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Here's some interesting findings on Lifeloc's share structure and Insider ownership:
Current information has the following insider ownership:
Vern: 1,889,445 shares
Donald: 1,000 shares
Robert: 185,979 shares
Wayne: 51,200 shares
Michelle 5,000 shares
Michael 1,000 shares
Total insider ownership = 2,133,624 shares
Total shares outstanding = 2,454,116
Total available public float = 320,492 shares
Previous insider ownership from individuals who are no longer associated with Lifeloc:
Barry Knott: 64,125 shares
Mark A Lary: 50,000 shares
Alan Castrodale: 50,000 shares
Robert Summers: 11,500 shares
Gurumurthi Ravishankar: 10,000 shares
Kristie LaRose: 7,500 shares
Total shares owned by previous insiders = 193,125 shares
Current float of 320,492 minus the shares owned by previous insiders 193,125 = 127,367 shares
That means there is only 127,000 shares available to the public that are not owned by current or previous management. I do believe that previous CEO Barry Knott and some of the previous management may have sold some of their shares which would add to this number but it's still a very small number of shares currently available.
We gotta get this thing moving!
Hound Labs has revenue of $34.8 Million according to Growjo (https://growjo.com/company/Hound_Labs). That's just from October of last year when they first started selling their device. If they have the same results this year it would equate to about $140 million in revenue.
We also know that back in 2017, Hound Labs had an approx valuation of $31.5 Million (https://www.cbinsights.com/company/hound-labs/financials) and crunchbase as of Sept. 2021 has a post-money valuation in the range of $100-500 Million (https://www.crunchbase.com/organization/hound-labs/company_financials). I think it's fair to say that 2 years later it would be safe to value Hound Labs at $300 million.
If Lifeloc's SpinDx device can sell just a tenth of what Hound Labs device has done, I would expect at least $14 million to be added to Lifeloc's revenue and a valuation of $30 million. That's about 5 x from where we are today.
We have been more than patient with this company and it's time for us as long term investors to be rewarded. 2024 is your year Lifeloc. Let's see some magic happen!
I also noticed that Lifeloc is registered as an exhibitor and a sponsor at the 2024 IACT Annual Conference during April in San Diego (https://iactonline.org/Annual-Meeting) and will also be at the 2024 IACP during October in Boston (https://iacp2024.mapyourshow.com/8_0/exhview/?orsearchtype0=exhibitor&orsearchvalue0=1797173&orsearchdisplay0=Exhibitor&orsearchvaluedisplay0=Lifeloc%20Technologies&selectedBooth=2370)
The sector does seem to be in play again and BLOZF had a nice move recently.
Wayne even posted on Linkedin recently (https://www.linkedin.com/in/wayne-willkomm-980b4b5/) but there social media presence is just absolutely terrible.
Still wondering if Hound Labs decides to go public this year now that revenue is coming in. That's another possible catalyst for the group.
May 2024 be the year of great things at Lifeloc!
Today was the most volume we have seen in Lifeloc in over 4 months. January 4th last year saw volume of over 20,000 shares and an all time low of $1.35.
We really need to see some volume and a break of the $3.35 price level to get things moving.
Let's see if there's any repeat of last year
Last day for 2023 tax loss selling but does anyone know why in first 3 days of this year, LCTC traded 32,000 shares mostly on the sell side?
That's probably more shares traded in 3 days than we have done all year.
Does anyone remember news coming out or an article being published that would have caused this?
Here's to 2024 being a much better year for Lifeloc!
Dear Wayne, why not just take down the whole Lifeloc float in one shot and call it a day?
https://ih.advfn.com/stock-market/USOTC/lifeloc-technologies-pk-LCTC/stock-news/92851842/form-4-statement-of-changes-in-beneficial-owners
I was wondering if anyone from Lifeloc was going to buy any stock down here. This is the third year now we thought we were going to have some results from the SpinDx and marijuana breathalyzer and nothing.
Let's see if he is still in the market to buy while the stock in the low $2 range.
I still don't think anyone really cares about this stock or it's future and management has made it this way.
BLOZF market cap sits at $20 million. SOBR market cap is $8 million and Lifeloc is at $5.5 million.
I'm asking Santa this Christmas for a new management team at Lifeloc. Someone needs to come in a make this thing happen.
