Acton Corporation Announces Record Revenues for 2012
Psychemedics declares 66th consecutive quarterly dividend.
One Acton-based company had a very good 2012, and it has the statistics to prove it.
According to a report, Psychemedics Corporation announced its revenue for the year ended December 31, 2012 was $25.2 million, an increase of 5% as compared to $24.1 million for 2011.
The Company also announced a quarterly dividend of $0.15 per share payable to shareholders of record as of March 7, 2013 to be paid on March 21, 2013. This will be the Company's 66th consecutive quarterly dividend.
"2012 was a year of major accomplishments and transition," Chairman and CEO Raymond C. Kubacki said in the release. "In addition to record revenues, primarily due to strong new business growth, the Company re-established its strong patent protection and successfully transitioned to a new production technology."
Psychemedics Corporation Statements of Income and Comprehensive Income
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Three Months Ended |
Twelve Months Ended |
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|
December 31, |
December 31, |
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|
2012 |
2011 |
2012 |
2011 |
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|
Revenues |
$5,658,184 |
$5,546,942 |
$25,223,534 |
$24,089,608 |
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|
Cost of revenues |
2,892,745 |
2,373,511 |
10,971,886 |
9,616,985 |
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Gross profit |
2,765,439 |
3,173,431 |
14,251,648 |
14,472,623 |
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