LogicMark(LGMK)

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LogicMark(LGMK) - 2019 Q3 - Quarterly Report
2019-11-14 22:08
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: September 30, 2019 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: 000-54960 Delaware 46-0678374 (State or other jurisdiction of incorporation or organization) (I. ...
LogicMark(LGMK) - 2019 Q2 - Earnings Call Transcript
2019-08-26 18:24
Nxt-ID, Inc. (NXTD) Q2 2019 Results Conference Call August 21, 2019 4:10 PM ET Company Participants Gino Pereira - Chief Executive Officer Vin Miceli - Chief Financial Officer Mike Orlando - Chief Operating Officer and President of Fit Pay Kevin O'Connor - President of LogicMark Conference Call Participants Brian Kinstlinger - Alliance Kris Tuttle - SoundView Operator Good day, ladies and gentlemen, and welcome to the webcast to discuss the results for six and three months ended June 30 and to provide a gen ...
LogicMark(LGMK) - 2019 Q2 - Quarterly Report
2019-08-19 21:23
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: June 30, 2019 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: 000-54960 Delaware 46-0678374 (State or other jurisdiction of incorporation or organization) (I.R.S. ...
LogicMark(LGMK) - 2019 Q1 - Earnings Call Transcript
2019-05-17 00:39
Nxt-ID, Inc. (NXTD) Q1 2019 Results Conference Call May 16, 2019 4:30 PM ET Company Participants Gino Pereira - Chief Executive Officer Vin Miceli - Chief Financial Officer Stan Washington - Chief Revenue Officer and Head of our Health Care Division Mike Orlando - Chief Operating Officer and President of Fit Pay Conference Call Participants Brian Kinstlinger - Alliance Global Operator Hello, and welcome to the Nxt-ID Q1 Investors Update Conference Call. At this time, all participants are in a listen only mo ...
LogicMark(LGMK) - 2019 Q1 - Quarterly Report
2019-05-15 20:59
Financial Performance - Revenue for the three months ended March 31, 2019, was $4,181,710, a decrease of 3.6% from $4,336,515 in the same period of 2018[97] - Gross profit for the three months ended March 31, 2019, was $3,162,076, an increase of 1.1% from $3,129,168 in the same period of 2018[98] - Operating profit for the three months ended March 31, 2019, was $507,651, compared to an operating profit of $194,483 for the same period in 2018, reflecting a significant improvement[101] - Net loss from continuing operations for the three months ended March 31, 2019, was $292,973, a reduction from a net loss of $676,855 in the same period of 2018[102] - As of March 31, 2019, the Company generated operating income of $507,651 but incurred a net loss of $292,973 from continuing operations[108] Cash and Equity Position - Cash provided by operating activities for the three months ended March 31, 2019, totaled $765,858, compared to a net cash used of $65,450 in the same period of 2018[105] - As of March 31, 2019, the company had cash of $1,227,803 and stockholders' equity of $14,827,899, with a working capital deficiency of $1,736,869[104] - The Company had a working capital deficiency of $1,736,869 and stockholders' equity of $14,827,899 as of March 31, 2019[108] - Cash position as of March 31, 2019, was $1,227,803[109] - The Company anticipates sufficient capital to sustain operations over the next twelve months, but may need to raise additional funds through equity offerings or debt financings[110] - There is no assurance that cash raised after March 31, 2019, will be sufficient to execute the business plan or meet obligations[111] Business Strategy and Market Trends - Fit Pay's technology enables contactless payment capabilities and has expanded its network to over 280 issuing banks in 34 countries, significantly increasing revenue opportunities[90] - LogicMark's healthcare initiatives are driven by trends such as increased connectivity and the growth of TeleHealth, targeting an aging population and rising healthcare costs[85] - The company plans to expand LogicMark's business into other healthcare verticals and retail channels to meet the growing demand for connected healthcare solutions[85] - Fit Pay's initial consumer product, Flip™, allows Bitcoin holders to make contactless payments, representing a unique offering in an emerging market segment[92] Risk Management - Inflation has not significantly affected the business in the past three years, and the Company expects to maintain profit margins through efficiency improvements and cost reduction programs[112] - The Company does not have any off-balance sheet arrangements or undisclosed borrowings, minimizing exposure to financing and liquidity risks[113] - The Company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[116]
LogicMark(LGMK) - 2018 Q4 - Earnings Call Transcript
2019-04-04 23:42
Nxt-ID, Inc. (NXTD) Q4 2018 Results Conference Call April 4, 2019 4:10 PM ET Company Participants Gino Pereira - Chief Executive Officer Vin Miceli - Chief Financial Officer Stan Washington - Chief Revenue Officer and Head of our Health Care Division Mike Orlando - Chief Operating Officer and President of Fit Pay Conference Call Participants Michael Staiger - Odeon Capital Kris Tuttle - SoundView Operator Good day, ladies and gentlemen. And welcome to the Conference Call to discuss the Full Year Ending Dece ...
LogicMark(LGMK) - 2018 Q4 - Annual Report
2019-04-01 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 For the transition period from ___________ to ___________ Commission file number: 000-54960 Nxt-ID, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...