LOUISVILLE, Ky, June 17, 2025 (GLOBE NEWSWIRE) -- LogicMark, Inc. (the "Company"), a provider of personal emergency response systems (PERS), health communication devices, and technology for the growing safety and care economy, announced the appointment of Jeffrey Durkin, as Senior Vice President of Sales effective June 23, 2025. Mr. Durkin previously held sales and marketing roles with InfoMC, Casenet, InstaMed, HMS, and Allscripts. He holds a Master of Business Administration from Anna Maria College and a ...

LOUISVILLE, Ky., June 02, 2025 (GLOBE NEWSWIRE) -- LogicMark, Inc. (the “Company”), a provider of personal emergency response systems (“PERS”), health communication devices, and technology for the growing care economy, today announced that it expects that its common stock will begin trading on the over-the-counter markets (“OTC Markets”), effective today. The move to OTC Markets follows Nasdaq’s decision to delist the Company’s common stock at the opening of trading today, due solely to the Company’s non-co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36616 LogicMark, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

LOUISVILLE, Ky., April 28, 2025 (GLOBE NEWSWIRE) -- LogicMark, Inc. (Nasdaq: LGMK) (the "Company"), a provider of personal emergency response systems (PERS), health communication devices, and technology for the growing care economy, today announced changes to its Board committee assignments. The LogicMark Board of Directors maintains an Audit Committee, a Compensation Committee, and a Nominating and Corporate Governance Committee. The Board comprises four independent non-executive directors who serve on the ...

LogicMark, Inc. (Nasdaq: LGMK) is on a mission to let people of all ages lead a life with dignity, independence, and the joy of possibility. The company provides personal safety devices, personal emergency response systems (PERS), software apps, health communications devices, services, and technologies to create a Connected Care Platform. Made up of a team of leading technologists with a deep understanding of IoT, AI, and machine learning and a passionate focus on understanding consumer needs, LogicMark is ...

Financial Performance - For the fiscal year ended December 31, 2024, revenue was $9,901,987, a decrease of $27,642 or 0% compared to $9,929,629 in 2023[152]. - Gross profit for the year ended December 31, 2024, was $6,615,993, maintaining a gross profit margin of 67%, unchanged from 2023[153]. - For the fiscal year ended December 31, 2024, the company recorded an operating loss of $7.7 million and a net loss of $9.0 million, with cash and cash equivalents of $3.8 million as of the same date[169]. - The company generated $0.2 million of interest income from cash balances in both 2023 and 2024, while total other expenses increased significantly from $246,138 in 2023 to $(1,483,732) in 2024, reflecting a $1,729,870 change[165][167]. - The company had working capital of $3.3 million as of December 31, 2024, down from $6.0 million in 2023[169]. - Cash used in operating activities remained constant at $4.3 million for both fiscal years 2023 and 2024[171]. Operating Expenses - Total operating expenses decreased by $7,701,405 to $14,286,724 for the year ended December 31, 2024, compared to $21,988,129 in 2023[154]. - Direct operating costs increased by $196,162 or 17% to $1,338,758, primarily due to higher salaries and related expenses[156]. - Advertising costs surged by $287,074 or 106% to $557,783, driven by continued social media and web-based advertising efforts[157]. - Research and development expenses decreased by $424,063 or 43% to $558,621, reflecting reduced product development costs[159]. Capital and Financing - The company raised approximately $14.4 million in gross proceeds from a public offering on February 18, 2025[141]. - Gross proceeds from the issuance of common stock and warrants were $4.6 million in 2024, down from $5.2 million in 2023[173][174]. - The company expects to have sufficient capital to sustain operations for the next year following a February offering that generated $14.4 million in gross proceeds[170]. Stock and Compliance - As of March 27, 2025, holders of Series D Warrants exercised a portion of such warrants for an aggregate of 33,435,000 shares of Common Stock[144]. - The company received a notification from Nasdaq regarding non-compliance with the Minimum Bid Price Requirement due to a closing bid price below $1.00 per share[143]. - The company executed a 1-for-25 reverse stock split on November 18, 2024, consolidating every 25 shares into 1 share[146]. Strategic Focus and Challenges - The company is focused on expanding into the broader Care Economy and has invested in new verticals in consumer, pro-care/healthcare, and corporate benefits lines of business[176]. - The company has faced challenges due to the transition from 3G to 4G PERS units, impacting revenue growth[176]. - Inflationary trends may increase costs in fiscal year 2025, but the company has maintained profit margins through improved supply chain management and cost reduction programs[177]. Investment in Development - The company invested $1.4 million in product and software development in 2024, compared to $1.3 million in 2023[172].

