| Business Summary | | Psychemedics
Corporation
is
provides
testing
services
for
the
detection
of
abused
substances
through
the
analysis
of
hair
samples.
The
Company's
testing
methods
utilize
a
patented
technology
for
performing
immunoassays
on
enzymatically
dissolved
hair
samples
with
confirmation
testing
by
mass
spectrometry.
The
Company's
first
application
of
its
patented
technology
is
a
testing
service
that
screens
for
the
presence
of
certain
drugs
of
abuse
in
hair.
The
Company's
tests
provide
quantitative
information
that
indicates
the
approximate
amount
of
drug
ingested
as
well
as
historical
data
which
can
show
a
pattern
of
individual
drug
use
over
a
period
of
time.
This
information
is
useful
to
employers
in
both
applicant
and
employee
testing,
to
physicians,
treatment
professionals,
law
enforcement
agencies,
to
the
insurance
industry;
and
to
parents
concerned
about
drug
use
by
their
children
and
to
other
individuals
and
entities
engaged
in
any
business
where
drug
use
is
an
issue. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Psychemedics
Corporation
utilizes
a
patented
hair
analysis
method
involving
radioimunoassay
technology
to
analyze
human
hair
to
detect
abused
substances.
For
the
six
months
ended
6/30/01,
revenues
decreased
15%
to
$8.6
million.
Net
income
decreased
73%
to
$337
thousand.
Results
reflect
a
decrease
in
revenues
due
to
the
lower
volume
from
existing
customers
resulting
from
the
current
economic
downturn,
and
increased
expenses
pertaining
to
additions
to
the
sales
force. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Werner Baumgartner, Ph.D., 65 Chairman | -- | Raymond Kubacki, Jr., 56 Pres,
CEO, Director | $226K | A. Clinton Allen, 57 Vice
Chairman | 186K | Peter Monson, 45 CFO,
VP, Treasurer | 117K | William Thistle, 51 VP
and Gen. Counsel | 153K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|