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Financial Results | LogicMark 2025 Q1 Revenue USD 2.59 Million Net Loss USD 2.19 Million
ByAinvest
Friday, May 16, 2025 12:00 am ET1min read
LogicMark(LGMK) posted the Q1 of its 2025 financial results on 5/15/2025, reporting total revenue of USD 2.59 million in the first quarter, down 0.74% from USD 2.61 million year over year, reporting net loss of USD 2.19 million in the first quarter, expanding 25.59% from USD -1.74 million year over year. The EPS is USD -0.12 in the frist quater, compare with USD -21.15 last period.
[Detailed Data]
| Million USD | Q1 2025 | Q4 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|---|
| Total Revenue | 2.59 | 2.25 | 2.71 | 2.25 |
| Cost of Sales | 0.95 | 0.76 | 0.90 | 0.76 |
| Gross Profit | 1.65 | 1.49 | 1.80 | 1.49 |
| Total Operating Expenses | 3.96 | 3.66 | 3.36 | 3.66 |
| Operating Income | -2.32 | -2.17 | -1.56 | -2.17 |
| Net Income | -2.19 | -3.70 | -1.52 | -3.70 |
| Net Income Attributable to Common Shareholders | -2.27 | -3.78 | -1.59 | -3.78 |
| EPS(USD) | -0.12 | -1.575 | -0.2 | -1.575 |
[Company Profile]
LogicMark, Inc. is a Delaware corporation formed on February 8, 2012. On June 1, 2023, the reincorporation was consummated in Nevada. The company provides personal emergency response systems (PERS), health communications devices and IoT technologies to create a connected care platform. The company's devices give people the ability to receive care at home and confidence to age in place. LogicMark revolutionized the PERS industry by incorporating two-way voice communication technology directly into its medical alert pendant and providing this life-saving technology at a price point that everyday consumers could afford. LogicMark's PERS technologies are sold through the United States Veterans Health Administration and dealers/distributors.
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