---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-024181"
form_type: "8-K"
ticker: "LGMK"
cik: "0001566826"
company_name: "LogicMark, Inc."
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T10:24:07.411055+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LogicMark reports FY2022 revenue up 19% to $11.9M; net loss narrows to $7.3M

## Summary
- Revenue $11.9M (+19% YoY); gross margin 60.7% (+300 bps).
- Net loss $7.3M vs $14.0M in 2021; EPS loss $0.76 vs $2.25.
- Cash $7.0M at year-end; raised $5.2M in Jan 2023 offering.
- Appointed Brady Farrell VP Sales, Garett Hunter SVP Marketing.
- Stockholders approved reincorporation to Nevada and reverse stock split.

## SEC filing metadata
- accession: 0001213900-23-024181
- form_type: 8-K
- ticker: LGMK
- cik: 0001566826
- company_name: LogicMark, Inc.
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566826/000121390023024181/0001213900-23-024181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566826/000121390023024181/ea176007-8k_logicmark.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-024181
- JSON: https://secwatch.observer/filing/0001213900-23-024181.json
- Plain text: https://secwatch.observer/filing/0001213900-23-024181.txt

## Key facts
- Earnings Releases
  LogicMark, Inc. reported the year ended December 31, 2022 results: revenue $11.9 million, net income $7.3 million, EPS $0.76 per share.
  - Period: the year ended December 31, 2022
  - Revenue: $11.9 million
  - Net income: $7.3 million
  - EPS: $0.76 per share
  - Result: reported results
  source text: Revenue for the year ended December 31, 2022, was $11.9 million, up 19% from the prior year. The increase in revenues resulted from improved sales to VA hospitals and clinics. Gross profit was $7.2 million for the year ended December 31, 2022, versus $5.8 million in 2021, an increase of 25%. Gross margin increased 300 bps to 60.7% from 57.7% in the prior year. Gross profit increased as a result of higher revenues and lower inbound freight costs. Total operating expenses increased 6% in fiscal year 2022, totaling $14.1 million compared to $13.3 million in fiscal 2021. Fiscal 2021 results included a $4.5 million charge for goodwill impairment. Net loss attributable to common shareholders for the year was $7.3 million versus a net loss of $14.0 million in fiscal 2021, an improvement of $6.8 million. The results for the year ended December 31, 2021 included $2.9 million in warrant modification expense. Net loss per share improved from a loss of $2.25 per share in the year ended 2021 to a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1566826/000121390023024181/0001213900-23-024181-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.