Product Sales & Supplies was Lifeloc Technologies’s largest product and service line in fiscal 2024, bringing in $7.74M of $8.54M (91%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Product Sales & Supplies | $6.21M | $7.63M | $8.36M | $7.74M | ||||
| Training, Certification & Data Recording | — | — | $785.21K | $651.43K | ||||
| Training Certification & Data Recording | $624.17K | $651.13K | — | — | ||||
| Royalties | $67.53K | $40.67K | $32.30K | $34.38K | ||||
| Service Plans & Equipment Rental | $63.47K | $66.62K | $83.95K | $81.82K | ||||
| Rental Income | $87.95K | $90.86K | $68.42K | $32.78K | ||||
| Total | $7.05M | $8.48M | $9.33M | $8.54M |
Lifeloc Technologies brought in $8.54M from its five product and service lines in fiscal 2024, the year ended December 31, 2024. That was down 8.5% from $9.33M in fiscal 2023. Product Sales & Supplies was the largest at $7.74M (90.6%), ahead of Training, Certification & Data Recording at $651.43K (7.6%) and Service Plans & Equipment Rental at $81.82K (1.0%). The other two lines brought in $67.16K combined.
Compared with fiscal 2023, Product Sales & Supplies fell 7.4% to $7.74M and Training, Certification & Data Recording fell 17.0% to $651.43K.
Lifeloc Technologies stopped reporting Training Certification & Data Recording as a separate line after fiscal 2022, when it brought in $651.13K.
Product Sales was Lifeloc Technologies’s largest segment in fiscal 2020, bringing in $6.12M of $6.36M (96%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Product Sales | $7.63M | $8.10M | $8.25M | $6.12M | |||
| Royalties | $289.59K | $247.77K | $411.11K | $148.40K | |||
| Rentals | $71.68K | $85.89K | $89.14K | $85.96K | |||
| Total | $7.99M | $8.44M | $8.75M | $6.36M |
Lifeloc Technologies brought in $6.36M from its three segments in fiscal 2020, the year ended December 31, 2020. That was down 27.4% from $8.75M in fiscal 2019. Product Sales was the largest at $6.12M (96.3%), ahead of Royalties at $148.40K (2.3%) and Rentals at $85.96K (1.4%).
Compared with fiscal 2019, Product Sales fell 25.8% to $6.12M and Royalties fell 63.9% to $148.40K. From fiscal 2017 to 2020, combined revenue from these segments fell from $7.99M to $6.36M, a compound annual decline of 7.3%. Product Sales' share of the total rose from 95.5% to 96.3%.
Lifeloc Technologies (LCTC) reports its revenue by product and service and by segment. In fiscal 2024, Product Sales & Supplies was its largest product and service line, bringing in $7.74M (90.6% of the total), followed by Training, Certification & Data Recording at $651.43K (7.6%).
Product Sales & Supplies was Lifeloc Technologies' largest product and service line in fiscal 2024, bringing in $7.74M, or 90.6% of the $8.54M total across its five product and service lines.
Product Sales was Lifeloc Technologies' largest segment in fiscal 2020, bringing in $6.12M, or 96.3% of the $6.36M total across its three segments.
Every figure comes from Lifeloc Technologies' annual financial filings, as reported. Each line keeps the name Lifeloc Technologies gives it, and years follow its fiscal calendar.
Lifeloc Technologies' revenue by product and service goes back to fiscal 2017, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.