4.8m | 4.3m | 2.2m | 2.4m | 1.2m | |

## Total Debt | 6.2m | 5.9m | 3.4m | 3.4m | 1.6m | |

## Total Liabilities | 4.3m | 10.7m | 9.4m | 7.9m | 6.2m | |

## Additional Paid-in Capital | 28.9m | 29.5m | 30.0m | 30.6m | 31.0m | 31.5m |

## Retained Earnings | (6.6m) | (6.6m) | (8.3m) | (4.9m) | (2.1m) | (1.3m) |

## Total Equity | 12.3m | 12.8m | 11.7m | 15.6m | 18.6m | 18.7m |

## Debt to Equity Ratio | 0.5 x | 0.5 x | 0.2 x | 0.2 x | ||

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.1 x | 0.1 x | ||

## Financial Leverage | 1.3 x | 1.9 x | 1.9 x | 1.6 x | 1.4 x | 1.3 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Net Income | 3.8m | 3.2m | 1.5m | 6.7m | 6.1m | 4.6m |

## Depreciation and Amortization | 872.2k | 1.1m | 1.7m | 2.3m | 2.8m | 3.1m |

## Accounts Receivable | 251.9k | 290.7k | 539.4k | (2.3m) | 1.3m | (355.0k) |

## Accounts Payable | (159.2k) | 334.5k | (97.8k) | 144.0k | (990.0k) | 77.0k |

## Cash From Operating Activities | 6.0m | 4.5m | 4.6m | 9.3m | 9.1m | 7.9m |

## Cash From Investing Activities | (1.8m) | (7.8m) | (1.8m) | (2.1m) | (1.2m) | (5.4m) |

## Dividends Paid | (3.2m) | (3.2m) | (3.2m) | (3.3m) | (3.3m) | (3.8m) |

## Cash From Financing Activities | (3.3m) | 3.0m | (3.7m) | (5.9m) | (3.5m) | (5.6m) |

## Interest Paid | 77.0k | 128.3k | 134.0k | 70.0k | 108.0k | |

## Income Taxes Paid | 1.2m | 1.2m | 39.8k | 1.8m | 2.8m | 3.7m |

- Source: SEC Filings

USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.6m | 2.7m | 2.4m | 3.8m | 1.3m | 2.4m | 3.7m | 627.0k | 1.4m | |||||||||

## Depreciation and Amortization | 1.4m | 2.1m | 753.0k | 1.5m | 2.3m | 764.0k | 1.5m | |||||||||||

## Accounts Receivable | 574.0k | 423.0k | (1.6m) | (857.0k) | (3.6m) | (302.0k) | 303.0k | |||||||||||

## Accounts Payable | 577.1k | 778.5k | 1.2m | 683.2k | 475.0k | 589.6k | 635.4k | 1.3m | 988.5k | 1.1m | 622.0k | (976.0k) | (263.0k) | (116.0k) | 322.0k | 394.0k | (306.0k) | (428.0k) |

## Cash From Operating Activities | 3.4m | 7.1m | 1.4m | 3.6m | 4.0m | 368.0k | 1.7m | |||||||||||

## Cash From Investing Activities | (739.0k) | (946.0k) | (218.0k) | (535.0k) | (1.1m) | (112.0k) | ||||||||||||

## Dividends Paid | (1.6m) | (2.5m) | (824.0k) | (1.8m) | (2.8m) | (991.0k) | (2.0m) | |||||||||||

## Cash From Financing Activities | (3.6m) | (4.5m) | (1.1m) | (2.4m) | (3.6m) | (1.1m) | (2.2m) | |||||||||||

## Interest Paid | 41.0k | 53.0k | 28.0k | 56.0k | 83.0k | 17.0k | 38.0k | |||||||||||

## Income Taxes Paid | 1.9m | 1.9m | 370.0k | 1.9m | 2.3m | 432.0k | 1.5m |

- Source: SEC Filings

USD | Y, 2019 |
---|---|

## EV/EBIT | 35.2 x |

## EV/CFO | 27.6 x |

## Financial Leverage | 1.4 x |