Welcome to our dedicated page for LogicMark news (Ticker: LGMK), a resource for investors and traders seeking the latest updates and insights on LogicMark stock.
LogicMark, Inc. (Nasdaq: LGMK) is a leading provider of personal emergency response systems (PERS), health communications devices, and innovative IoT technologies aimed at enhancing the well-being of individuals, particularly aging adults. Founded over 15 years ago, LogicMark revolutionized the PERS industry by incorporating two-way voice communication technology directly into its medical alert pendants, offering life-saving technology at an affordable price.
The company's core business revolves around creating a Connected Care Platform that enables individuals to receive care at home and maintain their independence. Their product lineup includes the acclaimed Freedom Alert Plus, a device with fall detection and Wi-Fi connectivity, and the new 4G Freedom Alert Mini, which offers GPS location services for on-the-go safety.
LogicMark's products are available through various channels, including the United States Veterans Health Administration, dealers, distributors, and direct-to-consumer sales. The company has secured a contract with the U.S. General Services Administration, allowing it to distribute products to federal, state, and local governments.
Recent financial reports highlight LogicMark's strong performance, with significant improvements in gross profit margins and a decrease in operating expenses. The company's strategic focus on supply chain efficiency and product innovation has driven these positive financial outcomes.
Under the leadership of CEO Chia-Lin Simmons, LogicMark continues to expand its product portfolio and enter new market verticals. The upcoming launch of the Aster software application, available on the Apple and Google Play Stores, exemplifies their commitment to leveraging AI and machine learning to enhance the quality of life for users.
With a mission to let people of all ages lead a life with dignity, independence, and the joy of possibility, LogicMark is dedicated to building a 'Care Village' that supports users' safety, connectivity, and well-being through cutting-edge technology and user-centric solutions.
LogicMark (LGMK) has implemented a Shareholder Rights Agreement with Nevada Agency and Transfer Company in response to Winvest Investment Fund's recent actions. This decision follows Winvest's claim of owning approximately 67% of LogicMark's common stock and its attempt to change company bylaws and board composition. LogicMark disputes Winvest's ownership claims and states their actions violate state and federal laws. The Rights Agreement includes a 'poison pill' provision triggered when any entity acquires 15% or more of outstanding shares, aiming to protect shareholder value while maintaining flexibility for Board-approved partnerships or acquisitions.
LogicMark (NASDAQ: LGMK) will release its third quarter 2024 financial results on November 12, 2024, after market close. CEO Chia-Lin Simmons and CFO Mark Archer will host an investor call and webcast at 1:30 PM PST / 4:30 PM EST on the same day. The company, which provides emergency response systems and health communications devices, will make the results available through their investor relations website. Investors can participate via conference call using toll-free (800) 715-9871 or toll (646) 307-1963 with Conference ID: 7663305.
LogicMark, Inc. (Nasdaq: LGMK) reported its Q2 2024 financial results, showing slight revenue growth to $2.3 million. The company's gross margin decreased to 67% from 69% in Q2 2023. Operating expenses reduced by 6% to $3.6 million. The net loss per share improved to $0.96 from $1.83 in the same period last year. LogicMark's cash balance as of June 30, 2024, was $3.0 million.
The company has expanded its product line to include five hardware products with advanced features like fall detection and geo-fencing. LogicMark's intellectual property portfolio has grown, with 14 patents filed since June 2021. The company is focusing on the growing personal safety and elder care markets, leveraging trends such as aging in place and increased demand for healthcare workers.
LogicMark, Inc. (Nasdaq: LGMK), a provider of personal emergency response systems and health communications devices, has announced the closing of a $4.5 million public offering priced at-the-market. The offering consisted of 9,670,000 units, each priced at $0.4654 and comprising one share of common stock (or pre-funded warrant), one Series A warrant, and one Series B warrant. Both warrant series are exercisable at $0.4654 per share, with Series A expiring in 5 years and Series B in 2.5 years from issuance. The company plans to use the net proceeds for working capital and general corporate purposes. Roth Capital Partners acted as the exclusive placement agent for this offering.
LogicMark Inc (Nasdaq: LGMK) has announced the pricing of a $4.5 million public offering and scheduled a special stockholder meeting for October 1, 2024. The offering consists of 9,670,000 units priced at $0.4654 each, with each unit including one share of common stock (or pre-funded warrant), one Series A warrant, and one Series B warrant. The company plans to use the net proceeds for working capital and general corporate purposes. The offering is expected to close on August 5, 2024.
The special stockholder meeting will seek approval for a reverse stock split and the issuance of 20% or more of common shares related to the offering, aiming to maintain compliance with Nasdaq listing requirements. Stockholders of record as of August 5, 2024, will be eligible to vote.
LogicMark, Inc. (NASDAQ: LGMK), a provider of personal emergency response systems and health communications devices, has announced it will release its Q2 2024 financial results on August 13, 2024, after market close. CEO Chia-Lin Simmons and CFO Mark Archer will host a live investor call and webcast at 1:30 PM PDT / 4:30 PM EDT on the same day to review the results.
Investors can participate in the conference call by registering for dial-in details. The live webcast will be available on LogicMark's Investor Relations website. Press release, SEC filings, and webcast replay will also be accessible on the investor relations website.
LogicMark (Nasdaq: LGMK), a provider of personal emergency response systems and health communications devices, has announced its participation in the upcoming Virtual Emerging Growth Conference on July 17, 2024. CEO Chia-Lin Simmons will present at 12:05 pm PDT / 3:05 pm EDT.
The company invites investors, advisors, and analysts to attend the real-time virtual presentation. Registration is required to participate and receive updates. An archived webcast will be available on LogicMark's website, EmergingGrowth.com, and the Emerging Growth YouTube Channel for those unable to attend live.
This presentation offers an opportunity for stakeholders to gain insights into LogicMark's operations and growth strategies in the expanding care economy sector.
LogicMark, a provider of personal emergency response systems (PERS) and health communications devices, announced that its CEO, Ms. Chia-Lin Simmons, will present at the Virtual Emerging Growth Conference on June 12, 2024.
The presentation is scheduled for 8:25 am PDT / 11:25 pm EDT. Investors, advisors, and analysts are invited to attend the virtual event.
Participants can register for the event via the provided link. An archived webcast will be available on LogicMark's website, EmergingGrowth.com, and the Emerging Growth YouTube Channel.
LogicMark, Inc., a provider of personal emergency response systems and health communications devices, will have its CEO and CFO speak at Aegis Capital Corp. Virtual Conference on May 9, 2024. The conference aims to showcase the company's role in the care economy sector.
LogicMark, Inc., a provider of personal emergency response systems and health communication devices, will have its CEO, Ms. Chia-Lin Simmons, speak at the Virtual Emerging Growth Conference on May 8, 2024. The company extends an invitation to investors, advisors, and analysts to attend the real-time presentation. The event will be available for live viewing and access to an archived webcast post-event.
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