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Psychemedics's Business Segments
Psychemedics's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Reportable Segments
-
Largest Segment
-
Total Revenue
-
Regions Reported
1
Annual Results
Revenue Share by Country -
- US97.6%
Revenue by Geographic Country -
| Country | Revenue (Millions) | % of Total |
|---|---|---|
| US | $ 19 | 97.6% |
Revenue by Product & Service Category -
- Testing87.3%
- Shipping Collection Hair15.2%
- Other Revenue0.6%
Revenue by Product & Service Category -
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Testing | $ 17 | 87.3% |
| Shipping Collection Hair | $ 3 | 15.2% |
| Other Revenue | $ 0 | 0.6% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Psychemedics
Psychemedics Corp is a global leader and pioneer in hair drug testing technology. Founded in 1987, the company is headquartered in Acton, Massachusetts, USA. Psychemedics specializes in providing accurate and reliable drug testing solutions through the analysis of hair samples.
The company's primary offering is the Psychemedics Hair Test, which is considered the most robust and advanced hair drug testing method available in the market. This test is preferred by organizations and professionals across various industries, including corporate, government, educational, and law enforcement sectors.
Psychemedics Corp's approach to drug testing is unique and superior to traditional urine or blood tests. The company uses a patented technology called Enzyme Immunoassay (EIA) to detect the presence of drugs in an individual's hair sample. Unlike other methods that only provide a short-term window of drug use detection, Psychemedics Hair Test can accurately identify drug use patterns for up to 90 days.
The hair testing process begins with collecting a small sample of hair, typically from the scalp, using non-invasive methods. These samples are then analyzed in Psychemedic's state-of-the-art laboratories, which are certified and accredited by various regulatory bodies, including the College of American Pathologists (CAP) and ISO/IEC 17025.
Psychemedics Corp offers a comprehensive panel of drugs for testing, including illicit drugs such as cocaine, marijuana, opioids, amphetamines, and benzodiazepines. Additionally, they provide testing for prescription drugs, synthetic drugs, and designer drugs, ensuring a thorough evaluation of an individual's drug history.
The company's commitment to accuracy and reliability is reflected in their quality control protocols. Psychemedics follows rigorous procedures to minimize the risks of false-positive or false-negative results, including conducting initial screening tests followed by confirmatory testing using gas chromatography-mass spectrometry (GC-MS). They also employ advanced adulterant-detection techniques to identify any potential sample tampering or substitution.
Psychemedics Corp places a strong emphasis on providing exceptional customer service. They offer comprehensive support to their clients, including consultation on drug testing policies and procedures, assistance with result interpretation, and custom-designed testing programs tailored to meet specific organizational needs.
Apart from their core hair testing services, Psychemedics Corp also offers additional programs such as random testing, post-accident testing, pre-employment screening, and follow-up testing. They continually invest in research and development to enhance their testing capabilities and stay ahead of evolving drug trends and technologies.
Overall, Psychemedics Corp has established itself as a trusted and reliable partner in the field of drug testing. With their cutting-edge technology, extensive expertise, and commitment to excellence, they continue to play a vital role in helping organizations maintain a drug-free work environment and promote public safety.
The company's primary offering is the Psychemedics Hair Test, which is considered the most robust and advanced hair drug testing method available in the market. This test is preferred by organizations and professionals across various industries, including corporate, government, educational, and law enforcement sectors.
Psychemedics Corp's approach to drug testing is unique and superior to traditional urine or blood tests. The company uses a patented technology called Enzyme Immunoassay (EIA) to detect the presence of drugs in an individual's hair sample. Unlike other methods that only provide a short-term window of drug use detection, Psychemedics Hair Test can accurately identify drug use patterns for up to 90 days.
The hair testing process begins with collecting a small sample of hair, typically from the scalp, using non-invasive methods. These samples are then analyzed in Psychemedic's state-of-the-art laboratories, which are certified and accredited by various regulatory bodies, including the College of American Pathologists (CAP) and ISO/IEC 17025.
