Thursday, January 05, 2017 10:40:04 AM
Lifeloc is not a "one trick pony," they have many other revenue streams, including drug screening products, alcohol and drug training - including Department of Transportation approved testing.
The company is considered a micro cap, with only a $27 Million Dollar Market Cap. With only 2.5 millio shares outstanding - 90% of those shares are held by the Chairmen, president, VP, and about 3 Directors. This leaves only a few hundred thousand shares in the float. This is a profitable company that has been manufacturing and selling it's breathalyzers for years - in contrast with other companies in the race for a marijuana breathalyzer that have no revenues at all, yet much higher Market Caps.
This is an American company based in Colorado that has been in business for years. They received a grant from Colorado several years ago to develop a marijuana breathalyzer. They have been working on it since then, and last year, their new CEO planned on ramping up it's marijuana breathalyzer, which is expected some time this spring/summer.
Just my 2 cents...
Recent LCTC News
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