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Logicmark Inc. (LGMK)
:LGMK
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LogicMark
(NASDAQ:LGMK)
43Neutral
LogicMark (LGMK) vs. S&P 500 (SPY)
Market Cap
$1.06M
Dividend YieldN/A
Average Volume (3M)282.87M
Price to Earnings (P/E)―
Beta (1Y)2.22
Revenue Growth-0.28%
EPS Growth82.39%
CountryUS
Employees31
SectorHealthcare
Sector Strength60
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-1.57
Shares Outstanding60,588,223
10 Day Avg. Volume743,493,615
30 Day Avg. Volume282,869,965
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap2.30
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit0.37
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
LogicMark Business Overview & Revenue Model
Company DescriptionLogicMark (LGMK) is a technology company specializing in the development and manufacturing of personal emergency response systems (PERS) and health communications devices. The company operates within the healthcare and security sectors, providing innovative solutions designed to enhance safety and support for individuals, especially the elderly and those with health concerns. LogicMark's core products include wearable devices and alert systems that enable users to quickly communicate with emergency services or caregivers in times of need.
How the Company Makes MoneyLogicMark generates revenue primarily through the sale of its personal emergency response systems and related health communication devices. The company's key revenue streams include direct sales to consumers, partnerships with healthcare providers, and sales through retail distributors. Additionally, LogicMark may engage in strategic partnerships with insurance companies and senior care facilities to expand the reach of its products. The company's earnings are influenced by factors such as market demand for safety and health monitoring solutions, technological advancements, and demographic trends towards an aging population.
LogicMark Financial Statement Overview
Summary
LogicMark faces significant financial challenges, with ongoing losses affecting profitability and efficiency. Despite a healthy balance sheet with no debt and a solid equity position, continuous negative cash flows and reliance on external financing indicate underlying operational issues. Improving revenue streams, cost control, and operational efficiency are crucial for sustainable profitability.Income Statement
LogicMark's income statement reflects significant challenges. The gross profit margin shows a decline from 2019's higher values to 2024, indicating pressure on cost management or pricing. The net profit margin remains negative, with substantial net losses indicating profitability issues. Revenue has decreased over the years, with a notable drop from 2020 onwards, except for a slight increase in 2021. Both EBIT and EBITDA margins are negative, highlighting operational inefficiencies and high operating expenses.―
Balance Sheet
The balance sheet shows a mixed picture. The company's debt-to-equity ratio is favorable, given the absence of debt in recent years, which reduces financial risk. However, the return on equity is negative due to persistent losses, indicating inefficiency in generating returns on shareholders' investment. The equity ratio is relatively strong, reflecting a solid capital structure with a higher proportion of equity financing.55
Cash Flow
Cash flow analysis reveals ongoing challenges. Free cash flow remains negative, indicating struggles in generating sufficient cash from operations to cover capital expenditures. The operating cash flow to net income ratio is less meaningful due to negative net income. Financing cash flow remains positive due to capital inflows, but reliance on external financing could pose risks if not managed carefully.―
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 9.93M | 11.92M | 10.02M | 11.44M | 17.14M | Gross Profit |
| 6.66M | 7.23M | 5.68M | 8.20M | 12.77M | EBIT |
| -15.33M | -6.91M | -3.03M | -586.08K | 2.58M | EBITDA |
| -6.65M | -6.10M | -2.24M | 241.58K | 3.41M | Net Income Common Stockholders |
| -14.55M | -6.92M | -11.71M | -2.86M | -2.37M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 6.40M | 6.98M | 12.04M | 4.39M | 1.59M | Total Assets |
| 17.02M | 25.64M | 30.12M | 26.95M | 25.05M | Total Debt |
| 120.16K | 69.40K | 64.35K | 10.65M | 11.87M | Net Debt |
| -6.28M | -6.91M | -11.98M | 6.26M | 10.28M | Total Liabilities |
| 2.10M | 25.64M | 1.73M | 15.98M | 16.53M | Stockholders Equity |
| 14.91M | 22.79M | 28.40M | 10.97M | 8.52M |
| Cash Flow | Free Cash Flow | |||
| -5.69M | -4.92M | -5.91M | -412.96K | 2.22M | Operating Cash Flow |
| -4.32M | -3.61M | -5.91M | -412.96K | 2.24M | Investing Cash Flow |
| -1.37M | -1.31M | 0.00 | 0.00 | 2.75M | Financing Cash Flow |
| 5.05M | -300.00K | 13.63M | 3.21M | -2.00M |
LogicMark Technical Analysis
Negative
0.02
Price Trends
0.16
Negative
0.83
Negative
3.20
Negative
Market Momentum
-0.06
Negative
16.08
Positive
51.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LGMK, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.16, and below the 200-day MA of 3.20, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 16.08 is Positive, neither overbought nor oversold. The STOCH value of 51.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LGMK.
