LogicMark (LGMK) AI Stock Analysis

• Market Cap: $1.90M
• Dividend Yield: N/A
• Average Volume (3M): 332.79M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.37
• Revenue Growth: 6.77%
• EPS Growth: 97.28%
• Country: US
• Employees: 31
• Sector: Healthcare
• Sector Strength: 45
• 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): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: -4.36
• Enterprise Value/Revenue: -0.80
• Enterprise Value/Gross Profit: -1.21
• Enterprise Value/Ebitda: 1.33
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: $0.00 ▼(-100.00% Downside)

LogicMark's overall stock score reflects significant financial and operational challenges, particularly in profitability and cash flow. The recent delisting and move to OTC markets add to investor uncertainty. Despite these issues, the company shows potential with strong revenue growth and strategic initiatives, but risks remain high.

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's financial performance shows significant challenges with profitability and cash flow. Despite a modest revenue growth and strong gross margins, the company struggles with negative net profit margins and cash flow issues. The low debt levels provide some stability, but operational inefficiencies need addressing.

Income Statement

LogicMark's income statement shows a mixed performance. The company has experienced a modest revenue growth rate of 5.23% in the TTM period. However, profitability remains a significant issue, with negative net profit margins (-96.38%) and EBIT margins (-59.35%). The gross profit margin is relatively healthy at 65.71%, indicating efficient cost management at the production level, but the high operating losses suggest challenges in managing other operational expenses.

Balance Sheet

The balance sheet reflects a strong equity position with a very low debt-to-equity ratio of 0.14%, indicating minimal leverage and financial risk. However, the return on equity is negative (-62.32%), highlighting the company's struggle to generate profits from its equity base. The equity ratio is not provided, but the overall low debt levels suggest a stable financial structure.

Cash Flow

Cash flow analysis reveals ongoing challenges. The company has a negative free cash flow growth rate of -7.04% in the TTM period, and both operating and free cash flows are negative. The operating cash flow to net income ratio is -2.21, indicating that the company is not generating sufficient cash from its operations to cover its net losses. The free cash flow to net income ratio is positive at 1.27, suggesting some efficiency in converting net income into free cash flow, despite the negative figures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.40M	9.90M	9.93M	11.92M	10.02M	11.44M
Gross Profit	6.87M	6.62M	6.66M	7.23M	5.68M	8.20M
EBITDA	-6.24M	-6.06M	-6.65M	-6.10M	-2.24M	241.58K
Net Income	-9.54M	-9.00M	-14.55M	-6.92M	-11.71M	-2.86M
Balance Sheet
Total Assets	23.45M	14.22M	17.02M	25.64M	30.12M	26.95M
Cash, Cash Equivalents and Short-Term Investments	12.98M	3.81M	6.40M	6.98M	12.04M	4.39M
Total Debt	43.71K	51.84K	120.16K	69.40K	64.35K	10.65M
Total Liabilities	2.25M	2.03M	2.10M	2.85M	1.73M	15.98M
Stockholders Equity	21.20M	12.19M	14.91M	22.79M	28.40M	10.97M
Cash Flow
Free Cash Flow	-5.68M	-5.72M	-5.69M	-4.92M	-5.91M	-412.96K
Operating Cash Flow	-4.30M	-4.25M	-4.32M	-3.61M	-5.91M	-412.96K
Investing Cash Flow	-9.50M	-1.46M	-1.37M	-1.31M	0.00	0.00
Financing Cash Flow	15.85M	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
REZI	75 Outperform	6.03B	-7.56	-29.69%	―	20.00%	-547.75%
NSSC	73 Outperform	1.55B	36.51	25.74%	1.23%	-3.81%	-11.48%
MG	67 Neutral	304.97M	26.49	5.29%	―	-4.51%	―
EVLV	61 Neutral	1.42B	-14.55	-45.91%	―	35.63%	-335.37%
UUU	54 Neutral	16.49M	5.32	―	―	28.01%	―
LGMK	47 Neutral	$1.90M	―	-57.40%	―	6.77%	97.28%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

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.