LOGICMARK INC Stock Price, News & Analysis

LogicMark (OTC: LGMK), a provider of personal emergency response systems (PERS) and safety technology, reported strong Q2 2025 financial results. The company achieved revenue of $2.9 million, up 22% year-over-year, driven by sales of Freedom Alert Mini and Guardian Alert 911 Plus units. Gross profit increased 24% to $1.9 million, with improved gross margins of 67.5%.

The company maintained a strong financial position with $13.0 million in cash and investments and no long-term debt, following a successful $14.4 million public offering. LogicMark completed its transition to the OTC market and expanded its sales organization to accelerate B2B growth. Despite the revenue growth, the company reported a net loss of $2.1 million for the quarter, with operating expenses increasing 12% to $4.1 million due to sales team expansion and higher consulting fees.

[ "Revenue growth of 22% year-over-year to $2.9 million", "Gross profit increased 24% to $1.9 million with improved margins of 67.5%", "Strong liquidity position with $13.0 million in cash and no long-term debt", "Successful capital raise of $14.4 million through public offering" ]

LogicMark (OTC: LGMK), a provider of emergency response systems and health communications devices, has scheduled its Q2 2025 earnings announcement for August 12, 2025, after market close.

The company will host a live investor conference call and webcast at 1:30 PM PDT / 4:30 PM EDT on the same day. CEO Chia-Lin Simmons and CFO Mark Archer will lead the presentation and review the quarterly results. Investors can access the webcast through LogicMark's Investor Relations website or participate in the live call by registering through the provided link.

LogicMark (LGMK) has appointed Jeffrey Durkin as Senior Vice President of Sales, effective June 23, 2025. Durkin brings extensive experience from roles at InfoMC, Casenet, InstaMed, HMS, and Allscripts, holding an MBA from Anna Maria College. In his new position, he will lead LogicMark's sales team to drive growth in the care economy and personal safety market. The company, which provides personal emergency response systems (PERS) and health communication devices, sees this appointment as strategic to expand their customer base. CEO Chia-Lin Simmons highlighted that Durkin's healthcare sales experience and track record in care management technology will support their growth initiatives, building on their refreshed hardware and software solutions, expanded IP library, and recent capital raise.

LogicMark (LGMK), a provider of personal emergency response systems and health communication devices, announced its transition from Nasdaq to OTC Markets trading due to non-compliance with Nasdaq's $1.00 minimum bid price requirement. Despite the delisting, CEO Chia-Lin Simmons highlighted the company's strong financial position with $15 million in cash and short-term investments as of Q1, emphasizing their ability to maintain access to public capital markets. The company will continue as a reporting entity under the Securities Exchange Act of 1934, maintaining transparency through financial and operational disclosures while evaluating various OTC Market tiers and a potential future return to a national exchange.

LogicMark announced key changes to its Board committee assignments, strengthening its leadership in the personal emergency response systems and care technology sector. Carine Schneider, former President of Nasdaq Private Market, has been appointed Board Chair, bringing expertise in AI and blockchain technology.

The Board comprises four independent directors and the CEO, with specialized committees including Audit, Compensation, and Nominating and Corporate Governance. Notable appointments include John Pettitt (Google technology leader) as Chair of Nominating Committee, Robert Curtis as Compensation Committee Chair, and Barbara Gutierrez (Modivcare CFO) continuing as Audit Committee Chair.

Under CEO Chia-Lin Simmons, LogicMark is evolving into a technology platform focused on AI and machine learning. The company's innovation is evidenced by new solutions like Freedom Alert Max and Aster App, supported by a growing patent portfolio of 37 patents, with 23 issued and 17 filed since 2021.

LogicMark (NASDAQ: LGMK) has received U.S. General Services Administration (GSA) approval for its new Freedom Alert Max medical alert device, enabling procurement by agencies including the Veterans Administration (VA). This expands LogicMark's 17-year relationship with the federal government as an approved vendor.

The Freedom Alert Max combines medical alert functionality with cell phone technology, featuring advanced capabilities including: AI-powered fall detection, 4G LTE connectivity, GPS location services, customizable geofencing, and 24/7 U.S.-based professional monitoring. The device also offers two-way communication, emergency video capability, and integration with the Care Village Caregiver app.

The system will be available through VA hospitals, pharmacies, outpatient clinics, community health centers, and direct-to-consumer channels.

LogicMark (NASDAQ: LGMK) has closed a public offering raising $14.4 million in gross proceeds. The offering consisted of 2,260,000 units and 22,146,750 pre-funded units, priced at $0.59 and $0.589 per unit respectively. Each unit includes one share of common stock (or pre-funded warrant), plus Series C and Series D warrants.

The Series C warrants are exercisable at $0.59 per share with a 5-year term, while Series D warrants are exercisable at $0.885 per share with a 2.5-year term. Both warrant series require stockholder approval and possible charter amendments before exercise. The company plans to use the proceeds for sales and marketing of products, working capital, and general corporate purposes.

LogicMark (NASDAQ: LGMK) has announced the pricing of a $14.4 million public offering, consisting of 2,260,000 units and 22,146,750 pre-funded units at $0.59 per share. Each unit includes one share of common stock (or pre-funded warrant), plus Series C and D warrants to purchase additional shares.

The Series C warrants are exercisable at $0.59 per share with a 5-year expiration, while Series D warrants are exercisable at $0.885 per share with a 2.5-year expiration. Both warrant series require stockholder approval before exercise.

The company plans to use proceeds for sales and marketing of products, working capital, and general corporate purposes. A special stockholder meeting is scheduled for March 24, 2025, to approve a reverse stock split, the issuance of shares related to the offering, and an increase in authorized capital stock.

LogicMark (NASDAQ: LGMK) has launched the next generation of its Guardian Alert 911 Plus, a personal emergency response device featuring enhanced capabilities. The updated version includes fall detection technology, 4G LTE connectivity, and a more compact design.

Key features include built-in fall detection, direct-to-911 calling with two-way communication, no monthly fees, up to 6 days of battery life, water resistance, and over-the-air updates. The device automatically contacts emergency services when a fall is detected, even if the user cannot press the button.

The company emphasizes affordability and accessibility by eliminating subscription fees, addressing a market gap for aging adults who need critical safety technology. The device is available for presale on LogicMark's website and through their GSA contract for government buyers.