Lifeloc Technologies Reports 2023 Full Year Results [Yahoo! Finance]
LIFELOC TECHNOLOGIES INC (LCTC)
NASDAQ:AMEX Investor Relations:
lifeloc.com/investor
Company Research
Source: Yahoo! Finance
breath alcohol testing devices, has announced financial results for the 2023 fiscal year ended December 31, 2023. 2023 Financial Highlights Lifeloc Technologies posted annual net revenue of $9.330 million resulting in a net profit of $206 thousand in 2023, or $0.08 per diluted share. These results compare to net revenue of $8.482 million for 2022, with net loss of $456 thousand, or ($0.19) per diluted share. The 2022 results included a one-time gain of $108 thousand from the employee retention tax credit, which was not present in 2023. Revenues for 2023 grew by 10% over 2022 sales, exceeding pre-pandemic sales levels to a near record level. Total gross margin in 2023 improved to 43.3% versus 36.3% for 2022. The gross margin improvement over last year resulted from a combination of price increases, lower depreciation, and increased efficiencies resulting from a lessening of supply constraints, offset by impacts from inflation. The margin improvement, along with the sales increase
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Sec Filings
- 4/24/24 - Form DEF
- 4/2/24 - Form 8-K
- 4/1/24 - Form 10-K
- LCTC's page on the SEC website