PharmChem Laboratories Inc (PCHM)

[LMLYP]

Margins

Gross Margins run between 62% and 64%, the latter being the highest and reported in the first half of 2020.

Operating Margins have gone up in every period in the last seven and a half years.

Pre-tax Margins have gone up in every period in the last seven and a half years.

I had a numerical presentation that formatted poorly so I will get back later.

Based on the expectations of no change in the process and operations as well as much higher revenues, that will lead to PCHM's highest operating and pre-tax margins. In the first half of 2020, gross margins were 64% (record), operating margins were 31.3% (record) and pretax margins were 32.2% (record)

I'll have more of a spread sheet in a future post