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The National Drug & Alcohol Screening Association's Annual Conference and Trade Show occurs this week. NDASA’s Conference and Trade Show is the largest, most exciting and relevant event of the year for the drug and alcohol testing industry.
Big names attending include Intoximeters, Abbott, Hound Labs, Quest Diagnostics, and Lifeloc Technologies.
These sessions that occur during the week are very relevant to Lifeloc:
Emerging Technology and the Future of Drug Testing
(Cocoa Suites 4-5)
The world of drug testing is changing as cannabis legalization increases, the economy continues to sputter, and employers look for economical ways to keep their workplaces safe and drug-free. This panel of experts will discuss emerging technologies such as lab-based oral fluid, rapid oral fluid using current and emerging methods specific for parent THC, proctored virtual collections and tests, and non- drug testing impairment evaluations using proven drug recognition eye response technology. Facilitated by Bill Current of Current Consulting Group
What is Trending for Drugs of Abuse?
(Cocoa Suite 1)
New drugs are evolving, including many variations of THC. See an overview of research into the new variants, recognize the psychoactive metabolites present in urine & oral fluid and learn what is presenting in workplace drug test samples. Additional drugs will be discussed based on their importance and impact to the population as we examine developing trends. Dr. David Kuntz, Executive Director for Analytical Toxicology of Clinical Reference Laboratory (CRL)
Quick market cap comparison has Lifeloc at $10.5 million and BLOZF at $42.6 million.
The market still values Cannabix at over 4 times that of Lifeloc. I still don't see it.
We can expect Lifeloc's first quarter earnings to be out this week. It typically reports first quarter between May 7th and 13th.
Earnings have been on an uptrend and I hope to see a record revenue year for 2024. As far as wording or positive surprises in the report, I don't expect much other than the same old - same old. Typical Lifeloc giving us nothing new or exciting to work with.
However, we did manage to trade to 2 year highs on very good volume over the last 2 weeks. I would love for the upward momentum and trade volume to continue. Even Cannabix seems to be in a good uptrend recently so maybe it's a sector momentum/rotation thing. Whatever the case, I pray it continues and we sustain these higher prices.
Got through the all important $4.00 level on good volume and hit a new 52 week high.
Lifeloc board seems unphased with prices we haven't seen in almost 2 years.
Obviously the price can come right back down but it's important that we hold above $3.50.
TMR "Drivers could face mandatory alcohol screening during traffic stops in Ottawa, police warn"
"The mandatory alcohol screening is used around the world and have proven results, according to police."
https://omny.fm/shows/580-cfra/tmr-drivers-could-face-mandatory-alcohol-screening?in_playlist=top-sound-bites#description
The photo in this article is showing one of the FC series breathalyzers from Lifeloc
Maybe we can trade through these $3.75’s tomorrow and get up to that all important $4.00 level!
Need to get some buying volume to get a push through this $3.70-$3.75 level and then more importantly the $4.00 needs to be broken to the upside to really get us moving. Volume has been good recently so let's hope that continues and if we can get through $4.00 on good volume, that would help us tremendously.
The entire marijuana/cannabis sector exploded higher today on rescheduling/reclassifying to schedule III. The proposal, which, if finalized, could potentially be the most significant shift in federal cannabis policy in 40 years.
Feels like lots of shares are being exchanged and trading hands right around this $3.30 level. Every time a buyer comes in, it's met with a seller and every time a seller comes in, it's met with a buyer. Not exactly sure what that means but I do feel like it will lead to either a breakdown below $3.00 or a break up above $4.00.
SPTC Traffic Department to use breathalyzer tests:
https://www.sanpedrosun.com/traffic/2024/04/28/sptc-traffic-department-to-use-breathalyzer-tests/
Every picture in the article is showing the FC20 Lifeloc breathalyzer.
Lifeloc had a very good week in terms of volume traded. It’s been close to 2 years since we have had comparable weekly volume.
Possible reasons may include:
- IACT annual conference attendee/vendor
- Sympathy move with BLOZF
- Something happening behind the scenes that we are unaware of
- Someone accumulating shares before news
Any other reasons someone may have for the jump in volume?
