secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lifeloc Technologies, Inc (LCTC)
CIK:        0001493137
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001079973-22-000956
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493137/000107997322000956/0001079973-22-000956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493137/000107997322000956/lclc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-22-000956

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