LogicMark, Inc. (LGMK)
LogicMark, Inc. provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. [2, 16, 20, 23] It manufactures and distributes non-monitored and monitored personal emergency response systems, which are offered through healthcare durable medical equipment, monitored security dealers/distributors, and the United States Department of Veterans Affairs. [2, 23] The company's technology, including devices and a personal safety app, analyzes patterns to anticipate needs for its users. [16, 20] The company was formerly known as Nxt-ID, Inc. and changed its name to LogicMark, Inc. in March 2022. [20, 23]
Sector: Orthopedic, Prosthetic & Surgical Appliances & Supplies
Industry: Communication Equipment
LogicMark, Inc.
OTC:LGMKTechnology · Communication Equipment
Mkt Cap$1.17M
Float775K
O/S900K
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$11.43M
Net Income-$7.47M
Total Assets$20.31M
Free Cash Flow-$6.48M
Debt & Equity
Debt 2%
Equity 88%
Preferred 10%
Total Debt$332K
Total Equity$18.09M
Preferred Stock$2.13M
Shares Outstanding
Short Interest
Split History5 splits · 5 reverse
2-year cumulative
1:18,750Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:750Reverse splitOct 28, 2025750 shares → 1
- 1:25Reverse splitNov 19, 202425 shares → 1
- 1:20Reverse splitApr 24, 202320 shares → 1
- 1:10Reverse splitOct 18, 202110 shares → 1
- 1:10Reverse splitSep 12, 201610 shares → 1
Balance Sheet Details
Assets$20.31M
Liabilities$2.22M
Accounts Receivable$6K
Accounts Payable$564K
Inventory$1.4M
PP&E (Net)$438K
Goodwill$3.14M
Intangible Assets$5.13M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $11.43M | $9.9M | $9.93M | $11.92M | $10.02M | $11.44M | $17.14M | $17.12M | $23.32M | $7.74M | $617K | $0 | $0 | $251K |
| YoY Growth | 15.4% | -0.3% | -16.7% | 18.9% | -12.4% | -33.2% | 0.1% | -26.6% | 201.4% | 1154.2% | - | - | - | - |
| Cost of Revenue | $5.84M | $3.29M | $3.27M | $4.69M | $4.24M | $3.24M | $4.37M | $4.8M | $11.69M | $4.43M | $1.82M | $0 | $0 | $48K |
| Gross Profit | $5.59M | $6.62M | $6.66M | $7.23M | $5.79M | $8.2M | $12.77M | $12.31M | $11.63M | $3.3M | -$1.21M | $0 | $0 | $203K |
| Gross Margin | 48.9% | 66.8% | 67.1% | 60.7% | 57.7% | 71.7% | 74.5% | 71.9% | 49.9% | 42.7% | -195.7% | - | - | 80.7% |
| Research and Development | $617K | $559K | $983K | $1.24M | $933K | $1.11M | $1.21M | $762K | $1.67M | $888K | $2.73M | $1.42M | $519K | $114K |
| Selling, General, and Administrative | $11.28M | $10.46M | $10.96M | $10.24M | $6.14M | $7.68M | $8.98M | $10.96M | $13.6M | $9.12M | $6.99M | $3.83M | $916K | $283K |
| Other | $1.59M | $3.27M | $10.05M | $2.66M | $6.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $13.49M | $14.29M | $21.99M | $14.14M | $13.33M | $8.79M | $10.19M | $11.73M | $15.27M | $10.01M | $9.72M | $5.25M | $1.44M | $397K |
| Operating Income (EBIT) | -$7.9M | -$7.67M | -$15.33M | -$6.91M | -$7.55M | -$586K | $2.58M | $587K | -$3.64M | -$6.71M | -$10.92M | -$5.25M | -$1.44M | -$194K |
| Operating Margin | -69.1% | -77.5% | -154.4% | -58.0% | -75.3% | -5.1% | 15.0% | 3.4% | -15.6% | -86.7% | -1771.0% | - | - | -77.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $1.42M | $2.25M | $3.02M | $2.97M | $7.74M | $3.28M | $1.25M | $31K | $35K | $247 |
| Interest Income | $398K | $161K | $222K | $119K | $0 | $0 | $0 | $0 | $0 | $23 | $727 | $1K | $0 | $0 |
| Other Income (Expense) | $447K | -$1.32M | $468K | $119K | -$3.96M | -$2.25M | -$5.28M | -$1.88M | -$6.24M | -$5.85M | -$2.15M | -$1.83M | -$109K | -$247 |
| Income Before Tax (EBT) | -$7.45M | -$8.99M | -$14.86M | -$6.79M | -$11.5M | -$2.84M | -$2.7M | -$1.29M | -$9.88M | -$12.56M | -$13.07M | -$7.08M | -$1.54M | -$194K |
| Income Tax Expense | $15K | $10K | -$310K | $138K | $204K | $25K | -$333K | $34K | -$1.61M | $196K | $4K | $843 | $0 | $0 |
| Net Income | -$7.47M | -$9M | -$14.55M | -$6.92M | -$11.71M | -$2.86M | -$11.79M | -$7.09M | -$8.26M | -$12.75M | -$13.08M | -$7.08M | -$1.54M | -$194K |
| Net Income Margin | -65.4% | -90.9% | -146.5% | -58.1% | -116.8% | -25.0% | -68.8% | -41.4% | -35.4% | -164.8% | -2119.9% | - | - | -77.3% |
| Supplementary Data | ||||||||||||||
| EPS | -13.06 | -14.65 | -11.66 | -14.47 | -37.12 | -17.58 | -16.49 | -57.73 | -129.02 | -413.24 | -964.73 | -619.45 | -144.30 | -19.23 |
| Diluted EPS | -13.06 | -14.65 | -11.66 | -14.47 | -37.12 | -17.58 | -16.49 | -57.73 | -129.02 | -413.24 | -964.73 | -619.45 | -144.30 | -19.23 |
| Weighted Average OS | 594,946 | 634,970 | 1.35M | 478,704 | 315,395 | 162,947 | 143,587 | 122,808 | 64,061 | 30,861 | 13,555 | 11,424 | 10,704 | 10,098 |
| EBITDA | -$5.8M | -$6.06M | -$6.57M | -$6.1M | -$2.24M | $242K | $1.15M | $1.49M | $230K | -$8.7M | -$11.64M | -$5.23M | -$1.43M | -$194K |
| EBITDA Margin | -50.8% | -61.2% | -66.2% | -51.2% | -22.3% | 2.1% | 6.7% | 8.7% | 1.0% | -112.5% | -1886.9% | - | - | -77.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $3.57M | $3.81M | $6.4M | $6.98M | $12.04M | $4.39M | $1.59M | $425K | $5.64M | $3.3M | $419K | $2.2M | $304K | $136K |
| Short-Term Investments | $5.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.51M | $3.81M | $6.4M | $6.98M | $12.04M | $4.39M | $1.59M | $425K | $5.64M | $3.3M | $419K | $2.2M | $304K | $136K |
| Accounts Receivable | $6K | $4K | $14K | $403K | $99K | $134K | $39K | $247K | $382K | $1.22M | $0 | $0 | $0 | $0 |
| Inventory | $1.4M | $1.05M | $1.48M | $1.76M | $1.24M | $767K | $1.3M | $871K | $3.06M | $5.34M | $1.77M | $360K | $7K | $0 |
| Other Current Assets | $681K | $477K | -$1 | $60K | $210K | $150K | $150K | $1.41M | $4.47M | $40K | $1.53M | $28K | $0 | $0 |
| Total Current Assets | $11.6M | $5.34M | $8.05M | $9.53M | $14.44M | $5.89M | $3.36M | $3.4M | $12M | $11.25M | $4.76M | $3.51M | $313K | $136K |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $438K | $161K | $317K | $438K | $248K | $336K | $204K | $145K | $317K | $380K | $373K | $156K | $8K | $2K |
| Goodwill | $3.14M | $3.14M | $3.14M | $10.96M | $10.96M | $15.48M | $15.48M | $15.48M | $24.6M | $15.48M | $0 | $0 | $0 | $0 |
| Intangible Assets | $5.13M | $5.58M | $5.51M | $4.06M | $4.48M | $5.24M | $6M | $6.76M | $11.33M | $8.29M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $20.87M | -$1.12M | -$14.1M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $812K | $1.12M | $1.15M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $647K | $0 | $0 | -$21.68M | $12.27M | $12.95M | $0 | $0 | $0 | $0 | -$2K |
| Total Long-Term Assets | $8.71M | $8.88M | $8.97M | $16.11M | $15.68M | $21.05M | $21.68M | $34.66M | $36.24M | $24.15M | $373K | $156K | $8K | $2K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $20.31M | $14.22M | $17.02M | $25.64M | $30.12M | $26.95M | $25.05M | $38.06M | $48.24M | $35.39M | $5.13M | $3.66M | $321K | $138K |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $564K | $750K | $902K | $673K | $492K | $2.75M | $2.12M | $1.26M | $903K | $2.07M | $1.33M | $535K | $244K | $0 |
| Short-Term Debt | $49K | $0 | $0 | $0 | $0 | $2.41M | $2.06M | $1.27M | $266K | $784K | $1.8M | $0 | $123K | $75K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $54K | $169K | $116K | $91K | $104K | $78K | $23K | $843 | $0 | $0 |
| Current Unearned Revenue | $240K | $225K | $0 | $0 | $0 | $0 | $0 | $91K | $2.83M | $6.07M | $9K | $139K | $135K | $0 |
| Other Current Liabilities | $381K | $380K | $411K | $861K | $446K | $592K | $526K | $1.66M | $4.24M | $1.5M | $439K | $183K | $1.77M | $53K |
| Total Current Liabilities | $1.93M | $2.03M | $2.05M | $2.41M | $1.34M | $6.47M | $5.67M | $5.14M | $10.68M | $13.32M | $4.25M | $928K | $2.15M | $144K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $8.18M | $9.74M | $13.65M | $12.38M | $14.23M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$812K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $812K | $365K | $335K | $190K | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $1 | $440K | $385K | $1.33M | $1.11M | $2.35M | $3.9M | $4.83M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $283K | $0 | $52K | $440K | $385K | $9.51M | $10.85M | $16.37M | $16.62M | $19.25M | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.22M | $2.03M | $2.1M | $2.85M | $1.73M | $15.98M | $16.53M | $21.51M | $27.31M | $32.57M | $4.25M | $928K | $2.15M | $144K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $2.13M | $2.6M | $2.13M | $2.33M | $2.33M | $1.81M | $1.81M | $1.81M | $1.81M | $4.27M | $0 | $0 | $80K | $0 |
| Common Stock | $91 | $240 | $216 | $48 | $917 | $4K | $3K | $3K | $2K | $738 | $4K | $2K | $2K | $2K |
| Retained Earnings | -$116.63M | -$109.16M | -$100.16M | -$85.61M | -$78.66M | -$65.43M | -$61.8M | -$50.01M | -$42.92M | -$34.66M | -$21.91M | -$8.83M | -$1.75M | -$209K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | -$80K | $0 |
| Other Stockholders' Equity | $134.72M | $121.36M | $115.07M | $108.4M | $107.05M | $76.39M | $70.32M | $66.56M | $63.86M | $37.48M | $22.78M | $11.56M | -$80K | $200K |
| Total Equity | $18.09M | $12.19M | $14.91M | $22.79M | $28.4M | $10.97M | $8.52M | $16.54M | $20.94M | $2.82M | $881K | $2.74M | -$1.83M | -$7K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $20.31M | $14.22M | $17.02M | $25.64M | $30.12M | $26.95M | $25.05M | $38.06M | $48.24M | $35.39M | $5.13M | $3.66M | $321K | $138K |
| Supplementary Data | ||||||||||||||
| Total Debt | $332K | $52K | $120K | $69K | $64K | $10.65M | $11.87M | $14.92M | $12.65M | $15.01M | $1.85M | $0 | $123K | $75K |
| Net Debt | -$3.24M | -$3.76M | -$6.28M | -$6.91M | -$11.98M | $6.26M | $10.28M | $14.49M | $7.01M | $11.71M | $1.43M | -$2.2M | -$180K | -$61K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$7.47M | -$9M | -$14.55M | -$6.92M | -$11.71M | -$2.86M | -$2.37M | -$1.33M | -$8.26M | -$12.75M | -$13.08M | -$7.08M | -$1.54M | -$194K |
| Depreciation & Amortization | $2.1M | $1.61M | $945K | $804K | $791K | $828K | $836K | $906K | $921K | $579K | $183K | $12K | $585 | $99 |
| Deferred Income Tax | $0 | $0 | -$320K | $124K | $196K | $0 | -$365K | $30K | -$1.63M | $190K | $1.32M | -$386K | -$311K | $0 |
| Stock-Based Compensation | $1.25M | $1.64M | $1.58M | $1.64M | $937K | $160K | $608K | $990K | $2.49M | $1.11M | $1.51M | $793K | $311K | $30K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$1K | $9K | $389K | -$304K | $35K | -$95K | $208K | $135K | -$898K | -$721K | $707K | -$770K | $1.9M | $0 |
| Inventory | -$351K | $128K | $568K | -$508K | -$470K | $536K | -$433K | -$164K | $526K | -$1.06M | -$2.41M | -$353K | -$7K | $0 |
| Accounts Payable | -$345K | -$277K | $22K | $181K | -$2.26M | $658K | $787K | $362K | -$958K | $120K | $1.35M | $268K | $244K | $64K |
| Other Working Capital | -$176K | -$109K | -$761K | $1.36M | -$1.34M | -$190K | -$165K | -$272K | -$2.5M | $7.54M | -$130K | $139K | -$1.84M | $0 |
| Total Working Capital Change | -$873K | -$248K | $218K | $728K | -$4.03M | $909K | $398K | $61K | -$3.83M | $5.88M | -$478K | -$716K | $300K | $64K |
| Other Non-Cash Items | -$62K | $1.75M | $7.81M | $15K | $7.9M | $656K | $3.13M | -$708K | $4.7M | $4.04M | $1.92M | $2.21M | $403K | $94K |
| Net Cash from Operating | -$5.06M | -$4.25M | -$4.32M | -$3.61M | -$5.91M | -$313K | $2.24M | -$50K | -$5.61M | -$950K | -$8.62M | -$5.16M | -$841K | -$100K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$71K | -$26K | -$53K | -$282K | $0 | $0 | -$24K | -$11K | -$53K | -$39K | -$382K | -$138K | -$6K | -$2K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $2.77M | -$3.16M | -$89K | -$17.39M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$10.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $4.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$1.35M | -$1.43M | -$1.32M | -$1.03M | $0 | $0 | $2.75M | -$3.17M | -$1.51M | $1.49M | -$1.51M | -$28K | -$6K | $0 |
| Net Cash from Investing | -$7.3M | -$1.46M | -$1.37M | -$1.31M | $0 | $0 | $2.75M | -$3.17M | -$142K | -$15.93M | -$1.89M | -$166K | -$6K | -$2K |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | $12.17M | $1.87M | $4.52M | -$2.91M | $3M | -$15.31M | -$2.96M | - | - | - |
| Common Stock Issuance | $12.42M | $4.49M | $5.21M | $0 | $11.83M | $1.28M | $3.21M | $370K | $13.29M | $1.87M | $5.11M | $5.75M | $640K | $158K |
| Common Stock Repurchases | $0 | -$4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$123K | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$300K | $0 | $0 | $0 | $0 | -$25K | -$25K | $0 | -$123K | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$1.06M | $139K | $0 | $6.26M | $1.8M | $3.18M | $395K | -$704K | $7.71M | $5.76M | $1.47M | $940K | $4K |
| Net Cash from Financing | $12.12M | $3.12M | $5.05M | -$300K | $13.63M | $3.11M | -$2M | $3.06M | $8.09M | $19.77M | $8.73M | $7.23M | $1.01M | $237K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | -$2.87M | -$3.91M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$239K | -$2.59M | -$639K | -$5.22M | $7.72M | $2.8M | $123K | -$4.06M | $2.34M | $2.88M | -$1.78M | $1.9M | $168K | $135K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$5.06M | -$4.25M | -$4.32M | -$3.61M | -$5.91M | -$313K | $2.24M | -$50K | -$5.61M | -$950K | -$8.62M | -$5.16M | -$841K | -$100K |
| Capital Expenditure | -$1.42M | -$1.46M | -$1.37M | -$1.31M | $0 | $0 | -$24K | -$11K | -$53K | -$39K | -$382K | -$138K | -$6K | -$2K |
| Free Cash Flow | -$6.48M | -$5.72M | -$5.69M | -$4.92M | -$5.91M | -$313K | $2.22M | -$61K | -$5.66M | -$989K | -$9M | -$5.3M | -$847K | -$102K |
| Cash at Beginning | $3.81M | $6.4M | $7.04M | $12.25M | $4.54M | $1.74M | $1.61M | $5.68M | $3.3M | $419K | $2.2M | $304K | $136K | $339 |
| Cash at End | $3.57M | $3.81M | $6.4M | $7.04M | $12.25M | $4.54M | $1.74M | $1.61M | $5.64M | $3.3M | $419K | $2.2M | $304K | $136K |