secwatch.observer — SEC 8-K summary
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Issuer:     Lifeloc Technologies, Inc (LCTC)
CIK:        0001493137
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001079973-22-000186
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493137/000107997322000186/0001079973-22-000186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493137/000107997322000186/lclc_8k-q4.htm
  HTML page:      https://secwatch.observer/filing/0001079973-22-000186

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