$4 is still our target breakout price. Let’s hope the volume and upward price momentum continue and we can break through the $4 resistance level next week.
BLOZF is working on close to a triple because of a presentation they are making this Friday at the IACT on the topic of cannabis breast testing.
Would it have killed Lifeloc to present their current findings on the topic. Where is the drive, where is the passion, where is the work ethic?
Even so, why can’t we find someone who is part of the Lifeloc team who actually cares about being a public company and is concerned about shareholder value. Wouldn’t you think that for those who own shares, they would want them to increase in value. Why is it this difficult for them to act like a public company and participate in presentations, bring public awareness, post on social media, share progress, etc.
I’m telling you, if Lifeloc were run by the same team at Cannabix, this would be a totally different story.
I just want to see some changes being made. Someone who actually cares needs to join the team.
This is something Lifeloc really should have been involved in:
https://www.iactonline.org/resources/Documents/IACT%202024/W5%20-%20Cannabis%20Breath%20Testing%20-%20Technology%20and%20Analytical%20Considerations.pdf
Cannabix and Hound Labs are making presentations on Cannabis breath testing this Friday. You can see how Cannabix stock price jumped on this news.
When are we going to get Lifeloc to step up to the plate and at least start swinging? You would think after almost 10 years they would be able to present something.
Lifeloc is an exhibitor at this years annual IACT (International Association for Chemical Testing) conference that is happening this week:
https://www.iactonline.org/page-1709724
Perhaps that is what brought us some volume on Friday?
I wonder why they decided not to go with the standard "by the end of the year" statement and they pushed commercialization out to next year. I really was expecting more from this report. We are working on 4 years of the same old same old.
Annual Revenues of $9,329,566 is just a hair off of all time record revenues for Lifeloc:
2010 - $6,118,960
2011 - $8,290,852
2012 - $6,838,551
2013 – $8,425,667
2014 - $9,341,984
2015 - $8,826,473
2016 - $8,381,135
2017 - $7,990,738
2018 - $8,437,654
2019 - $8,751,823
2020 - $6,356,702
2021 - $7,054,430
2022 - $8,481,992
2023 - $9,329,566
Well done! You can have my vote for new CEO.
Still no report. They have never gone into the month of April and released their earnings report so this is a first.
Hopefully they have something new and exciting to share and they are taking their time getting it together.
If they supply us with something of substance in this upcoming report, maybe we should take it upon ourselves to disseminate all pertinent info to some of the social media outlets and see if we can build some interest.
Are you looking for anything in particular from this upcoming report?
I’m looking to see record revenues of over $10 million for the year and something substantial that we can work off of for progress being made on the SpinDx device. I would really love to see something more than just another “by the end of the year” statement from them.
Getting some volume in this thing is the key. We have been stuck in this $2 consolidation range between $1.50 and $3.50 for a year and half now. Just a bit of volume and a move over $4.00/share would be a nice start. Many of the other stocks in the marijuana sector have seen moves of 50%-300% over the last 2 weeks. We could use some of that carry over to help us get above this $4.00 resistance level. It seems as thin as it's ever been so just a bit of volume in either direction could easily move this.
Why do I get the feeling that we will get earnings after the close today with the market closed tomorrow and a long weekend? That seems like typical Lifeloc. There has been only 1 instance where Lifeloc reported after March 28th and that was in 2020 when they reported on March 31st. Wonder why this earnings report has been pushed this far into the month of March.
I have to imagine earnings are due out any day now.
All interest in this company has been lost. It has been over 5 months since we have heard anything from them. This is why they don’t participate in any of the sector momentum.
I just want something to change. Give us some hope here. Let us hear something that gets more people interested.
I don’t even think a record earnings report is going to move this. We need more. We deserve more.
We should see Lifeloc report first quarter and 2023 annual earnings this week. We are looking for annual net revenue to come in higher than last year's $8.5 million. There is a chance they report the highest annual revenue ever as a public company.
