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LGMK

LogicMark, Inc.

LGMK

LogicMark, Inc. • NASDAQ
$1.07 ▲ 1.52% (+0.02)
Market Cap $614.34 M
52w High $1650.00
52w Low $0.65
Dividend Yield 0%
P/E -0.08
Volume 357
Outstanding Shares 576.31M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.915M ▲ $2.697M ▼ $-1.701M ▲ -58.335% ▲ $-2.21 ▼ $-1.121M ▲
Q2-2025 $2.853M ▲ $4.06M ▲ $-2.053M ▲ -71.943% ▲ $-0.004 ▲ $-1.638M ▲
Q1-2025 $2.592M ▲ $4.009M ▲ $-2.191M ▲ -84.535% ▲ $-0.12 ▲ $-1.865M ▼
Q4-2024 $2.249M ▼ $3.687M ▲ $-3.702M ▼ -164.573% ▼ $-5.83 ▼ $-1.711M ▼
Q3-2024 $2.705M $3.401M $-1.519M -56.138% $-5.25 $-1.197M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $11.686M ▼ $22.373M ▼ $2.732M ▲ $19.642M ▼
Q2-2025 $12.98M ▼ $23.452M ▼ $2.249M ▲ $21.203M ▼
Q1-2025 $14.989M ▲ $25.217M ▲ $2.203M ▲ $23.014M ▲
Q4-2024 $3.807M ▼ $14.221M ▼ $2.029M ▲ $12.193M ▼
Q3-2024 $5.586M $16.042M $1.881M $14.162M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-5.648M ▼ $-759.402K ▲ $-4.711K ▲ $-132.29K ▲ $-896.403K ▲ $-759.402K ▲
Q2-2025 $-2.053M ▲ $-1.009M ▲ $-2.441M ▲ $-526.418K ▼ $-3.976M ▼ $-1.497M ▲
Q1-2025 $-2.191M ▲ $-1.652M ▼ $-6.168M ▼ $13.003M ▲ $5.183M ▲ $-1.652M ▼
Q4-2024 $-3.702M ▼ $-993.197K ▼ $-411.197K ▲ $-374.526K ▼ $-1.779M ▼ $-1.404M ▼
Q3-2024 $-1.519M $-642.965K $-482.531K $3.752M $2.626M $-1.125M

Revenue by Products

Product Q3-2023
Shipping and Handling
Shipping and Handling
 $0 ▲

Five-Year Company Overview

Income Statement

Income Statement LogicMark’s income statement points to a very small business that is still loss‑making. Revenue has been roughly flat at a low level for several years, and the company has not yet shown a clear growth ramp to match its strategic pivot. Gross profit exists, which means products are sold above direct cost, but operating expenses (such as R&D, sales, and corporate costs) are high relative to the company’s size. As a result, operating income and net income have been consistently negative. Per‑share figures look especially weak, partly because repeated reverse stock splits magnify losses per share. Overall, the income statement tells a story of a company still investing and repositioning, but without a proven path to scale or profitability yet.

Balance Sheet

Balance Sheet The balance sheet is small and fairly simple. Total assets and equity are modest and have trended down over time, reflecting ongoing losses and the company’s limited scale. Cash levels have moved around but are not large, meaning there is not a deep financial cushion to absorb prolonged setbacks. On the positive side, there is little to no financial debt, so the company is not burdened by interest payments or looming loan maturities. The main balance‑sheet risk is less about leverage and more about the company’s small size and limited resources relative to its ambitions and the competitive landscape.

Cash Flow

Cash Flow Cash flow from operations has hovered around break‑even to slightly negative, which means the core business is not yet generating a steady surplus of cash. Free cash flow has also been negative in most years, although actual capital spending appears modest; the drag mostly comes from operating losses and working capital needs rather than large physical investments. In practical terms, the business has not been self‑funding and has likely relied on external capital in the past to support development and ongoing operations. Sustained improvement in cash flow will likely depend on successfully scaling the new platform and converting more of the business to recurring, higher‑margin revenue.

Competitive Edge

Competitive Edge LogicMark operates in the personal safety and connected care space, which is competitive and quickly evolving. Traditional medical alert providers, newer AI‑enabled health platforms, and large technology and consumer‑electronics companies all vie for similar customers. LogicMark’s edge comes from a few areas: its legacy presence in personal emergency response, long‑standing access to the U.S. Veterans Health Administration channel, and a shift toward a more holistic connected‑care ecosystem rather than just emergency buttons. However, the company is small relative to many competitors and must prove that its AI‑driven platform and Care Village ecosystem can stand out, scale up, and retain users in a crowded and well‑funded market.

Innovation and R&D

Innovation and R&D Innovation is the clear bright spot in LogicMark’s story. After years without major new technology, the company has been investing since around 2021 in an AI‑powered connected care platform that moves from reactive alerts to proactive, predictive care. The Care Village concept, multi‑sensor fall detection, AI‑driven risk prediction, caregiver video, medication reminders, and strong privacy and security focus together create a differentiated offering on paper. A growing patent portfolio around AI, sensor fusion, and data security helps support a potential moat. The main question is execution: turning promising R&D and patents into widely adopted products, stable subscriptions, and partnerships takes time, marketing strength, and operational discipline. There is clear innovation momentum, but commercial proof is still emerging.

Summary

LogicMark is in the middle of a strategic transformation: financially small and unprofitable today, but aiming to reinvent itself as an AI‑driven connected care and safety platform. The income statement shows persistent losses and no clear revenue breakout yet, while the balance sheet and cash flow statements reflect a thin resource base and dependence on external funding rather than internally generated cash. On the other hand, the company has minimal debt, an established niche in personal emergency response, and a meaningful relationship with the Veterans Health Administration, all of which provide a foundation to build on. Its most compelling attributes are in innovation—AI‑powered predictive care, a connected Care Village ecosystem, and a suite of differentiated devices and software. The core uncertainty is whether LogicMark can convert this innovation and strategic repositioning into sustainable scale and recurring, profitable revenue before its limited financial resources constrain its options.

NEWS

November 12, 2025 · 4:10 PM UTC

LogicMark, Inc. Announces Third Quarter 2025 Results

Read more

October 30, 2025 · 4:05 PM UTC

LogicMark, Inc. to Announce Third Quarter 2025 Financial Results on November 12, 2025

Read more