Lifeloc Technologies Reports First Quarter 2024 Results [Yahoo! Finance]
LIFELOC TECHNOLOGIES INC (LCTC)
NASDAQ:AMEX Investor Relations:
lifeloc.com/investor
Company Research
Source: Yahoo! Finance
breath alcohol and drug testing devices, has announced financial results for the first quarter ended March 31, 2024. First Quarter Financial Highlights Lifeloc posted quarterly net revenue of $2.153 million resulting in a quarterly net loss of $(284) thousand, or $(0.12) per diluted share. These results compare to net revenue of $2.165 million and quarterly net loss of ($54) thousand, or ($0.02) per diluted share in the first quarter of 2023. Revenue change for the quarter was essentially flat, decreasing $11 thousand versus the first quarter last year. Gross margin in the first quarter declined to 38.8% versus 43.2% last year, due primarily to increases in costs resulting from inflation. Research and Development investment rose by 40%, primarily for SpinDx development, contributing significantly to the current period loss. We believe our core alcohol detection product line-up is strong. The L-series LX9 and LT7 units have features and performance that have driven market penetra
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News
- U.S. Roadside Drug Testing Market Trends Analysis Report 2024-2030: Focus on Alcohol, Cannabis/Marijuana, Cocaine, Opioids, Amphetamine & Methamphetamine, LSD [Yahoo! Finance]Yahoo! Finance
- Lifeloc Reports Second Quarter 2024 ResultsAccesswire
- Breathalyzer Market Size Projected to Surge $9.66 Billion Growth by 2033, Exhibit a CAGR of 16.94% [Yahoo! Finance]Yahoo! Finance
- Lifeloc Technologies, Inc. Appoints Adam Kashenberg to its Board of DirectorsAccesswire
LCTC
Sec Filings
- 8/14/24 - Form 3
- 8/8/24 - Form 8-K
- 8/8/24 - Form 10-Q
- LCTC's page on the SEC website