Lifeloc reports 2021 net income $676K, EPS $0.27; revenue up 11% to $7.05M

Lifeloc Technologies, Inc

2021-FY EPS reported $0.27 revenue$7,054,430

Net revenue $7.054M (+11% YoY); net income $676K ($0.27 diluted) vs net loss $922K in 2020.
Results include $936K one-time gain from PPP loan forgiveness (SBA).
L-series (LX9, LT7) sales grew 65% YoY; new platform driving incremental growth.
Refinanced building mortgage: 2.95% fixed until Sep 2031, down from 4% – cash flow positive.
R.A.D.A.R. 200 released to sales; SpinDx drug detection platform targeted for late 2022 revenue.

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