Lifeloc Technologies, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 09, 2019 at 12:58 am IST
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Lifeloc Technologies, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 2.258 million compared to USD 2.055 million a year ago. Operating income was USD 193,713 compared to USD 92,923 a year ago. Net income was USD 151,525 compared to USD 58,164 a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.02 a year ago. For the nine months, total revenue was USD 6.664 million compared to USD 6.386 million a year ago. Operating income was USD 539,166 compared to USD 237,486 a year ago. Net income was USD 401,209 compared to USD 147,493 a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.06 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. 
