secwatch.observer — SEC 8-K summary
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Issuer:     LogicMark, Inc. (LGMK)
CIK:        0001566826
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001213900-23-040052
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566826/000121390023040052/0001213900-23-040052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566826/000121390023040052/ea178668-8k_logicmark.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-040052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer