LogicMark(US:LGMK)2025-11-13 21:20Financial Performance - Revenue for the third quarter of 2025 was $2.9 million, an increase of 8% compared to $2.7 million in the same period last year[7] - The company reported a net loss of $1.7 million for the third quarter, slightly up from the same period last year[11] - Revenues for Q3 2025 reached $2,915,081, an increase from $2,705,461 in Q3 2024, representing a growth of approximately 7.8%[21] - Operating Loss for Q3 2025 was $(1,736,364), compared to $(1,599,552) in Q3 2024, reflecting a decline in performance[21] - Net Loss Attributable to Common Stockholders for Q3 2025 was $(1,700,505), compared to $(1,593,805) in Q3 2024, showing a worsening of the loss[21] - Net Loss Attributable to Common Stockholders Per Share - Basic and Diluted for Q3 2025 was $(2.21), compared to $(3,732.56) in Q3 2024, showing an improvement in loss per share[21] Expenses and Costs - Total cash operating expenses increased by $0.2 million or 5% compared to the prior-year period, totaling $3.7 million[10] - Total Operating Expenses for the nine months ended September 30, 2025, were $11,721,704, up from $10,599,924 in 2024, marking an increase of approximately 10.6%[21] - Research and Development expenses increased to $161,441 in Q3 2025 from $96,650 in Q3 2024, representing a significant rise of approximately 67.0%[21] - Advertising Costs decreased to $71,427 in Q3 2025 from $114,795 in Q3 2024, reflecting a reduction of approximately 37.7%[21] Assets and Equity - Cash and investments amounted to $11.7 million as of September 30, 2025, with no long-term debt[12] - Total assets increased to $22.37 million as of September 30, 2025, compared to $14.22 million at the end of 2024[18] - Stockholders' equity rose to $17.83 million as of September 30, 2025, up from $10.39 million at the end of 2024[18] Product Development and Innovation - The Freedom Alert Mini units and the upgraded Guardian Alert 911 Plus contributed to revenue growth[8] - The company launched Medication Reminders and Activity Metrics features on the Freedom Alert Max, enhancing AI capabilities[7] - LogicMark is focused on expanding its business-to-business channels and enhancing its product offerings to support sustainable growth[4] Profitability Metrics - Gross margin remained strong at 66%, unchanged year-over-year and year-to-date[7] - 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, indicating a year-over-year increase of about 7.2%[21] - Interest Income for the nine months ended September 30, 2025, was $317,791, compared to $134,286 in 2024, indicating a substantial increase of about 136.5%[21] Shareholder Information - The weighted average number of common shares outstanding for Q3 2025 was 768,407, compared to 427 in Q3 2024, indicating a significant increase in shares[21]