How much cash does Psychemedics have?

According to Psychemedics's latest annual financial reports, the company has a total of $1.96M in cash and cash equivalents. This amount includes all liquid assets that can be readily converted into cash.

Additionally, Psychemedics holds $- in short-term investments, which are highly liquid assets that can be easily converted into cash within a short period.

In total, the company has $1.96M when combining cash and cash equivalents with short-term investments.

On a per-share basis, Psychemedics has $0.34 in cash. This metric helps investors understand how much cash the company holds per outstanding share.

The company's free cash flow, which is the cash generated from operations after deducting capital expenditures, stands at $-1.64M. This is an important indicator of financial health, showing the cash available for distribution to shareholders or reinvestment into the company.

Lastly, the company's cash position has experienced a growth rate of -58.65%, reflecting the increase in cash and cash equivalents over the specified period.

Psychemedics Historical Cash on Hand

Cash on Hand History

The table below shows the amount of cash on hand for each year, with the latest data available for the last fiscal year 2023.

Year	Cash on Hand	Change
2023	$1.96M	-58.65%
2022	$4.75M	138.45%
2021	$1.99M	-29.69%
2020	$2.83M	-61.10%
2019	$7.28M	78.99%
2018	$4.07M	-50.17%
2017	$8.16M	107.34%
2016	$3.94M	46.42%
2015	$2.69M	-25.54%
2014	$3.61M	-9.03%
2013	$3.97M	29.51%
2012	$3.07M	-44.90%
2011	$5.56M	49.56%
2010	$3.72M	-23.14%
2009	$4.84M	-26.99%
2008	$6.63M	8.75%
2007	$6.10M	45.85%
2006	$4.18M	24.69%
2005	$3.35M	2.83%
2004	$3.26M	7.86%
2003	$3.02M	-17.17%
2002	$3.65M	17.30%
2001	$3.11M	-9.43%
2000	$3.43M	281.62%
1999	$900.00K	28.57%
1998	$700.00K	16.67%
1997	$600.00K	-60.00%
1996	$1.50M	650.00%
1995	$200.00K	-60.00%
1994	$500.00K	-50.00%
1993	$1.00M	0.00%
1992	$1.00M	-47.37%
1991	$1.90M	N/A
1990	$-	-100.00%
1989	$100.00K	-75.00%
1988	$400.00K	N/A