Last year around the middle of December, Lifeloc had a severe sell off (tax loss selling/harvesting) that cut it's value in half.
I'm wondering if we see anything similar towards the end of this year. I don't think there's too many shares in either direction right now so someone who wanted to either sell or buy a couple thousand shares is definitely going to move this stock.
Obviously it would be great to have some positive news towards year end but I'm not holding my breath. This is the third year as investors we were looking forward to seeing some news by the end of the year and nothing. I continue to think a new team running this ship would make all the difference.
According to Forbes, Hound Labs has an estimated $400 million valuation:
https://www.forbes.com/profile/mike-lynn/?sh=7ba7ea02396e
That puts Hounds Labs at about a 53x valuation to that of Lifeloc. I'd love to see what the team from Hound Labs would do if they were running Lifeloc.
Since Lifeloc's earnings report, it has traded a total of less than 100 shares - No one cares!
Lifeloc's Management has made it so that no one cares. And it would take a miracle to hear something from them before the end of the year. Feels like the same pattern just repeating itself.
I wish we could just get a team in there that is focused on getting things done and believes in communication with shareholders. The business has so much potential if it just could be executed properly.
Thanks for the insight. So help me to understand - does accumulated deficit ever have to get paid back? Who does is get paid back to? If the company does start to become profitable, do they start to pay it back? Can they be a profitable business if the accumulated deficit is still negative?
Thanks!
I find this amazing:
SOBR has an accumulated deficit of $85,224,294 and quarterly revenues of $36,274. That would take 586 years just to break even. They lose over $2 million each quarter and have diluted shareholders by over 5 million shares in the past year.
BLOZF has an accumulated deficit of over $32 million and has never had revenue or produced a sale of anything.
In what universe do either of these 2 companies have a market cap that's over twice that of Lifeloc who has never diluted shareholders, has the potential to have a $10 million year and has no accumulated deficit?
Astonishing to say the least.
If they can maintain quarterly revenues at this pace, Lifeloc could have a $10 million year which I believe would be a first for them as a company.
My concern is that we have another 5 months before we hear from them again. That cannot happen. We really need to get some updates from them in the form of PR’s and news releases before this year is over.
“We have committed additional personnel and new equipment resources to this effort, with the goal of placing beta test units in early 2024 with validation partners who have already been identified. We anticipate full commercialization to begin in 2024. Human trials have begun validating SpinDx detection of delta-9-THC at the detection limits of 10 ng/ml in real-world human samples. We intend to prioritize the acceleration of SpinDx even at the expense of short-term profitability, with research and development investments, including substantial validation testing, to be ongoing in 2023 and 2024.”
I do believe these are the highest quarterly revenue numbers we have seen in quite some time. Profit of $.04/share seems pretty good for this quarter.
Quarterly report is out:
“We are optimistic about the results of the work to date and expect market introduction later in 2023 with partners for field demonstration. The SpinDx™ platform has the potential to improve real-time screening for a panel of high-abuse drugs, with the ability to efficiently measure relatively low concentrations of drugs such as cocaine, heroin, methamphetamine, fentanyl and other high-abuse drugs.”
I came across some interesting information yesterday:
In 2021 LMG Holdings merged with and bought out SCRAM systems for a purchase price of $155 Million:
Alcohol Monitoring Systems, Inc. dba SCRAM Systems®, a leading provider of electronic monitoring and software solutions for the criminal justice industry merged with LMG Holdings, Inc., a leading provider of ignition interlock devices including the LifeSafer® Monitech®, QuickStart Ignition Interlock®, and Guardian Interlock® brands in the year 2021.
Through this merger, the combined company offers a full spectrum of alcohol-related and other monitoring solutions and services to court systems, law enforcement, community supervision programs, treatment facilities, and other partners in North America and internationally.
The joining of SCRAM Systems and LMG brings the most complete set of offender monitoring technologies that includes ignition interlock devices, continuous transdermal alcohol monitoring, remote breath/portable alcohol monitoring, GPS, standalone RF/house arrest technology, web-based reporting and communications tools, software solutions, and ISO-certified monitoring services and support.
Sounds a lot like what Lifeloc’s RADAR device was supposed to accomplish. $155 million is a really nice purchase price and shows me that buyers are out there for this type of technology.
