secwatch.observer — SEC 8-K summary
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Issuer:     Lifeloc Technologies, Inc (LCTC)
CIK:        0001493137
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001079973-22-001427
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493137/000107997322001427/0001079973-22-001427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493137/000107997322001427/lclc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-22-001427

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