LogicMark, Inc. (LGMK) Form 10-Q — Aug 19, 2026
LogicMark reported second-quarter 2026 revenue of $3.35 million, up 17% year over year, on stronger Freedom Alert Mini and Guardian Alert 911 Plus sales and a January 2026 price increase. Quarterly net loss narrowed to $1.55 million from $2.05 million, with gross margin expanding to 70.7% from 67.5%. The 10-Q discloses that on July 31, 2026 LogicMark signed a merger agreement with Langham Partners, LLC under which each common share would be converted into $1.31 in cash, taking the company private upon stockholder approval. Days earlier, on July 30, the company closed a $250,000 sale of Series J convertible preferred stock to an institutional investor.
Key figures
- Revenue
- 6563580
- Net Income
- -3003328
- Revenue Yoy
- 21% for six months ended June 30, 2026; 17% for Q2
- Total Assets
- 17034111
- Cash Position
- 3495672
- Shares Outstanding
- 899759
- Q2 revenue
- 3349300
- Gross margin h1
- 70.2% vs 65.6% prior year
- Gross margin q2
- 70.7% vs 67.5% prior year
- Working capital
- $6.9 million vs $9.7 million at December 31, 2025
- Reverse split ratio
- 1-for-750
- Merger price per share
- 1.31
- Series j gross proceeds
- 250000
- Nasdaq delisting effective
- June 2, 2025
- Series c liquidation preference
- 2000000
- Investments government securities
- 3135718
- February 2025 offering gross proceeds
- 14400000
AI analysis
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