LogicMark (LGMK) AI Stock Analysis

• Market Cap: $2.42M
• Dividend Yield: N/A
• Average Volume (3M): 332.79M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: 6.77%
• EPS Growth: 97.28%
• Country: US
• Employees: 31
• Sector: Healthcare
• Sector Strength: 41
• Industry: Security & Protection Services
• EPS (TTM): >-0.01
• Shares Outstanding: 576,305,100
• 10 Day Avg. Volume: 67,081,638
• 30 Day Avg. Volume: 332,787,852
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: -3.42
• Enterprise Value/Revenue: -0.84
• Enterprise Value/Gross Profit: -1.28
• Enterprise Value/Ebitda: 1.32
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 40 Underperform
• Price Target: $0.00 ▼(-100.00% Downside)

The overall stock score reflects significant financial challenges, weak technical indicators, and poor valuation metrics. The delisting from Nasdaq and move to OTC markets further highlight the company's struggles, despite some positive developments in revenue and cash position.

LogicMark Business Overview & Revenue Model

Company Description

LogicMark (LGMK) is a technology company that specializes in providing innovative personal emergency response systems (PERS) and solutions aimed at enhancing the safety and security of individuals, particularly seniors and those with health concerns. The company operates primarily in the healthcare technology sector, offering a range of products including wearable emergency devices, home monitoring systems, and associated software services designed to facilitate immediate response in emergency situations.

How the Company Makes Money

LogicMark generates revenue primarily through the sale of its personal emergency response systems and related services. The company offers both direct-to-consumer sales and business-to-business sales, including partnerships with healthcare providers, senior living facilities, and insurance companies. Key revenue streams include the sale of hardware devices, subscription-based monitoring services, and licensing of its technology. Additionally, LogicMark may benefit from government contracts or grants aimed at enhancing patient safety and emergency response services, further contributing to its earnings.

LogicMark Financial Statement Overview

Summary

LogicMark faces significant challenges with profitability and cash generation, despite a strong equity base and low leverage. The income statement shows a mixed performance with efficient cost management but negative profit margins and declining revenue. The balance sheet is stable, but cash flow issues persist, with negative operating and free cash flow.

Income Statement

The income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) gross profit margin is approximately 65.7%, indicating efficient management of production costs. However, the company is struggling with profitability, as evidenced by a negative net profit margin and EBIT margin. Revenue growth is also negative, showing a decline compared to previous years, which could be a concern for investors.

Balance Sheet

The balance sheet reflects a strong equity position with an equity ratio of approximately 91.3% in the TTM period, suggesting low leverage and financial stability. However, the return on equity is negative due to persistent losses, which is a concern for long-term growth. The debt-to-equity ratio is minimal, indicating low risk from debt obligations.

Cash Flow

The cash flow statement reveals negative operating cash flow and free cash flow, highlighting challenges in generating cash from operations. The ratio of operating cash flow to net income is not favorable, pointing to issues in converting income into cash. Despite these challenges, the company has managed to secure financing, reflected in positive financing cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.90M	9.93M	11.92M	10.02M	11.44M
Gross Profit	6.62M	6.66M	7.23M	5.68M	8.20M
EBITDA	-6.06M	-6.65M	-6.10M	-2.24M	241.58K
Net Income	-9.00M	-14.55M	-6.92M	-11.71M	-2.86M
Balance Sheet
Total Assets	14.22M	17.02M	25.64M	30.12M	26.95M
Cash, Cash Equivalents and Short-Term Investments	3.81M	6.40M	6.98M	12.04M	4.39M
Total Debt	51.84K	120.16K	69.40K	64.35K	10.65M
Total Liabilities	2.03M	2.10M	2.85M	1.73M	15.98M
Stockholders Equity	12.19M	14.91M	22.79M	28.40M	10.97M
Cash Flow
Free Cash Flow	-5.72M	-5.69M	-4.92M	-5.91M	-412.96K
Operating Cash Flow	-4.25M	-4.32M	-3.61M	-5.91M	-412.96K
Investing Cash Flow	-1.46M	-1.37M	-1.31M	0.00	0.00
Financing Cash Flow	3.12M	5.05M	-300.00K	13.63M	3.11M

LogicMark Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NSSC	79 Outperform	$1.11B	25.32	27.48%	1.69%	-1.05%	-2.78%
REZI	74 Outperform	$4.75B	64.31	-26.27%	―	20.00%	-547.75%
MG	61 Neutral	$284.47M	24.94	5.63%	―	-4.51%	―
EVLV	60 Neutral	$1.21B	―	-71.94%	―	36.53%	52.99%
UUU	54 Neutral	$7.63M	15.24	9.89%	―	18.39%	―
Sector *	51 Neutral	$7.46B	-0.16	-46.00%	2.25%	22.76%	-2.28%
LGMK	40 Underperform	$2.42M	―	-57.40%	―	6.77%	97.28%

LogicMark Corporate Events

LogicMark Approves Reverse Stock Split at Annual Meeting

On August 15, 2025, LogicMark, Inc. held its Annual Meeting of Stockholders, where five proposals were voted on. Key outcomes included the election of five directors, ratification of BPM LLP as the independent public accounting firm for 2025, and approval of a reverse stock split for common and Series C preferred stock. However, a proposal to amend the Charter to allow for a decrease in authorized shares was not approved.

LogicMark Reports 22% Revenue Increase in Q2 2025

LogicMark, Inc. reported a 22% increase in revenue for the second quarter of 2025, reaching $2.9 million, driven by higher sales of their Freedom Alert Mini units and upgraded Guardian Alert 911 Plus. The company also improved its gross profit by 24% and strengthened its cash position to $13 million with no long-term debt, following a successful capital raise earlier in the year. The transition to the OTC market and strategic expansions in sales leadership and infrastructure aim to enhance their market positioning and support growth in institutional and government channels.

LogicMark Announces 2025 Annual Meeting Plans

LogicMark, Inc. has announced its intention to hold the 2025 annual meeting of stockholders on August 15, 2025, with June 23, 2025, set as the record date for determining eligible stockholders. The company has informed stockholders of the change in meeting date, which is more than 30 days from the previous year’s meeting, and outlined the deadlines and requirements for submitting stockholder proposals and nominations for the 2025 meeting.

LogicMark Stock Moves to OTC Markets After Delisting

On June 2, 2025, LogicMark, Inc. announced that its common stock would begin trading on the over-the-counter markets following Nasdaq’s decision to delist the stock due to non-compliance with the $1.00 minimum bid price requirement. The transition to OTC Markets allows LogicMark to maintain access to public capital and focus on long-term growth strategies. The company reported $15 million in cash and short-term investments at the end of the first quarter, emphasizing their commitment to operational execution and shareholder value. LogicMark continues to evaluate market tiers within OTC Markets and considers a potential return to a national exchange in the future.

LogicMark to Move to OTC Markets After Nasdaq Delisting

On May 29, 2025, LogicMark, Inc. received a letter from the Nasdaq Hearings Panel indicating the decision to delist the company’s common stock due to non-compliance with the minimum bid price requirement of $1.00 per share. The company does not plan to appeal this decision, and trading will be suspended on June 2, 2025. LogicMark intends for its stock to be publicly quoted on the OTC Markets Group under the symbol ‘LGMK’ starting June 2, 2025.

LogicMark Extends CEO’s Term Amid Governance Changes

On May 17, 2025, LogicMark, Inc. announced an amendment to the employment agreement with its CEO, Chia-Lin Simmons, extending her term until August 31, 2026. The amendment also increased the threshold percentages for triggering a change in control from 35% to 50%, potentially impacting the company’s governance and strategic direction.