secwatch.observer — SEC 8-K summary
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Issuer:     Lifeloc Technologies, Inc (LCTC)
CIK:        0001493137
Form:       8-K
Filed at:   2021-08-06T23:59:59+00:00
Accession:  0001079973-21-000699
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lifeloc reports Q2 2021 net loss of $110K on $1.73M revenue, up 31% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493137/000107997321000699/0001079973-21-000699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493137/000107997321000699/lclc_8k-q2.htm
  HTML page:      https://secwatch.observer/filing/0001079973-21-000699

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer