LogicMark, Inc. SEC 10-Q Report

LogicMark, Inc., a company specializing in personal emergency response systems (PERS) and other personal safety devices, has released its Form 10-Q report for the third quarter of 2025. The report highlights the company's financial performance and operational developments, reflecting its ongoing efforts to modernize remote monitoring and enhance personal safety. Financial Highlights Revenue: LogicMark, Inc. reported revenue of $2.9 million for the three months ended September 30, 2025, marking an 8% increase compared to the same period in 2024. For the nine months ended September 30, 2025, revenue reached $8.4 million, a 9% increase from the previous year.Gross Profit: The company achieved a gross profit of $1.9 million for the three months ended September 30, 2025, maintaining a profit margin of 66%, consistent with the prior year. For the nine months ended September 30, 2025, gross profit was $5.5 million, also with a 66% profit margin.Operating Loss: LogicMark, Inc. reported an operating loss of $(1.7) million for the three months ended September 30, 2025, compared to $(1.6) million in the same period in 2024. The operating loss for the nine months ended September 30, 2025, was $(6.2) million, compared to $(5.5) million in the same period in 2024.Net Loss: The net loss for the three months ended September 30, 2025, was $(1.6) million, compared to $(1.5) million in the same period in 2024. For the nine months ended September 30, 2025, the net loss was $(5.9) million, compared to $(5.3) million in the same period in 2024.Net Loss Attributable to Common Stockholders Per Share - Basic and Diluted: The net loss per share for the three months ended September 30, 2025, was $(2.21), a significant improvement from $(3,732.56) in the same period in 2024. For the nine months ended September 30, 2025, the net loss per share was $(11.98), compared to $(25,132.66) in the same period in 2024. Business Highlights Product Line Performance: The increase in revenue was driven by higher sales of the Freedom Alert Mini units, launched in 2024, and the recently upgraded Guardian Alert 911 Plus.Operational Focus: LogicMark, Inc. continues to focus on modernizing remote monitoring to help people stay safe and live independently longer. The company's PERS technologies and other personal safety devices are sold through various channels, including direct-to-consumer, eCommerce, and the United States Veterans Health Administration.Sales Channels: The company is shifting its sales strategy from business-to-consumer to business-to-business channels, impacting advertising costs and sales strategies.Personnel Changes: The increase in selling and marketing expenses was driven by the hiring of a new Senior Vice President of Sales and Vice President of Business Development, indicating a strategic focus on expanding sales capabilities.Research and Development: There was an increase in research and development costs, primarily driven by an increase in personnel wages, reflecting the company's commitment to innovation and product development.Future Outlook: LogicMark, Inc. believes it will have sufficient capital to sustain operations for at least twelve months from the date of the filing. The company has potential plans to raise additional funds through equity or debt offerings to accelerate its long-term strategic plan.SEC Filing: LogicMark, Inc. [ LGMK ] - 10-Q - Nov. 13, 2025