Psychemedics Corp offers a comprehensive panel of drugs for testing, including illicit drugs such as cocaine, marijuana, opioids, amphetamines, and benzodiazepines. Additionally, they provide testing for prescription drugs, synthetic drugs, and designer drugs, ensuring a thorough evaluation of an individual's drug history.
The company's commitment to accuracy and reliability is reflected in their quality control protocols. Psychemedics follows rigorous procedures to minimize the risks of false-positive or false-negative results, including conducting initial screening tests followed by confirmatory testing using gas chromatography-mass spectrometry (GC-MS). They also employ advanced adulterant-detection techniques to identify any potential sample tampering or substitution.
Psychemedics Corp places a strong emphasis on providing exceptional customer service. They offer comprehensive support to their clients, including consultation on drug testing policies and procedures, assistance with result interpretation, and custom-designed testing programs tailored to meet specific organizational needs.
Apart from their core hair testing services, Psychemedics Corp also offers additional programs such as random testing, post-accident testing, pre-employment screening, and follow-up testing. They continually invest in research and development to enhance their testing capabilities and stay ahead of evolving drug trends and technologies.
Overall, Psychemedics Corp has established itself as a trusted and reliable partner in the field of drug testing. With their cutting-edge technology, extensive expertise, and commitment to excellence, they continue to play a vital role in helping organizations maintain a drug-free work environment and promote public safety.
Psychemedics Corporation is renowned for its pioneering contributions to the field of drug testing, specifically focusing on the detection of substance abuse through hair analysis. The company offers a range of segments, products, and services that cater to various industries and sectors, including healthcare, law enforcement, and corporate wellness programs. Here’s an extensive look at what Psychemedics offers:
Segments
1. Drug Testing Services:
- Individual Testing: Tailored services for individuals who may need drug testing for personal reasons, such as legal concerns or employment opportunities.
- Corporate Testing: Customized programs designed to help employers conduct drug tests as part of their pre-employment screening or ongoing employee wellness programs.
- Legal and Government: Services offered to government agencies and legal entities for various testing requirements.
2. Research and Development:
- Engage in ongoing research to improve drug testing methodologies and develop new testing protocols to enhance accuracy and reliability in detecting substances.
3. Educational Programs:
- Training and educational services offered to organizations to raise awareness about drug abuse, the importance of testing, and how to implement effective drug testing programs.
Products
1. Hair Analysis Testing Kits:
- Psychemedics provides specialized kits for collecting hair samples. The kits are designed to simplify the collection process for both the tester and the individual being tested.
- The kits ensure that samples are collected in a manner that maintains chain-of-custody and meets all regulatory requirements for accurate testing.
2. Laboratory Services:
- Psychemedics operates its own testing laboratories equipped with advanced technology for analyzing hair samples.
- Utilizes a proprietary method that has been validated by scientific research to identify a wide variety of drugs and substances.
3. Testing Panels:
- Offers various testing panels that can detect substances such as marijuana, cocaine, opiates, methamphetamines, and more.
- Panels can be customized based on the specific needs of an organization or individual.
Services
1. Comprehensive Testing Analysis:
- Conducts thorough analysis of hair samples to provide accurate results regarding substance usage, detecting drug use over extended periods (typically up to 90 days).
- Services can identify the quantity of drug use and the timeframe during which it occurred.
2. Customizable Reporting:
- Provides results in a detailed, user-friendly format that includes interpretation of findings, timelines of substance use, and recommendations for follow-up actions.
3. Support and Consultation:
- Offers consultation services to help organizations develop their drug testing policies and programs, ensuring compliance with local regulations and employer best practices.
- High-level customer support to address any queries or concerns clients may have about testing procedures, results, and implications.
4. Follow-Up Services:
- Offers post-testing services which may include additional counseling or support for individuals who test positive for substance abuse.
