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Sunday, February 05, 2023 9:48:57 AM
This tells me a couple of things.
1. The product is still not ready for sale.
2. It does sound like they do have a viable product, and they just need to certify the accuracy and reliability of the product.
This, as well as packaging, are the final steps of any new product release. This can still take months to complete.
What is currently unclear, is if the product they still need to validate is the SpinDx Roadside Reader - which was supposed to be completed, and creating revenue by the end of 2022, or is the new hire needed to validate and certify the actual marijuana breathalyzer - which incorporates the SpinDx technology into Lifeloc's LX9 Breathalyzer unit?
Either way, there is a shimmer of light at the end of the tunnel. Maybe we will know more in a couple of weeks, when Lifeloc files their Quarterly, and year end reports.
Recent LCTC News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 03:58:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 10:37:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/25/2024 10:35:40 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 07:22:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 09:30:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:30:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:15:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:14:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:46:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 02:57:07 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 10/23/2023 02:57:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/19/2023 09:11:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2023 09:26:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2023 08:21:40 PM
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