---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-22-000186"
form_type: "8-K"
ticker: "LCTC"
cik: "0001493137"
company_name: "Lifeloc Technologies, Inc"
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:26:34.229461+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-22-000186
- form_type: 8-K
- ticker: LCTC
- cik: 0001493137
- company_name: Lifeloc Technologies, Inc
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493137/000107997322000186/0001079973-22-000186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493137/000107997322000186/lclc_8k-q4.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-22-000186
- JSON: https://secwatch.observer/filing/0001079973-22-000186.json
- Plain text: https://secwatch.observer/filing/0001079973-22-000186.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.