I still believe that a proper management team at Lifeloc could have really made some magic happen. Just seems like the same old with the current management. For the love of Lifeloc - can we see some results please!
The SAPAA (Substance Abuse Program Administrators Association) worldwide conference just wrapped up and Exhibitors included Lifeloc, Hound Labs and some other big players including Quest Diagnostics and Abbott Labs.
https://www.sapaa.com/page/2023conference
I wonder if Lifeloc was able to make any good connections at this event.
It's time we break through this $3.35 level of resistance. We have been here since the beginning of September. That seems like enough consolidation. $3.65 is the 52 week high. Let's slice right through that also!
Timeline of events comparison for Lifeloc, Cannabix and Hound Labs:
October 13, 2016 - Lifeloc will acquire the exclusive rights to develop, manufacture and market Sandia’s patented SpinDx™ technology for the detection of drugs of abuse. So we know Lifeloc has been working on this device for exactly 7 years.
Cannabix was formed and incorporated in June of 2014 so they have been working on their device for about 9 years.
Hound Labs we know was founded by Dr. Mike Lynn in 2014 so also have about 9 years of work put into their device.
However, Lifeloc is the only company that has over 30 years experience in the industry and we know that Sandia had already developed a prototype of the SpinDx prior to Lifeloc acquiring the rights.
I think it's fair to say that all 3 companies have been working on their respective devices for about 10 years. Let's finally see this thing play out!
According to this video: (
‘Marijuana breathalyzer’ hopes to help workplace screening:
https://www.timesunion.com/capitol/article/biotech-company-unveils-marijuana-breathalyzer-18414791.php#photo-24320810
From the article we know that Hound Labs has "sent hundreds of products to employers nationwide"
We also know that the results are not even close to being instant:
"The employer then sends the cartridge to one of the company’s partner labs, which tests the sample and posts the results to its online portal. Employers can check the dashboard for the status of tests, with negative results coming back an average of 24 hours from the lab’s receipt. Positive results average closer to 36 hours due to a second round of “rigorous” testing to confirm the original positive finding."
I was under the impression that the Hound Labs breathalyzer would provide instant results within 5 or 10 minutes. This is clearly not the case. This device is also for employers only and not available to law enforcement.
Time to get it together Lifeloc! Law enforcement still needs a roadside drug testing solution.
Hound Labs Ships the First Commercial Cannabis Breathalyzer:
https://www.globenewswire.com/news-release/2023/10/10/2757428/0/en/Hound-Labs-Ships-the-First-Commercial-Cannabis-Breathalyzer.html
Matt Clark from Money & Markets put out a video 2 years ago on the topic of best stocks to take advantage of the drug testing market:
We could really use a breakout day on good volume that will get us through this $3.35 level of resistance. It's been over a year since LCTC has traded above that price level. If we can get through $3.35 with volume of over 1,000 - 2,000 shares, then we should see sustained higher prices. Until then, it's just a waiting game.
First day of the COPSWest Expo. It's probably a longshot but let's see if we can get any volume this week from presenting at the Expo.
What I find interesting in these recent articles is the failure to mention the Hound Labs device as a viable option for roadside drug testing:
“Identifying drivers impaired by cannabis use is of critical importance. . . . However, unlike alcohol, there are currently no evidence-based methods to detect cannabis-impaired driving,” health officials said in the pitch to research institutes."
As far as I know, the Hound Labs Device is ready for sale and producing reliable test results.
Now is the time for Lifeloc to start producing results. Go time, Lifeloc - Go time!
Interesting article released a couple days ago on the topic of the SpinDx machine:
https://www.sandia.gov/labnews/2023/09/21/magnetic-beads-key-to-better-handheld-lab/
"A new type of handheld testing device for biofluids developed at Sandia is now ready for commercialization."
Biotechnologists have developed a new way to use magnetics to expand upon the capabilities originally developed with the SpinDx handheld medical diagnostic tool and quickly diagnose even more diseases and illnesses.
Sandia is now seeking commercial partners to share the technology with.
The sector seems to be in play again today with "The revised Secure and Fair Enforcement Regulation (SAFER) Banking Act that’s due for a committee markup this Wednesday"
Also keep in mind that the CopsWest expo where Lifeloc is presenting is coming up in a few days.
