Highlights from the Shareholder presentation:
1) Company revenue at $8.4 million
2) 17th consecutive profitable year
3) Major upgrade of information infrastructure
4) Product rollouts starting after heavy R&D investment
Lifeloc seeks to grow and exceed $100 million annual revenue - I do believe this is possible within the next 3-5 years. However, I need to see quarterly growth at 10% or more. Lifeloc is in a sector screaming with growth and I have yet to see it translate into earnings.
1) EasyCal® G2 now shipping to some jurisdictions
2) New breathalyzer models LX9 and LT7 in production
3) New platform includes Lifeloc assembled fuel cells with a purchased sensor
4) EasyCal® update is also part of the new platform
5) Marijuana breathalyzer and SpinDx™ platform advancing
SpinDx Development Status:
• SpinDx methodology determined to be the most sensitive and discriminating portable method
• Technology already licensed and commercialized for other fields of use
• Lifeloc has existing channel to both Law Enforcement and Workplace markets
Detection of very low levels of THC has been demonstrated at Lifeloc
utilizing SpinDx.
Marijuana Vapor Capture
• Demonstrate THC detection from marijuana smoke
– Strong signal collecting on optimized media
Lifeloc Growth Summary
Invest as needed in the core business investment continues, so that core will fund growth opportunities for years
Core growth expected as new platform opens market opportunities
Shift to recurring revenue business model: RADAR, data management
Marijuana breathalyzer is an enormous need with a potential solution in development, accelerate with freed resources
Investor Relations
Lifeloc seeks to develop an active following and market for our stock, to realize value and unlock liquidity for our patient, insightful shareholders
Presented company pitch MicroCap Investor Conferences
Developed an investor relations mailing list
Aspire to uplisting to NASDAQ
Ramp up profile through press releases, at a minimum quarterly earning releases and committed resources for social media
