secwatch.observer — SEC 8-K summary
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Issuer:     LogicMark, Inc. (LGMK)
CIK:        0001566826
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001213900-24-034588
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1566826/000121390024034588/0001213900-24-034588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1566826/000121390024034588/ea0204255-8k_logicmark.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-034588

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