February 15, 2008
Psychmedics Sees Record Revenues, Profit Drop
Psychmedics Corp. of Acton saw record revenues in 2007, but net income for the year was down 9 percent from 2006, to $4.5 million.
The company said its revenue increase was below historical trends largely because of a reduction in business from a major auto-related client.
Psychmedics technology allows employers, schools and parents to run drug tests using hair rather than urine samples.
The company said its revenue increase was below historical trends largely because of a reduction in business from a major auto-related client.
Psychmedics technology allows employers, schools and parents to run drug tests using hair rather than urine samples.
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