Psychemedics (PMD) provides drug testing via hair analysis. This is an asset-light business that has resulted in this small-cap generating impressive free cash flow over the years. 2018 marked the third consecutive year of record revenue. Domestic revenue grew by 11%, which is slightly above average. The average annual revenue growth over the last five years was 9.7%.
Product Value Proposition
Most U.S. corporations use drug testing to screen job applicants and employees. The widespread practice of drug testing exists because it has the potential to help corporations avoid serious problems. Drug abuse