Public Offering - LogicMark, Inc. announced a public offering consisting of 2,260,000 units and 22,146,750 pre-funded units, with gross proceeds expected to be approximately $14.4 million before fees and expenses [2][4] - Each unit is priced at $0.59 per share, with Series C warrants exercisable at $0.59 and Series D warrants at $0.885, subject to stockholder approval [3][4] - The net proceeds will be used for sales and marketing support, working capital, and general corporate purposes [2] Special Meeting of Stockholders - A Special Meeting of Stockholders is scheduled for March 24, 2025, to seek approval for a reverse stock split, issuance of 20% or more of shares in connection with the offering, and increasing the number of authorized shares [8] - Stockholders of record as of February 18, 2025, will be entitled to vote at the meeting [8] Company Overview - LogicMark, Inc. provides personal emergency response systems and health communication devices, focusing on the care economy [10][11] - The company aims to create a "Care Village" with proprietary technology and innovative solutions, leveraging IoT, AI, and machine learning [11]

Core Viewpoint - LogicMark, Inc. has announced a public offering of units and a special stockholder meeting scheduled for March 24, 2025, to seek approvals for various corporate actions [1][8]. Public Offering - The public offering consists of 2,260,000 units and 22,146,750 pre-funded units, with gross proceeds expected to be approximately $14.4 million before fees and expenses [2]. - Each unit is priced at $0.59 per share, and includes Series C and Series D warrants, which are exercisable upon stockholder approval [3]. - The offering is expected to close on February 18, 2025, subject to customary closing conditions [4]. Use of Proceeds - The net proceeds from the offering will be used for sales and marketing support of existing and new products, working capital, and general corporate purposes [2]. Special Meeting of Stockholders - The special meeting will address the approval of a reverse stock split, issuance of 20% or more of common stock in connection with the offering, and increasing the number of authorized shares [8]. - Stockholders of record as of February 18, 2025, will be entitled to vote at the meeting [8]. Regulatory Filings - The offering is conducted under the Company's registration statement on Form S-1, which was declared effective by the SEC on February 14, 2025 [5]. - A final prospectus will be filed with the SEC and will be available on their website [5][6]. Company Overview - LogicMark, Inc. provides personal emergency response systems and health communication devices, focusing on creating a Connected Care Platform [10][11]. - The company aims to enhance the quality of life for individuals through innovative technology solutions in the care economy [11].

Core Insights - LogicMark, Inc. has launched the next generation of its best-selling medical alert device, Guardian Alert 911 Plus, featuring enhanced fall detection and a modern design [1][2] - The company aims to expand its presence in the care economy by providing accessible and easy-to-use products for a broad range of consumers [2][5] Product Features - The Guardian Alert 911 Plus integrates 4G LTE technology, fall detection, and a smaller, more convenient form factor, allowing for direct communication with emergency services [3][4] - The device offers hands-free fall detection, ensuring that help is summoned even if the user is unable to press the button [6][10] - It eliminates recurring monthly subscription fees, making it more affordable for aging adults and those with medical conditions [5][10] Market Context - According to the CDC, one in four adults over 65 experiences falls each year, highlighting the necessity for fall detection in medical alert devices [4] - LogicMark's solution addresses a critical gap in the market by providing an innovative safety solution without the barriers of traditional subscription models [5][9] Company Mission - LogicMark is dedicated to enabling individuals of all ages to lead lives with dignity and independence through its Connected Care Platform [8] - The company is focused on building a 'Care Village' with proprietary technology to meet consumer needs in the care economy [9]

Core Insights - LogicMark, Inc. has announced an expansion of access to its Personal Emergency Response Systems (PERS) through the Medicaid Waiver program in several states, allowing eligible seniors to receive reimbursement for monthly monitoring fees [1][2][3] Group 1: Program Details - The new program will enable seniors in Colorado, Oregon, Idaho, Utah, Nevada, and South Dakota to receive full or partial reimbursement for leasing LogicMark's medical alert devices [1] - Eligible seniors can access LogicMark's devices without significant out-of-pocket costs, helping to alleviate financial barriers for fixed-income individuals [2] - The reimbursement process will vary by state and will cover devices such as the Freedom Alert Mini and Freedom Alert Max [2][4] Group 2: Company Mission and Vision - LogicMark aims to empower seniors to live independently and safely at home, enhancing their quality of life and supporting caregivers [3] - The company is focused on integrating its products into the Medicaid Waiver program as a major initiative for 2025, working closely with state and federal governments [3] Group 3: Device Features - The Freedom Alert Max, one of the devices included in the program, offers features like medication reminders, geofencing, and fall detection, along with 24/7 monitoring [5] - The Freedom Alert Mini allows direct communication with emergency services and includes patented fall detection technology [5] Group 4: Company Overview - LogicMark, Inc. is dedicated to providing personal safety devices and creating a Connected Care Platform, leveraging technologies such as IoT, AI, and machine learning [6] - The company's products are distributed through various channels, including the U.S. Veterans Health Administration and government contracts [6]