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0.00%
Close of 9 Nov 2026, in USD
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About Lifeloc Technologies
From its filings with the US Securities and Exchange Commission
Lifeloc Technologies is based in Wheat Ridge, Colorado and is incorporated in Colorado. Its shares trade on OTC under the ticker LCTC. The SEC classifies its business as laboratory analytical instruments. In the fiscal year to 31 December 2025, it reported revenue of $9.0m and a net loss of $2.5m. At that date it held total assets of $6.7m and shareholders' equity of $4.1m.
We filed a registration statement on Form 10 with the Securities and Exchange Commission, which became effective on May 31, 2011.
Infrared devices, which use infrared light absorption to detect breath alcohol. These devices generally lack portability, and are usually found in fixed locations, such as police stations, where subjects are brought for testing. This technology has the advantage of being mandated by law in most states for evidential use in breath testing.
Semiconductor breath testing technology, which is used primarily in consumer breathalyzers. Its primary advantage is low cost, but the technology is not widely accepted by professional users as being as accurate as fuel cell technology.
Chemical tests, which are based on urine and saliva testing. This approach to alcohol testing is more invasive, less convenient than breath testing, and may require subsequent analysis for results.
Blood alcohol tests, which require blood samples. These tests are widely believed to be the most accurate form of alcohol testing because they measure blood alcohol content directly from a sample of the subject's blood. However, the results are not instantaneous, and the tests are more invasive and expensive than breath alcohol testing.
Quoted from its 10-K, filed 27 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Electronic Equipment, Instruments & Components
- Listed since
- 17 Jan 2012
- Employees
- 35
- Website
- lifeloc.com ↗
- Head office
- 12441 WEST 49TH AVE UNIT #4, WHEAT RIDGE, CO, 80033
- Incorporated in
- CO
- Classification
- Laboratory Analytical Instruments
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Vern KornelsenChairman of the Board, Chief Financial Officer, Secretary, since 1991$96,000
- Dr. Wayne WillkommPresident, Chief Executive Officer, Director, since 2011$296,764
- Ms. Michelle HeimChief Accounting Officer, Controller$122,201
- Dr. Michael KornelsenDirector$1,500
- Mr. Adam KashenbergIndependent Director$750
- Mr. Donald SieckeIndependent Director$1,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Lifeloc Technologies Inc has several strengths that contribute to its success in the market. One notable strength is its strong reputation for producing high-quality and reliable breath alcohol testing devices. These devices are trusted by law enforcement agencies, corporations, and the military, enhancing the company's credibility in the industry.
- Another strength is Lifeloc's extensive experience in the field, with over 30 years of expertise in breath alcohol testing technology. This experience has allowed the company to continuously improve its products and stay ahead of competitors.
Weaknesses
- Despite its strengths, Lifeloc Technologies Inc also faces certain weaknesses that could hinder its growth. One weakness is the company's relatively small size compared to some of its competitors. This limits its resources and may restrict its ability to invest in research and development or expand into new markets.
- Additionally, Lifeloc's dependency on government regulations and law enforcement agencies for sales can be seen as a weakness, as changes in regulations or shifts in government spending priorities could impact the company's revenue.
Opportunities
- Lifeloc Technologies Inc can capitalize on various opportunities to drive its growth. The increasing concerns about drunk driving and drug abuse have created a growing demand for accurate and reliable breath alcohol testing devices. Lifeloc can leverage this opportunity by expanding its product line and targeting new customer segments, such as private corporations or transportation companies.
- Furthermore, advancements in technology present an opportunity for Lifeloc to develop innovative testing solutions. For example, incorporating wireless connectivity or smartphone compatibility into their devices could attract tech-savvy customers and open new markets.
Threats
- Lifeloc Technologies Inc operates in an industry with several potential threats. One major threat is the presence of strong competition from larger companies with greater financial resources. These competitors may invest heavily in research and development, making it challenging for Lifeloc to keep up with advancements.
- Moreover, changing regulatory environments pose a threat to the company. New regulations or stricter enforcement of existing laws could disrupt Lifeloc's market and require costly adjustments to its products.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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