---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001070"
form_type: "8-K"
ticker: "LCTC"
cik: "0001493137"
company_name: "Lifeloc Technologies, Inc"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:06:55.390751+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lifeloc Q2 2023 net profit $55K vs loss last year; SpinDx beta testing expected in 2023

## Summary
- Quarterly revenue $2.280M, up 5% YoY; net profit $55K ($0.02 diluted EPS) vs loss of $(202)K in Q2 2022.
- Gross margin improved to 45.7% from 30.4% YoY on price increases, lower depreciation, and easing supply constraints.
- R&D spending rising for SpinDx platform; beta testing of saliva THC detection device expected in 2023, commercialization in 2024.
- CEO notes production backlog partially satisfied; supply constraints no longer a significant impediment to order flow.
- Six-month net profit $1K (breakeven) vs loss of $(346)K in same period of 2022.

## SEC filing metadata
- accession: 0001079973-23-001070
- form_type: 8-K
- ticker: LCTC
- cik: 0001493137
- company_name: Lifeloc Technologies, Inc
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493137/000107997323001070/0001079973-23-001070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493137/000107997323001070/lctc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001070
- JSON: https://secwatch.observer/filing/0001079973-23-001070.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001070.txt

## Key facts
- Earnings Releases
  Lifeloc Technologies, Inc reported the quarter ended June 30, 2023 results: revenue $2.280 million, net income $55 thousand, EPS $0.02 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $2.280 million
  - Net income: $55 thousand
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: Lifeloc posted quarterly net revenue of $2.280 million in the second quarter of 2023, resulting in a quarterly net profit of $55 thousand, or $0.02 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493137/000107997323001070/0001079973-23-001070-index.htm

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