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LogicMark, Inc. to Announce Third Quarter 2025 Financial Results on November 12, 2025
Globenewswire· 2025-10-30 20:05
Core Viewpoint - LogicMark, Inc. is set to release its financial results for Q3 2025 on November 12, 2025, with a live call hosted by the CEO and CFO to discuss the results [1]. Company Overview - LogicMark, Inc. focuses on providing personal safety and emergency response systems, health communication devices, and technology for the personal safety and care economy [3]. - The company aims to enable individuals of all ages to live with dignity and independence through its Connected Care Platform, which includes personal emergency response systems (PERS), health communication devices, and personal safety applications [3]. - LogicMark's technologies are distributed through various channels, including the U.S. Veterans Health Administration and direct-to-consumer sales, and the company has a contract with the U.S. General Services Administration for product distribution to government entities [3]. Upcoming Events - A live call and webcast will take place on November 12, 2025, at 1:30 PM (PDT) / 4:30 PM (EDT) to review the financial results [1][2]. - Interested analysts and investors can register for the live call through the provided link [2]. Investor Relations - For further inquiries, investors can contact LogicMark via email at investors@logicmark.com [5].
LogicMark, Inc. Reports Second Quarter 2025 Results Highlighted by 22% Sales Growth
Globenewswire· 2025-08-12 20:05
Core Insights - LogicMark, Inc. reported a significant revenue growth of 22% in Q2 2025, reaching $2.9 million compared to $2.3 million in the same period last year, driven by higher sales of new and upgraded products [6][10] - The company has enhanced its product offerings with advanced features such as AI-enabled fall detection, aiming to meet the growing demand for personal safety solutions [3][4] - LogicMark has strengthened its sales infrastructure and appointed a new Senior Vice President of Sales to expand its market reach, particularly in institutional and government channels [4][5] Financial Performance - Gross profit for Q2 2025 was $1.9 million, a 24% increase from $1.6 million in Q2 2024, with gross margin improving to 67.5% from 66.6% [7][10] - Total operating expenses rose to $4.1 million in Q2 2025, up 12% from $3.6 million in Q2 2024, primarily due to increased recruitment and consulting costs [8][10] - The net loss attributable to common shareholders remained at $2.1 million, with no loss or gain on a fully diluted per share basis, an improvement from a net loss per share of $24.12 in the same period last year [9][21] Cash Position and Investments - As of June 30, 2025, LogicMark reported cash and investments totaling $13.0 million, attributed to a successful capital raise earlier in the year, with no long-term debt [10][11] - The company completed a registered public offering resulting in gross proceeds of $14.4 million, enhancing its liquidity [11] Strategic Initiatives - LogicMark is focusing on scaling its go-to-market capabilities and revitalizing its reseller program to enhance partner support and customer reach [4][5] - The company aims to capture the expanding demand for personal safety and care technology solutions through its growing product and intellectual property portfolio [4]
LogicMark, Inc. Common Stock to Commence Trading on OTC Markets as the Company Continues Advancing Growth Initiatives
GlobeNewswire News Room· 2025-06-02 12:30
Core Viewpoint - LogicMark, Inc. has transitioned to trading on the OTC Markets following its delisting from Nasdaq due to non-compliance with the minimum bid price requirement of $1.00 [1][2] Group 1: Company Transition and Financial Position - The transition to OTC Markets allows LogicMark to maintain access to public capital while focusing on operational execution and long-term growth [2] - The company reported $15 million in cash and short-term investments at the end of the first quarter, which supports its strategic priorities [2] Group 2: Business Model and Offerings - LogicMark provides personal emergency response systems (PERS), health communication devices, and personal safety apps, aiming to create a Connected Care Platform [3][4] - The company is dedicated to building a 'Care Village' with proprietary technology and innovative solutions for the care economy [4] Group 3: Market Presence and Distribution - LogicMark's PERS technologies are sold through various channels, including the U.S. Veterans Health Administration and directly to consumers [4] - The company has secured a contract with the U.S. General Services Administration, enabling it to distribute products to federal, state, and local governments [4]