---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-000641"
form_type: "8-K"
ticker: "LCTC"
cik: "0001493137"
company_name: "Lifeloc Technologies, Inc"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:52:19.425998+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Lifeloc Q1 net loss narrows to $54K; revenue flat at $2.165M

## Summary
- Net revenue $2.165M flat YoY; net loss $(54)K ($0.02/sh) vs $(145)K loss ($0.06/sh) in Q1 2022.
- Gross margin improved to 43.2% from 39.0% YoY, driven by price increases and lower depreciation.
- R&D spending increased for SpinDx THC saliva testing platform; commercialization expected in 2024.
- Supply chain constraints held back sales but component lead times shortening; backlog expected to be fulfilled in Q2.
- Company implemented additional price increases for 2023 to offset component inflation.

## SEC filing metadata
- accession: 0001079973-23-000641
- form_type: 8-K
- ticker: LCTC
- cik: 0001493137
- company_name: Lifeloc Technologies, Inc
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493137/000107997323000641/0001079973-23-000641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493137/000107997323000641/lclc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-000641
- JSON: https://secwatch.observer/filing/0001079973-23-000641.json
- Plain text: https://secwatch.observer/filing/0001079973-23-000641.txt

## Key facts
- Earnings Releases
  Lifeloc Technologies, Inc reported first quarter ended March 31, 2023 results: revenue $2.165 million, net income $(54) thousand, EPS $(0.02) per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $2.165 million
  - Net income: $(54) thousand
  - EPS: $(0.02) per diluted share
  - Result: reported results
  source text: Lifeloc posted quarterly net revenue of $2.165 million resulting in a quarterly net loss of $(54) thousand, or $(0.02) per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493137/000107997323000641/0001079973-23-000641-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.