Logicmark Inc. (LGMK)
OTHER OTC:LGMK
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LogicMark
(OTC:LGMK)
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Rating:49Neutral
Price Target:
$0.51
Action:ReiteratedDate:03/28/26
The score is constrained mainly by persistent losses and ongoing cash burn (financial performance), which outweigh improving revenue trends and a low-debt structure. The earnings call adds support through growth guidance, margin strength and product/recurring-revenue initiatives, but technicals remain weak and valuation is hard to anchor due to negative earnings.
Positive Factors
Balance Sheet Strength
Very low leverage and year-end liquidity provide a durable runway to fund product development and channel expansion. With no long-term debt, refinancing and interest-rate risk are limited, giving management flexibility to execute B2B and subscription initiatives while addressing cash burn.
Negative Factors
Persistent Cash Burn
Sustained negative operating and free cash flow forces reliance on external financing, increasing dilution and execution risk. Until operating cash generation turns positive, the company must manage financing cycles and may face constraints on marketing, R&D and channel investments essential to scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and year-end liquidity provide a durable runway to fund product development and channel expansion. With no long-term debt, refinancing and interest-rate risk are limited, giving management flexibility to execute B2B and subscription initiatives while addressing cash burn.
Read all positive factors
LogicMark (LGMK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$543.63K
Dividend YieldN/A
Average Volume (3M)1.69K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth5.27%
EPS Growth99.24%
CountryUS
Employees31
SectorHealthcare
Sector Strength45
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-1.96
Shares Outstanding906,059
10 Day Avg. Volume1,146
30 Day Avg. Volume1,685
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.02
Price to Sales (P/S)0.04
P/FCF Ratio-0.08
Enterprise Value/Market Cap-5.26
Enterprise Value/Revenue-0.25
Enterprise Value/Gross Profit-0.40
Enterprise Value/Ebitda0.50
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-8.1
Revenue Forecast (FY)$11.86M
LogicMark Business Overview & Revenue Model
Company Description
LogicMark, Inc. offers personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company, through its subsidiary, LogicMark L...
How the Company Makes Money
LogicMark’s revenue is primarily generated through selling and supporting personal safety and emergency response products and associated services. Key revenue streams include: (1) Hardware/product sales: revenue from the sale of PERS devices and r...
LogicMark Earnings Call Summary
Earnings Call Date:Mar 25, 2026
(Q4-2025)
| Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call conveyed measurable operational progress: accelerating revenue growth (Q4 +36%, FY +15%), stronger gross margins (Q4 margin up ~340–350 bps), product traction (Freedom Alert Mini, Guardian Alert 911 Plus) and an expanding IP/AI-enabled platform with promising product pipeline and clear commercial priorities. At the same time, the company remains unprofitable with a $7.5M FY net loss and $5.1M of operating cash used in 2025, experienced higher operating and one-time costs (recruiting, manufacturing relocation, legal), and relies on external financing to fund growth. Overall, positives around revenue, margin strength, IP and product momentum outweigh the near-term financial challenges and execution risks, but the company must convert pipeline and subscription/licensing plans into recurring revenue to sustain the trajectory.Positive Updates
Strong Quarterly Revenue and Momentum
Q4 revenue of $3.1 million, up 36% year-over-year; company noted year-over-year revenue growth in six of the last seven quarters, reflecting consistent momentum.
Negative Updates
Ongoing Net Losses
Net loss improved but remains material: Q4 net loss $1.6 million (improved from $3.7M prior-year quarter) and full-year net loss $7.5 million (improved from $9.0M in 2024).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Quarterly Revenue and Momentum
Q4 revenue of $3.1 million, up 36% year-over-year; company noted year-over-year revenue growth in six of the last seven quarters, reflecting consistent momentum.
Read all positive updates
Company Guidance
Management guided 2026 revenue to increase 10–15% versus 2025 (2025 revenue $11.4M), implying roughly $12.5M–$13.1M in 2026, driven by B2B (government/healthcare) sales, expansion of subscription/connected-care services and potential IP licensing; they cited Q4 momentum with revenue $3.1M (+36% YoY), gross profit $2.1M (+43%), Q4 gross margin 69.8% (vs. 66.3% prior year, +340 bps) and full‑year gross margin 66.8%, and highlighted year‑end liquidity of $9.5M cash & investments, $9.7M net working capital, no long‑term debt, $5.1M cash used in operations, ~$1.4M invested in product/software development, and $12.1M net cash from financing (including $14.4M gross proceeds); management expects recurring revenue to expand as new products (wearable watch expected Q3 2026, connected‑home hub beta) and digital care features scale.LogicMark Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.43M | 9.90M | 9.93M | 11.92M | 10.02M |
| Gross Profit | 5.59M | 6.62M | 6.66M | 7.23M | 5.79M |
| EBITDA | -5.86M | -6.06M | -6.57M | -6.10M | -2.24M |
| Net Income | -7.47M | -9.00M | -14.55M | -6.92M | -11.71M |
Balance Sheet | |||||
| Total Assets | 20.31M | 14.22M | 17.02M | 25.64M | 30.12M |
| Cash, Cash Equivalents and Short-Term Investments | 9.51M | 3.81M | 6.40M | 6.98M | 12.04M |
| Total Debt | 331.72K | 51.84K | 120.16K | 69.40K | 64.35K |
| Total Liabilities | 2.22M | 2.03M | 2.10M | 2.85M | 1.73M |
| Stockholders Equity | 18.09M | 12.19M | 14.91M | 22.79M | 28.40M |
Cash Flow | |||||
| Free Cash Flow | -5.13M | -5.72M | -5.69M | -4.92M | -5.91M |
| Operating Cash Flow | -5.06M | -4.25M | -4.32M | -3.61M | -5.91M |
| Investing Cash Flow | -7.30M | -1.46M | -1.37M | -1.31M | 0.00 |
| Financing Cash Flow | 12.12M | 3.12M | 5.05M | -300.00K | 13.63M |
LogicMark Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
Performance Comparison
LogicMark Corporate Events
Business Operations and StrategyFinancial Disclosures
LogicMark Reports Strong Q4 2025 Results and Outlook
Positive
Mar 27, 2026
LogicMark on March 25, 2026 reported strong financial and operational results for the fourth quarter and full year ended Dec. 31, 2025, highlighting a 36% jump in quarterly revenue to $3.1 million and a 15% rise in full-year revenue to $11.4 milli...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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