LogicMark (LGMK) AI Stock Analysis

• Market Cap: $2.28M
• Dividend Yield: N/A
• Average Volume (3M): 332.79M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.94
• Revenue Growth: 1.56%
• EPS Growth: 88.49%
• Country: US
• Employees: 31
• Sector: Healthcare
• Sector Strength: 42
• Industry: Security & Protection Services
• EPS (TTM): -0.13
• Shares Outstanding: 576,305,100
• 10 Day Avg. Volume: 67,081,638
• 30 Day Avg. Volume: 332,787,852
• PEG Ratio: 1.91
• Price to Book (P/B): 37.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 145.77
• Enterprise Value/Market Cap: 43.86
• Enterprise Value/Revenue: 2.52
• Enterprise Value/Gross Profit: 15.37
• Enterprise Value/Ebitda: -4.17
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: $0.00 ▼(-100.00%Downside)

LogicMark's overall stock score reflects significant financial and operational challenges, compounded by negative market momentum and unfavorable valuation metrics. The recent Nasdaq delisting further exacerbates market perception and investor confidence issues.

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 LLC, manufactures and distributes non-monitored and monitored personal emergency response systems sold through healthcare durable medical equipment and monitored security dealers/distributors, and the United States Department of Veterans Affairs. The company was formerly known as Nxt-ID, Inc. and changed its name to LogicMark, Inc. in March 2022. LogicMark, Inc. was founded in 2006 and is based in Louisville, Kentucky.

How the Company Makes Money

LogicMark makes money primarily through the sale of its personal emergency response systems and related products. The company generates revenue by selling these devices directly to consumers, healthcare providers, and through retail partners. Additionally, LogicMark may offer subscription-based services for monitoring and support, providing a recurring revenue stream. The company's earnings can also be influenced by partnerships with healthcare institutions and insurance companies, which might promote or subsidize the use of its products as part of patient care or wellness programs.

LogicMark Financial Statement Overview

Summary

LogicMark's financial performance is challenged by negative net profit margins, operational inefficiencies, and ongoing losses. While the balance sheet shows no debt and a strong equity position, continuous negative cash flows and reliance on external financing highlight underlying operational issues.

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.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.88M	9.90M	9.93M	11.92M	10.02M	11.44M
Gross Profit	6.49M	6.62M	6.66M	7.23M	5.68M	8.20M
EBITDA	-6.29M	-6.06M	-6.65M	-6.10M	-2.24M	241.58K
Net Income	-9.53M	-9.00M	-14.55M	-6.92M	-11.71M	-2.86M
Balance Sheet
Total Assets	25.22M	14.22M	17.02M	25.64M	30.12M	26.95M
Cash, Cash Equivalents and Short-Term Investments	8.99M	3.81M	6.40M	6.98M	12.04M	4.39M
Total Debt	0.00	51.84K	120.16K	69.40K	64.35K	10.65M
Total Liabilities	2.20M	2.03M	2.10M	2.85M	1.73M	15.98M
Stockholders Equity	21.21M	12.19M	14.91M	22.79M	28.40M	10.97M
Cash Flow
Free Cash Flow	-6.11M	-5.72M	-5.69M	-4.92M	-5.91M	-412.96K
Operating Cash Flow	-4.82M	-4.25M	-4.32M	-3.61M	-5.91M	-412.96K
Investing Cash Flow	-7.46M	-1.46M	-1.37M	-1.31M	0.00	0.00
Financing Cash Flow	16.22M	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
Sector *	59 Neutral	£5.89B	9.26	-57.69%	4.66%	14.66%	-8.59%
LGMK	41 Neutral	$2.28M	―	-51.79%	―	1.56%	88.49%
RSLS	37 Underperform	$5.82M	―	-120.16%	―	-7.74%	93.25%
WINT	28 Underperform	$1.65M	―	-120.01%	―	―	97.84%
WORX		$1.52M	―	-30.84%	―	―	―
ICCT	37 Underperform	$755.95K	―	-1718.32%	―	31.83%	-25.30%
STSS		$5.55M	―	-75.14%	―	―	―

LogicMark Corporate Events

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.

LogicMark Faces Nasdaq Delisting Notice Over Stock Concerns

On May 2, 2025, LogicMark, Inc. received a notification from Nasdaq regarding the potential delisting of its common stock due to concerns over shareholder dilution following a February 2025 public offering. The company plans to address these concerns with Nasdaq by May 9, 2025, although there is no assurance of a favorable outcome.