LogicMark Q4 revenue up 13% to $2.4M; full year down 17% to $9.9M

LogicMark, Inc.

2024-Q1 EPS reported -$0.85 revenue$2,611,083

Q4 2023 revenue $2.4M (+13% YoY); gross profit $1.6M (+21%); gross margin 66.0% (+450 bps).
Full year 2023 revenue $9.9M (-17% YoY) due to prior-year 3G sunsetting sales; gross margin 67.1% (+640 bps).
Q4 net loss $1.73/share ex. non-cash charges (goodwill impairment $7.8M, deemed dividend $0.9M); $5.74/share including them.
Cash $6.4M at Dec 31, 2023 ($7.0M year-end 2022); launched Freedom Alert Plus, 4G Freedom Alert Mini, and Aster app in Q4/Q1 2024.

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 financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On April 18, 2024, LogicMark, Inc., a Nevada corporation (the “Company”), issued a press release announcing its financial and operational results for the fourth quarter and fiscal year ended December 31, 2023

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LogicMark, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-034588

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