LogicMark Q3 revenue $2.4M, gross margin 67%, net loss narrows to $1.5M

LogicMark, Inc.

2023-Q3 EPS reported -$4.73 revenue$7,503,940

Revenue $2.4M vs $2.8M prior year; gross margin improved to 67% from 62% on supply chain gains.
Net loss attributable to common shareholders $1.5M ($1.10 diluted EPS) vs $2.2M ($4.53) in prior year.
Cash and equivalents $6.7M at Sep 30, 2023, down from $7.0M at Dec 2022.
Freedom Alert Plus PERS shipments underway; new PERS device expected to launch in Q4 2023.
Board expanded to six members with two new appointments, adding hardware and software expertise.

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 0.95

LogicMark, Inc. reported third quarter ended September 30, 2023 results: revenue Revenues were $2.4 million, net income Net loss attributable to common shareholders for the third quarter was $1.5 million, EPS On a fully diluted basis, the net loss per share was $1.10.

Period: third quarter ended September 30, 2023
Revenue: Revenues were $2.4 million
Net income: Net loss attributable to common shareholders for the third quarter was $1.5 million
EPS: On a fully diluted basis, the net loss per share was $1.10
Result: reported results

Exact text from the filing

Highlights: ● Gross margin percentage improved to 67% in the third quarter of 2023, a five percentage point increase compared to 62% for the prior year period. ● Revenues were $2.4 million, compared with $2.8 million for the prior year period. ● Overall operating expenses were 12% lower at $3.4 million compared with $3.8 million in the prior year period. ● Cash and

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LogicMark, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-087546

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