Lifeloc Q3 net loss $0.04/share vs profit $0.21 YoY; revenue up 8% but supply chain hurts

Lifeloc Technologies, Inc

2022-Q3 EPS reported -$0.18 revenue$6,372,526

Revenue $2.032M (+8% YoY); net loss $(87k) vs profit $523k in Q3 2021 (included $471k PPP forgiveness).
Nine months 2022: revenue $6.373M, net loss $(433k) or $(0.18)/share vs net profit $816k ($0.33) prior year.
R&D investment increases and supply chain disruption contribute to loss; broad price increase implemented Q2.
LX9 and LT7 L-series devices driving sales growth; expected to be incremental to FC line.
SpinDx marijuana detection testing shows good correlation; development continues; R&D spend to stay high.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lifeloc Technologies, Inc reported the quarter ended September 30, 2022 results: revenue $2.032 million, net income $(87) thousand, EPS $(0.04) per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $2.032 million
Net income: $(87) thousand
EPS: $(0.04) per diluted share
Result: reported results

Exact text from the filing

Lifeloc posted quarterly net revenue of $2.032 million in the third quarter of 2022, resulting in a quarterly net loss of $(87) thousand, or $(0.04) per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lifeloc Technologies, Inc reported the nine months ended September 30, 2022 results: revenue $6.373 million, net income $(433) thousand, EPS $(0.18) per diluted share.

Period: the nine months ended September 30, 2022
Revenue: $6.373 million
Net income: $(433) thousand
EPS: $(0.18) per diluted share
Result: reported results

Exact text from the filing

Nine-month net revenue of $6.373 million and a net loss of $(433) thousand, or $(0.18) per diluted share, compared to net revenue of $5.427 million and a net profit of $816 thousand, or $0.33 per diluted share, for the same nine months of 2021.

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Lifeloc Technologies, Inc filing history →

Source: SEC EDGAR

accession 0001079973-22-001427

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