Let's see some volume Lifeloc!
Excellent summary. Thanks!
I picked up some additional shares of BLOZF yesterday. I still think anything below $.20 on that one is a good pick up with the whole sector being in play for the near term future.
Schumer Aims To Bring Newly Revised Marijuana Banking Bill To The Floor ‘With All Due Speed’ After Next Week’s Committee Vote:
https://www.marijuanamoment.net/senators-are-reportedly-circulating-revised-marijuana-banking-bill-with-new-title-and-provisions-as-committee-prepares-to-vote-next-week/
"Schumer said in a statement shared with Marijuana Moment on Tuesday. “This legislation will improve public safety, protect small businesses, and finally achieve action on cannabis reform. I intend to bring this legislation to the floor with all due speed.”
I have to imagine that part of this newly revised Marijuana Banking Bill will focus on keeping the roads safe and improving public safety. To some degree this should benefit companies like Lifeloc.
We really could use a push to help us break through this resistance at this $3.35 and see if we can maintain some momentum higher.
We should see the sector in play tomorrow on this news:
https://www.nbcnews.com/politics/congress/marijuana-legalization-banking-federal-reform-congress-rcna104268
A bill that would let legal marijuana businesses get access to major financial and banking institutions is likely to have the votes to pass the Senate.
The Senate Banking, Housing, and Urban Affairs Committee is expected to hold a markup session for the bill, known as the SAFE Banking Act, the week of Sept. 25, three sources familiar with the talks said. The markup process, which allows senators to debate and consider amendments, is viewed as a key step in advancing the bill to the Senate floor.
“The emphasis needs to be on safety,” Sullivan said.
I'd love to see a 40%-50% move out of Lifeloc and play some catch up to the CGC's and ACB's and the rest of the sector.
Time for Lifeloc to get out of the $3.00's. There presentation at CopWest is less than 2 weeks away, BLOZF and the other stocks in the sector just showed that a 40% move is pretty easy when the group is in play, and we have a device that is now 5 months closer to the finish line that when we last heard from them on the annual conference call.
No other device can test for various drugs of abuse. If given the choice to purchase a product that can only test for marijuana and one that may cost more but can test for multiple drugs at one shot, wouldn't you prefer to go with the device that can give you results for all of them?
Ok. Obviously I understand that this is the Lifeloc board, but with the entire sector on fire, I'm going to pick up some BLOZF here. Absolutley love this risk/reward at current price levels. My risk is down to $0.17 (at worst $.15) but the upside with the momemtum of the entire sector is worth a shot at these levels.
If Hound Labs decides to go public with an IPO (the timing is right) we could get a nice added boost in anything related to a marijuana breathalyzer.
With the sector moving and currently in play it would be such a wonderful time for Lifeloc to put out a PR or news release with anything related to marijuana or cannabis. Strike this thing while the iron is hot and the industry is on fire.
Next level of resistance seems like its right around the $4 level.
I noticed that also. Do you personally think there’s any chance they are attending this expo so that they can introduce the SpixDx technology?
Check this out:
https://cpoa.org/cpoa-event/copswest/#/exhibitor-details/expo/
Lifeloc will be one of the exhibiting companies at this years CopsWest Expo described as the premier West Coast training & expo.
"Gain exposure to decision makers you won’t find anywhere else. Join us at COPSWEST, in Ontario, California, to develop new prospects, strengthen current relationships and tap into emerging markets."
This is pure speculation on my part and probably a long shot, but I have to wonder if Lifeloc will be presenting the SpinDx device and showcasing its technology at this Expo. We know that they normally do not attend expos or shows so I'm intrigued as to why they choose to be at this particular show.
I'll be picking up a couple more shares leading up to the show in hopes that they just just may decide to introduce the SpinDx at this expo. I have to believe it would garner a great deal of interest and gain us some needed exposure.
I don’t know if we will have to volume that can push us towards $5 this week. We may need to get some news to see that happen.
I think it’s a huge win that all the volume recently has been on the buy side.
We need to just take down the rest of the available float ourselves.
I agree. Knock on wood but it seems like the selling pressure that was constant for so long has finally subsided and shares have gone into stronger hands.
Let’s see what the rest of the week has in store for us.