LogicMark reports Q1 revenue $2.8M, net loss $1.9M; gross margin expands to 66.3%

LogicMark, Inc.

2023-Q1 EPS reported -$1.92 revenue$2,809,717

Revenue $2.8M (up 31% QoQ, down 23% YoY); gross profit $1.9M; gross margin 66.3% (+600 bps YoY).
Net loss attributable to common $1.9M; EPS loss $1.92 (vs $2.89 loss per share YoY).
Cash $9.8M at Mar 31, 2023 (up from $7.0M at Dec 31, 2022); raised $5.2M in Jan 2023 public offering.
Launched Amazon store and partnered with US Monitoring for 24/7 subscription monitoring services.
Executed 1-for-20 reverse stock split in April 2023, regaining Nasdaq compliance.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LogicMark, Inc. reported the quarter ended March 31, 2023 results: revenue $2.8 million, net income $1.9 million.

Period: the quarter ended March 31, 2023
Revenue: $2.8 million
Net income: $1.9 million
Result: reported results

Exact text from the filing

Revenue for the quarter ended March 31, 2023 was $2.8 million

View on SEC.gov

Browse all earnings releases →

LogicMark, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-040052

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.