earnings
confidence high
sentiment negative
materiality 0.55
LogicMark Q2 2024 rev $2.3M, net loss $0.96/shr; raises ~$4.5M in offering
LogicMark, Inc.
2024-Q2 EPS reported
-$1.81
revenue$4,947,351
- Revenue $2.3M, up slightly YoY; gross margin 67% vs 69%.
- Net loss $2.1M ($0.96 per share) vs $2.3M ($1.83 per share) prior year.
- Cash balance $3.0M as of June 30, 2024.
- Subsequent public offering closed Aug 5, 2024, gross proceeds ~$4.5M.
- IP portfolio: 14 patents filed since June 2021; five hardware products.