LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

Let's look at some numbers based on the Alcohol Breathalyzer and Drug Testing Equipment Market:

The worldwide market estimated at around US$ 7.3 Billion during 2017 that is likely to grow approximately US$ 13.4 Billion towards the end of 2026.

Lifeloc has revenues of approx. $8 Million/year. The worldwide market for Alcohol Breathalyzer and Drug Testing Equipment according to the latest research report is approx. $7 Billion. Lifeloc is capturing .001% of this market. To capture just 1% would lead to revenues of approx. $70 Million. I believe this is possible for Lifeloc to do in the coming years and it's great to see that they are hiring for multiple positions.