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Lifeloc Technologies Inc   (LCTC)
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Description of Lifeloc Technologies Inc's Business Segments


Lifeloc Technologies Inc. is a company primarily engaged in developing and manufacturing specialized breath alcohol testing equipment and tools. Their focus is on providing high-quality products and services that cater to various sectors, including law enforcement, transportation, employers, and healthcare.

Segments

1. Law Enforcement: This segment includes products designed for police departments and other law enforcement agencies. The focus here is on ensuring public safety through accurate and reliable alcohol testing methods. Officers can perform roadside tests to effectively identify intoxicated drivers.

2. Workplace Testing: This category serves businesses implementing alcohol testing programs to promote a safe work environment. Lifeloc's devices help organizations comply with regulations and company policies regarding substance use.

3. Transportation: In this segment, Lifeloc provides solutions tailored for the transportation sector, including airlines, public transport, and commercial vehicle operators. These tools help ensure compliance with federal and state regulations concerning alcohol consumption among employees operating vehicles.

4. Healthcare and Rehabilitation: This segment includes applications for healthcare facilities and addiction treatment centers. Lifeloc's devices assist in monitoring individuals undergoing treatment for alcohol dependency, providing an additional layer of accountability and support.

Products

1. Breath Alcohol Analyzers: Lifeloc's primary products are breath alcohol testing devices that employ advanced fuel cell technology for accurate results. Various models are tailored for specific uses, from personal breathalyzers to professional-grade models for law enforcement and workplace testing.

- FC Series: A line of compact and portable breath alcohol testers that are easy to use and provide quick results. Suitable for both law enforcement and workplace applications.
- XL Series: A more robust series suitable for active duty law enforcement and heavy-duty workplace testing. These devices often include features like a built-in printer for immediate results documentation.

2. Data Management Software: Lifeloc also offers software solutions that allow organizations to manage testing protocols and reports efficiently. This software helps facilitate the integration of testing results into organizational workflows and ensures compliance with various regulatory requirements.

3. Calibration Services: Accurate testing requires regular calibration of breath alcohol analyzers. Lifeloc provides calibration services for their testing devices to maintain optimal performance and reliability.

4. Training and Support: Lifeloc offers training programs for law enforcement and corporate clients, equipping personnel with the knowledge and skills required to effectively use their alcohol testing devices. Ongoing technical support is available as well.

Services

1. Custom Solutions: Recognizing that different sectors have unique requirements, Lifeloc offers customizable solutions to meet specific client needs. This could involve developing tailored reporting formats, integration with existing systems, or specific testing protocols.

2. Technical Support and Training: Beyond initial training, Lifeloc provides ongoing support to ensure that customers effectively use their products. This can include troubleshooting, best practices for testing, and ensuring devices are properly maintained.

3. Compliance Assistance: For companies that need to adhere to industry regulations regarding alcohol testing, Lifeloc offers consulting services to set up programs that meet legal and organizational standards.

4. Replacement Parts and Accessories: Lifeloc supplies a range of optional accessories for their testing equipment, including mouthpieces and carrying cases, as well as replacement parts to ensure the longevity and effectiveness of the devices.

In summary, Lifeloc Technologies Inc. provides a comprehensive suite of products and services centered on breath alcohol testing. From law enforcement to workplace compliance, their offerings are designed to promote safety and accountability across various functions and industries.

 

Composition of Lifeloc Technologies Inc Revenues by Segments

 
Product Sales    99.12 % of total Revenue
Royalties    0.51 % of total Revenue
Products Subtotal    99.63 % of total Revenue
Rentals    0.37 % of total Revenue

Q1 three months ended (Mar 31 2024)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Total 2.15 100 %
Product Sales 2.13 99.12 %
Royalties 0.01 0.51 %
Products Subtotal 2.15 99.63 %
Rentals 0.01 0.37 %




Q1 three months ended (Mar 31 2024)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Total -0.51 % -1.63 %
Product Sales 0.05 % -
Royalties 33.27 % -
Products Subtotal 0.18 % -
Rentals -64.88 % -




Q1 three months ended (Mar 31 2024)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total -0.28 -
Product Sales 0.82 38.39 %
Royalties 0.01 100 %
Products Subtotal 0.83 38.7 %
Rentals 0.01 62.13 %




Q1 three months ended (Mar 31 2024)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total - -
Product Sales -9.91 % -
Royalties 33.27 % -
Products Subtotal -9.52 % -
Rentals -71.75 % -




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