Here's what we heard this time last year:
We believe our most important goal and best opportunity remains the convergence of the global need for rapid detection of drugs of abuse with Lifeloc's proven capability to build easy-to-use portable testing equipment. We are focusing our research and development efforts on leveraging the SpinDx™technology platform, sometimes referred to as "Lab on a Disk," to develop a series of devices and tests that can be used at roadside and in emergency rooms, forensic labs and workplace testing to get a rapid and quantitative measure for a panel of drugs of abuse, beginning with a device that allows for detection of delta-9-THC (the major intoxicating component of the cannabis plant) from a test subject's saliva. Testing has commenced to validate the SpinDx technology against the definitive standard liquid chromatography-mass spectroscopy (LCMS) measurement utilizing human samples.The LCMS data are validating the SpinDx test results on real-world human saliva tests at a limit of detection of approximately 10 ng/ml. Work continues to improve the robustness and convenience of operation. Following the release of the SpinDx saliva testing system, which is expected this year and is projected to result in commercialization in 2024, development will accelerate on combining our LX9 breathalyzer with the THC SpinDx detection unit with their coupling to be our marijuana breathalyzer system.
We need to see some progress being made with this report.
Would it be fair to assume that the SpinDx device is completed if they are hiring for a research technician to "validate tests for this exciting new technology in preparation for commercial launch."
Or am I just wishful thinking?
One step closer:
https://www.indeed.com/viewjob?jk=6096bba57bffb1a3
`Lifeloc Technologies, a leader in commercial and professional breathalyzer testing technology, is looking to hire a Research Technician to support research, development, and commercialization of its latest product for detection of controlled substances. This position will support research to develop and validate tests for this exciting new technology in preparation for commercial launch.
Specifically, the Laboratory Technician will be expected to aid in the development and testing of antibody-based reagents and equipment, establish tests with the project manager for validation of the device, and then assist company personnel with scale-up processes for manufacturing and reagent packaging for final commercialization.
I am on board with the idea of an annual shareholders meeting conference call livestream where they also demonstrate the SpixDx technology but I wouldn't hold my breath on that one. These guys don't seem to want to go out of their way for anything.
I get frustrated because on a daily basis we see the stock market hitting new highs and Lifeloc just continues to trade near lows. Any investment over the last couple years would have done better than this one. I don't want to sit here and read another earnings report that tells us "ready by the end of this year". I want to see someone who can get in there who has the determination and drive to finish this thing up.
I love the idea of attending the annual shareholders meeting. I wonder if they could give us a tour of the facility and show us where the magic happens with the SpinDx machine and truly find out how far along they are with this device. I want to see what management does on a daily basis and be able to experience first hand what happens in that facility.
I don't think they have ever had a shareholder show up to the annual meeting so I bet they would be shocked if a couple of us actually showed up.
Would anyone else from this message board be willing to make a trip to Wheat Ridge, Colorado this spring?
The former CEO, Barry Knott at least put out PR’s and updated shareholders with news releases. He seemed to at least care about being a public company.
These guys show no interest in anything. There’s no interest from new shareholders here because there’s no interest from anyone from Lifeloc.
We need to get people excited about what's to come from this company. Obviously we are getting no help from the owners and management of Lifeloc.
I have sent a couple emails to the CEO Dr. Wilkomm with no response.
No one wants to hear about another we will have our shit together "by the end of this year" statement.
We have a total of 6,500 shares traded since the beginning of this year. No one cares.
It has been 10 years since the state of Colorado had given Lifeloc a grant. "The grant, which requires matching funds from the company, will allow Lifeloc Technologies to speed development of a tool that will be marketed to law enforcement, corrections, schools and workplaces."
Can't we please just get someone with the right mindset and determination to come in here and figure this thing out.
I battle with the idea of making a due diligence Wall Street bets Reddit post or something along those lines to get more people interested in this company. We should concentrate on that after we see something substantial that investors can get excited about to keep up the momentum.
We know that it only takes 1 right person with a float this small to get it moving.
Right now, Lifeloc is capturing less than 1% of the total $1.8 Billion breath analyzer market. I still think there’s a possibility of Lifeloc having a record earnings year and doing $10 million in revenue. But even that still leaves a ton of room for growth.
