AP NEWS

Psychemedics: 1Q Earnings Snapshot

May 13, 2020 GMT

ACTON, Mass. (AP) _ Psychemedics Corp. (PMD) on Wednesday reported a first-quarter loss of $159,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Acton, Massachusetts-based company said it had a loss of 3 cents.

The drug testing company posted revenue of $7.5 million in the period.

Psychemedics shares have decreased 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.24, a drop of 50% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PMD at https://www.zacks.com/ap/PMD