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EdgarHawk

KORNELSEN VERN D

Chief Financial Officer

Director Officer
2 filings analyzed · 1 company · Latest 2025-04-18

Companies

Company Buys Sells Direction
Lifeloc Technologies, Inc LCTC 2 0 Net buying

Activity

April 2025
medium
Buy
12,250 shares
$46,550
Significance 5/10

CFO KORNELSEN bought 12,250 shares of LCTC at $3.80 on 2025-02-28; stock now -44.4% from 52-week high.

CFO Vern D. Kornelsen purchased 12,250 shares at $3.80 on 2025-02-28, adding 0.6% to his holdings of 2.10M shares. The stock has declined -44.4% from its 52-week high of $5.58 and is trading -15.5% below its 30-day average, suggesting a purchase during a period of significant weakness. While Kornelsen's cross-ticker track record shows 100% win rate on 90-day returns (averaging +14.5%), his prior trade at LCTC on 2024-07-23 also posted +14.5% at 90 days, indicating timing discipline. However, the company's fundamentals are concerning: revenue of $2.1M in the latest quarter has contracted -8.5% year-over-year, and the firm remains unprofitable with net income of -$158.3K over its most recent full fiscal year. The purchase occurs against both depressed stock price action and deteriorating operating results.

July 2024
high
Buy
45,620 shares
$173,356
Significance 6/10

LCTC CFO buys 45,620 shares at $3.80; 3 other insiders bought in past 14 days

CFO Vern D. Kornelsen purchased 45,620 shares at $3.80 on 2024-07-23, increasing his holdings from 1,960,668 to 2,006,288 shares (+2.3%). This transaction occurs within a broader cluster pattern: 3 other insiders have also bought LCTC shares within the same 14-day window. The company shows mixed fundamentals—latest quarterly revenue is $2,153,443.00 with a net loss of $283,806.00, though annual revenue growth stands at +10.0%. The stock trades at $3.80, representing -11.6% from its 52-week high of $4.30. The convergence of multiple insider purchases at reduced valuations alongside positive annual revenue growth suggests potential alignment among the insider group, though the unprofitable quarterly result and modest market cap of $9,325,640.80 warrant scrutiny of underlying business trajectory.

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