If we can start trading above the resistance at $4 and get something substantial to from Lifeloc to work off of, we could definitely be in a sweet spot over the near term.
$4.00/share is a very key level for next week. Not much resistance above that. If we can get some volume, I think we have a shot at some new yearly highs. If we can couple that with some news, that would be perfect. It feels like it’s small cap season out there and I’d love for Lifeloc to participate.
You might be correct on that but it’s also going to depend on current demand and shares available for sale. Let’s just say Lifeloc was announced another grant by the state of Colorado to get them across the finish line, if supply (stock for sale) is limited I think we could get an explosive move upward and it wouldn’t take a lot. One high net worth individual could have this thing trading above $10 in a couple minutes.
HOLO is an example of a low float name that was less than $2.00 about a week ago. Today, it almost hit $100/share. According to Yahoo Finance, It's float is around 950,000 shares, is 70% owned by insiders and went from a market cap of about a $12 million to almost a $600,000,000 market cap in about a week. It's certainly possible.
On a daily basis, we see $1 and $2 stocks exploding and trading hundreds of percent higher. It feels like the time is right for low float small cap stocks with a catalyst or good news story to see a ton of upside potential. A $2.00 can go to $10 overnight. It's happening on a daily basis. It's go time Lifeloc. Let's see some magic.
I totally agree that timing is perfect and could not be any better. What I don't want to hear from them is another year of "commercialization by year's end" and no updates throughout the year. I still think they could have done a better job with this device. A working prototype was given to them 8 years ago! That's 2,920 days. Hounds Labs got a working device done in less time and are currently being rewarding for it with millions in revenue and a valuation close to half a billion dollars.
As far as an equity raise, I'm all for it. However, it would make more sense to me if they announced it when stock prices are higher. Big difference between issuing stock at a price of $2 vs. at a price of let's say $6. It would be worth their efforts to increase the stock price first whether through a series of PR's or just buying stock on the open market. They could move this stock higher with a couple thousand bucks and get rewarded with a couple extra million in financing when the time comes.
Love to see this thing bust its way through $4.00 resistance level and see what we can do.
The push towards oral drug testing is all well and good but where is the sense of urgency from Lifeloc?
They were given a prototype from Sandia National Laboratories almost 8 years ago:
https://www.sandia.gov/partnerships_reach/#!/stories?category=1&id=130&page=1
They didn't have to start this process from scratch. They were given a prototype that probably took years to develop. I feel like you and I could have developed this thing quicker than Lifeloc. I have to go back to the fact that when you are sitting on a potential multi-billion dollar opportunity like this, you do whatever it takes to make it happen. Work on weekends, spend the money on R & D, find the best minds in the workforce to get it done. I just don't see any of that with Lifeloc. Hopefully we see things change soon!
Anyone have any idea where the volume came from today? I can account for 100 shares but that’s it.
It’s nice to see it break out of the $2 range it’s been in for over a year but can we sustain this or do we go right back down tomorrow? $4 is a huge resistance level to get through but hey - it has to start somewhere.
Let’s be thankful for this upward momentum.
Maybe one day we will see Lifeloc have a similar chart to HOLO. We deserve that for being so patient.
Essentially, Hound Labs is replicating the same thing that Lifeloc is trying to do and that company is valued anywhere from 50 to 200 times that of Lifeloc.
I just want to see some changes being made. Hit us with some updates and fire up social media outlets. Something needs to change here. The overall market continues to hit new highs and Lifeloc continues to trade near all time lows. This is absurd.
Wouldn't it be nice to also find a video where the police force is using Lifeloc's SpinDx device to test for drugs of abuse. We are working on 8 months now with no updates or any indication of progress being made. No volume in the stock tells me no one is interested anymore. People have lost hope.
Don’t you just feel like they could be doing more with the resources they have? The lack of urgency is concerning.
Market sits at all time highs across the board and Lifeloc once again trades near/at all time lows. Market cap is again less than $5 million.
We need something to change here. We have heard nothing since the annual conference call 7 months ago. For 3 years we have gotten excited and once again nothing. How is everyone not just tired of this.
We need to get someone in there who can make moves in a positive direction and not just talk a good game.