LogicMark(US:LGMK)2025-11-13 20:05Revenue and Profit - Revenue for the three months ended September 30, 2025, was $2,915,081, an 8% increase compared to $2,705,461 for the same period in 2024[128][129] - Gross profit for the nine months ended September 30, 2025, was $5,491,594, compared to $5,123,795 for the same period in 2024, maintaining a gross profit margin of 67%[128][130] Operating Expenses and Losses - Operating expenses for the nine months ended September 30, 2025, totaled $11,721,704, an increase from $10,599,924 in 2024[131] - The company generated an operating loss of $6.2 million and a net loss of $5.9 million for the nine months ended September 30, 2025[139] Cash and Investments - Cash and cash equivalents as of September 30, 2025, were $4.1 million, with an additional $7.6 million invested in government securities[139] - The company received gross proceeds of $14.4 million from the issuance of common stock and warrants during the nine months ended September 30, 2025[139][143] Cost Increases - Direct operating costs increased by $53.8 thousand for the nine months ended September 30, 2025, primarily due to higher personnel wages[132] - Research and development costs rose by $50.9 thousand for the nine months ended September 30, 2025, driven by increased personnel wages[135] Corporate Actions and Outlook - The company executed a 1-for-750 reverse stock split on October 28, 2025[126] - The company believes it has sufficient capital to sustain operations for at least twelve months from the date of filing its condensed financial statements[140]