LogicMark Inc. reports third-quarter revenue up 8% to $2.9 million
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LogicMark Inc. reported a third-quarter revenue of $2.9 million, an 8% increase year-over-year. Gross profit remained at $1.9 million with a 66% gross margin. Operating expenses rose 5% to $3.7 million, leading to a net loss of $1.7 million, or $2.21 per share. Cash and investments stood at $11.7 million with no long-term debt. The company launched new features on Freedom Alert Max and expanded its business-to-business channels.
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