Lifeloc Q2 revenue up 26% to $2.18M, net loss widens to $(0.08)/share

Lifeloc Technologies, Inc

2022-Q2 EPS reported -$0.14 revenue$4,340,660

Net loss of $202k ($0.08 per share) on revenue of $2.18M, vs net loss of $110k ($0.04 per share) on $1.73M in Q2 2021.
Six-month 2022 net loss $346k ($0.14/diluted share) on revenue $4.34M; 2021 six-month net income $294k ($0.12) included $465k PPP forgiveness.
New L-series devices (LX9, LT7) driving revenue growth; company expects sales to be incremental and not displace FC-series.
Created subsidiary Probation Tracker Inc. for R.A.D.A.R. 300 development; plans to distribute shares as stock dividend pending regulatory approval.
R&D spending remains high as SpinDx platform development continues; goal of initial SpinDx sales in 2022.

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