Lifeloc Technologies, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
March 17, 2020 at 05:33 pm
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Lifeloc Technologies, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced total revenue was USD 8.751 million compared to USD 8.437 million a year ago. Operating income was USD 481,215 compared to USD 270,623 a year ago. Net income was USD 625,826 compared to USD 217,164 a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.09 a year ago.
Lifeloc Technologies, Inc. is a manufacturer of evidential breath alcohol testers and related training and supplies for workplace, law enforcement, corrections, and international customers. The Company designs, produces and sells fuel-cell based breath alcohol testing equipment. It operates through two segments: Products and Rentals. The Products segment is engaged in the sale of physical products, including portable hand-held breathalyzers and related accessories, supplies, education, training, and royalties from development contracts with original equipment manufacturers (OEMs). The Rentals segment is engaged in the rental of a portion of its building. In addition, the Company offers a line of supplies, accessories, services, and training to support customers alcohol testing programs. It sells globally through distributors as well as directly to users. It sells certain of its components to customers for incorporation into their own product lines and for resale under their own name.
LIFELOC TECHNOLOGIES, INC. 
