Logicmark Inc. (LGMK)
OTHER OTC:LGMK
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LogicMark
(OTC:LGMK)
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Rating:55Neutral
Price Target:
$0.92
Action:Reiterated
Date:05/29/26
The score is held back primarily by ongoing unprofitability and sizable cash burn despite improving revenue and gross margins. Offsetting this, technical momentum is constructive and the latest earnings call highlighted improving losses, disciplined expenses, and near-term product catalysts, but execution and funding risk remain key.
Positive Factors
Gross Margin Expansion
A sustained jump in gross margin driven by pricing, favorable product mix and lower logistics implies structurally stronger unit economics. Higher stable margins improve the odds of reaching profitability as fixed costs scale and support reinvestment into subscription services and distribution.
Negative Factors
High Cash Burn
The business currently consumes meaningful cash versus generating it; continued negative operating and free cash flow will force external financing or sharp restructuring if revenue scaling or margin gains falter. Persistent burn limits runway and strategic optionality over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross Margin Expansion
A sustained jump in gross margin driven by pricing, favorable product mix and lower logistics implies structurally stronger unit economics. Higher stable margins improve the odds of reaching profitability as fixed costs scale and support reinvestment into subscription services and distribution.
Read all positive factors
LogicMark (LGMK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$944.75K
Dividend YieldN/A
Average Volume (3M)2.40K
Price to Earnings (P/E)―
Beta (1Y)1.72
Revenue Growth21.91%
EPS Growth99.96%
CountryUS
Employees31
SectorHealthcare
Sector Strength45
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-5.85
Shares Outstanding899,759
10 Day Avg. Volume4,387
30 Day Avg. Volume2,396
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-0.89
Enterprise Value/Revenue-0.07
Enterprise Value/Gross Profit-0.11
Enterprise Value/Ebitda0.18
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-7.36
Revenue Forecast (FY)$12.87M
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:May 13, 2026
(Q1-2026)
| Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive operational and commercial trajectory: revenue grew 24%, gross margin expanded by 610 basis points, operating and net losses meaningfully improved, customer satisfaction is strong (NPS 68), the product pipeline (wearable watch and connected-home hub) is on track, and liquidity ($7.5M, no long-term debt) supports near-term commercialization. Headwinds and risks include continued quarterly losses, an early-stage recurring revenue base, increased go-to-market spend, the hub still being in beta, a decline in R&D spend that could be seen as a risk if future needs arise, and some uncertainty around capital markets/listing strategy. Overall, positives (growth, margin expansion, product momentum, strong NPS, and improved losses) outweigh the lowlights, but the company is not yet profitable and execution on subscriptions and new products remains critical.Positive Updates
Revenue Growth
First quarter revenue of $3.2M, up 24% year-over-year from $2.6M, driven by strong demand for the Freedom Alert Mini and Guardian Alert 911 Plus.
Negative Updates
Continued Losses
Company remains unprofitable with an operating loss and net loss of $1.5M in the quarter; profitability objective progressing but breakeven not yet achieved.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
First quarter revenue of $3.2M, up 24% year-over-year from $2.6M, driven by strong demand for the Freedom Alert Mini and Guardian Alert 911 Plus.
Read all positive updates
Company Guidance
Management's guidance emphasized product and commercial milestones and a path toward improved profitability: the wearable watch is on schedule for a Q3 launch and the connected‑home hub is progressing from beta toward commercial deployment, subscription monitoring and digital care features are expected to expand recurring revenue, and R&D is running at roughly $100K per month (anticipated to stay consistent) while operating‑expense growth will be managed conservatively with AI‑driven productivity initiatives. They said the company's $7.5M in cash and investments and no long‑term debt should fund the commercial build‑out and launches without near‑term dilutive financing; Q1 results that support the outlook included revenue of $3.2M (up 24% YoY from $2.6M), gross profit $2.2M (up 36% YoY from $1.6M) and gross margin expansion to 69.6% (vs. 63.5%, +610 bps), total operating expenses of $3.7M (down 7% YoY), advertising down ~$100K (≈55%), selling & marketing up ~$300K, R&D down ~21%, G&A down ~$500K (≈24%), an operating loss of $1.5M (improved 36% YoY from $2.4M) and net loss of $1.5M (improved 34% YoY from $2.2M; net loss per share $1.68 vs $93.50 adjusted), all while targeting continued progress toward breakeven.LogicMark Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.05M | 11.43M | 9.90M | 9.93M | 11.92M | 10.02M |
| Gross Profit | 7.68M | 5.59M | 6.62M | 6.66M | 7.23M | 5.79M |
| EBITDA | -4.75M | -5.86M | -6.06M | -6.57M | -6.10M | -2.24M |
| Net Income | -6.88M | -7.47M | -9.00M | -14.55M | -6.92M | -11.71M |
Balance Sheet | ||||||
| Total Assets | 18.51M | 20.31M | 14.22M | 17.02M | 25.64M | 30.12M |
| Cash, Cash Equivalents and Short-Term Investments | 7.49M | 9.51M | 3.81M | 6.40M | 6.98M | 12.04M |
| Total Debt | 320.39K | 331.72K | 51.84K | 120.16K | 69.40K | 64.35K |
| Total Liabilities | 1.86M | 2.22M | 2.03M | 2.10M | 2.85M | 1.73M |
| Stockholders Equity | 16.64M | 18.09M | 12.19M | 14.91M | 22.79M | 28.40M |
Cash Flow | ||||||
| Free Cash Flow | -5.62M | -5.13M | -5.72M | -5.69M | -4.92M | -5.91M |
| Operating Cash Flow | -5.06M | -5.06M | -4.25M | -4.32M | -3.61M | -5.91M |
| Investing Cash Flow | -867.59K | -7.30M | -1.46M | -1.37M | -1.31M | 0.00 |
| Financing Cash Flow | -957.18K | 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 posts strong Q1 growth, margins and outlook
Positive
May 15, 2026
LogicMark, Inc. reported that for the first quarter ended March 31, 2026, revenue rose 24% year over year to $3.2 million, marking growth in seven of the past eight quarters, driven by higher sales of Freedom Alert Mini and upgraded Guardian Alert...
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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