earnings
confidence high
sentiment neutral
materiality 0.55
Lifeloc reports Q2 2021 net loss of $110K on $1.73M revenue, up 31% YoY
Lifeloc Technologies, Inc
2021-Q2 EPS reported
$0.12
revenue$3,539,179
- Q2 revenue $1.73M, net loss $110K ($0.04 diluted) vs. $1.32M revenue and $350K loss in Q2 2020.
- Six-month 2021 revenue $3.54M, net profit $294K ($0.12 diluted) includes $465K PPP loan forgiveness.
- Received second PPP loan of $471K in Q1 2021; plans to apply for forgiveness in Q3 2021.
- New L-series LX9 and LT7 devices gaining traction; R.A.D.A.R. 200 in field testing with release planned this year.
- SpinDx marijuana breathalyzer development prioritized over short-term profitability.