Acton Corporation Announces Record Revenues for 2012

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 66^th 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

Three Months Ended

Twelve Months Ended

December 31,

December 31,

2012

2011

2012

2011

Revenues

$5,658,184

$5,546,942

$25,223,534

$24,089,608

Cost of revenues

2,892,745

2,373,511

10,971,886

9,616,985

Gross profit

2,765,439

3,173,431

14,251,648

14,472,623