5. Data Collection and Management Tools:
- Utilizes technology-driven platforms to manage and streamline the collection, processing, and reporting of drug testing data.
Industry Applications
- Workplace Drug Testing: Primarily targets corporations looking to maintain a safe and drug-free work environment through regular testing.
- Healthcare Providers: Assists healthcare professionals in monitoring patients for substance abuse disorders and facilitating treatment options.
- Educational Institutions: Offers services to schools and colleges who wish to implement drug testing programs for students.
- Legal and Criminal Justice: Supports parole/probation monitoring as well as investigative purposes for law enforcement agencies.
In summary, Psychemedics Corporation excels in the realm of drug testing, leveraging its advanced hair analysis technology to deliver accurate, reliable solutions that meet the needs of diverse sectors. Their focus on education, research, and customer support aligns with contemporary needs surrounding substance abuse detection and prevention.
Segments
1. Drug Testing Services:
- Individual Testing: Tailored services for individuals who may need drug testing for personal reasons, such as legal concerns or employment opportunities.
- Corporate Testing: Customized programs designed to help employers conduct drug tests as part of their pre-employment screening or ongoing employee wellness programs.
- Legal and Government: Services offered to government agencies and legal entities for various testing requirements.
2. Research and Development:
- Engage in ongoing research to improve drug testing methodologies and develop new testing protocols to enhance accuracy and reliability in detecting substances.
3. Educational Programs:
- Training and educational services offered to organizations to raise awareness about drug abuse, the importance of testing, and how to implement effective drug testing programs.
Products
1. Hair Analysis Testing Kits:
- Psychemedics provides specialized kits for collecting hair samples. The kits are designed to simplify the collection process for both the tester and the individual being tested.
- The kits ensure that samples are collected in a manner that maintains chain-of-custody and meets all regulatory requirements for accurate testing.
2. Laboratory Services:
- Psychemedics operates its own testing laboratories equipped with advanced technology for analyzing hair samples.
- Utilizes a proprietary method that has been validated by scientific research to identify a wide variety of drugs and substances.
3. Testing Panels:
- Offers various testing panels that can detect substances such as marijuana, cocaine, opiates, methamphetamines, and more.
- Panels can be customized based on the specific needs of an organization or individual.
Services
1. Comprehensive Testing Analysis:
- Conducts thorough analysis of hair samples to provide accurate results regarding substance usage, detecting drug use over extended periods (typically up to 90 days).
- Services can identify the quantity of drug use and the timeframe during which it occurred.
2. Customizable Reporting:
- Provides results in a detailed, user-friendly format that includes interpretation of findings, timelines of substance use, and recommendations for follow-up actions.
3. Support and Consultation:
- Offers consultation services to help organizations develop their drug testing policies and programs, ensuring compliance with local regulations and employer best practices.
- High-level customer support to address any queries or concerns clients may have about testing procedures, results, and implications.
4. Follow-Up Services:
- Offers post-testing services which may include additional counseling or support for individuals who test positive for substance abuse.
5. Data Collection and Management Tools:
- Utilizes technology-driven platforms to manage and streamline the collection, processing, and reporting of drug testing data.
Industry Applications
- Workplace Drug Testing: Primarily targets corporations looking to maintain a safe and drug-free work environment through regular testing.
- Healthcare Providers: Assists healthcare professionals in monitoring patients for substance abuse disorders and facilitating treatment options.
- Educational Institutions: Offers services to schools and colleges who wish to implement drug testing programs for students.
- Legal and Criminal Justice: Supports parole/probation monitoring as well as investigative purposes for law enforcement agencies.
In summary, Psychemedics Corporation excels in the realm of drug testing, leveraging its advanced hair analysis technology to deliver accurate, reliable solutions that meet the needs of diverse sectors. Their focus on education, research, and customer support aligns with contemporary needs surrounding substance abuse detection and prevention.