LogicMark Risk Analysis
LogicMark disclosed 39 risk factors in its most recent earnings report. LogicMark reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LogicMark Peers Comparison
Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | $5.35B | 3.83 | -41.61% | 2.85% | 17.10% | 1.22% | |
43 Neutral | $1.06M | ― | -66.44% | ― | -0.28% | 82.39% | |
37 Underperform | $4.74M | ― | -222.46% | ― | -7.74% | 93.25% | |
37 Underperform | $4.21M | ― | -1718.32% | ― | 42.66% | -98.89% | |
28 Underperform | $3.64M | ― | -21.57% | ― | ― | 97.84% |
* Healthcare Sector Average
Performance Comparison
LGMK
LogicMark
0.02
-20.05
-99.90%
WINT
Windtree Therapeutics
1.02
-218.98
-99.54%
RSLS
ReShape Lifesciences
0.42
-9.68
-95.84%
ICCT
iCoreConnect
2.34
-21.86
-90.33%
LogicMark Earnings Call Summary
Earnings Call Date:Apr 08, 2025
(Q3-2024)
| % Change Since: 100.00%|
Next Earnings Date:May 15, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue and profit growth, successful product launches, and strategic partnerships, particularly in the veteran community. Despite these positives, the company still faces challenges with net losses and direct-to-consumer sales complexities, specifically with Amazon.Q3-2024 Updates
Positive Updates
Revenue and Gross Profit Growth
Third quarter revenue increased by 14% to $2.7 million compared to the same period last year, and gross profit improved by 13% to $1.8 million.
Product Success and Feature Expansion
The Freedom Alert Mini saw a growth in sales from 191 units in the second quarter to over 1,100 units in the third quarter. It boasts features like patented fog detection technology, geofencing, 2-way communications, and extended battery life.
Strategic Partnerships
Partnership with Black Knight, a service-disabled, veteran-owned small business, to expand sales and marketing channels, particularly in the veteran community.
Market Opportunities
The independent living market is projected to reach $17.26 billion by 2028, and the personal safety market is projected to reach $33.5 billion by 2030, highlighting significant growth potential.
Improved Financial Management
Operating expenses were virtually flat compared to the same period last year and 6% lower than the second quarter of 2024. Adjusted EBITDA loss improved from $1.1 million to $785,000 year-over-year.
Negative Updates
Net Loss
Net loss attributable to common shareholders was $1.6 million, slightly higher than the $1.5 million loss in the same quarter last year.
Challenges with Amazon Sales
The company faces challenges with margins and operational complexity in its direct-to-consumer sales via Amazon.
Company Guidance
During the third quarter 2024 earnings call for LogicMark, CEO Chia-Lin Simmons and CFO Mark Archer provided guidance highlighting several key metrics. The company reported a 14% increase in revenue, reaching $2.7 million, along with a 13% rise in gross profit to $1.8 million, maintaining a gross margin of 67% for the sixth consecutive quarter. LogicMark's operating expenses for the quarter were $3.4 million, showing a 6% decrease from the previous quarter, and adjusted EBITDA improved to a loss of $785,000 from $1.1 million in the third quarter of 2023. The Freedom Alert Mini product significantly contributed to these results, with sales jumping from 191 units in the prior quarter to over 1,100 units. The company ended the quarter with a cash balance of $5.6 million, bolstered by a secondary offering in August that generated $4.5 million in gross proceeds. LogicMark is focused on operational excellence, expanding its customer base, and leveraging its growing intellectual property portfolio, which now includes 23 patents with a strong emphasis on AI and machine learning.LogicMark Corporate Events
Product-Related AnnouncementsBusiness Operations and StrategyFinancial Disclosures
LogicMark Reports Strong Q3 2024 Results and Innovations
Positive
Nov 13, 2024
LogicMark, Inc. reported a robust third quarter in 2024, with a 14% increase in revenue to $2.7 million and a 13% rise in gross profit to $1.8 million. The consistent 67% gross margin over the past six quarters highlights effective cost management and a successful product mix shift. The company’s strategic moves, including the Freedom Alert Mini launch and a partnership with Black Knight LLC, underscore its commitment to innovation and expanding its market reach, particularly within the Veterans Administration.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.