LogicMark, Inc. Announces Third Quarter 2025 Results

Core Insights - LogicMark, Inc. reported an 8% year-over-year revenue increase for Q3 2025, reaching $2.9 million, driven by strong sales of its Freedom Alert Mini units and the upgraded Guardian Alert 911 Plus [6][11] - The company maintained a gross margin of 66%, consistent with previous periods, indicating stable profitability despite increased operating expenses [7][11] - LogicMark's net loss for the quarter was $1.7 million, slightly higher than the previous year, with a loss per share of $2.21, reflecting a reverse stock split completed in October 2025 [9][21] Financial Performance - Revenue for Q3 2025 was $2.9 million, up from $2.7 million in Q3 2024, marking a consistent growth trend over five of the last six quarters [6][11] - Gross profit increased to $1.9 million from $1.8 million year-over-year, maintaining a strong gross margin of 66% [7][11] - Total operating expenses rose to $3.7 million from $3.4 million in the same quarter last year, attributed to hiring additional sales personnel [8][11] Operational Highlights - The company has integrated new features such as Medication Reminders and Proactive Activity Metrics into its products, enhancing its AI strategy for proactive health monitoring [4][11] - LogicMark's focus on business-to-business channels and reseller momentum has contributed to its sales growth [3][11] - The company reported cash and investments totaling $11.7 million with no long-term debt as of September 30, 2025, indicating a solid financial position [10][11] Strategic Direction - LogicMark's product roadmap is guided by principles of safety, simplicity, and real-time visibility, particularly for seniors and caregivers [5][11] - The company is committed to serving U.S. veterans through its VA channels, reinforcing its dedication to this demographic [5][11]