earnings
confidence high
sentiment positive
materiality 0.60
LogicMark Q2 revenue up 21% to $3.4M; net loss flat at $1.2M
LogicMark, Inc.
2022-Q2 EPS reported
-$0.27
revenue$7,018,380
- Revenue $3.4M, up 21% YoY; YTD revenue up 34%.
- Gross margin 59% vs 61% a year ago; higher shipping costs and mix shift.
- Net loss $1.2M ($0.13/share) vs $1.2M ($0.22) in Q2 2021.
- Cash $11.1M, no debt; launched Direct-to-Consumer channel in July 2022.
- CEO highlights transformation into tech company for care economy.