LogicMark, Inc. Announces Third Quarter 2025 Results
Summary Highlights:
- Revenues increased 8% to
$2.9 million in the third quarter of 2025, compared with the comparable prior-year period. - Gross margin remained strong at 66%, relatively unchanged both on a year-over-year and year-to-date basis.
- Total cash operating expenses increased modestly by
$0.2 million or 5%, compared with the prior-year period. - Cash and investments totaled
$11.7 million as ofSeptember 30, 2025 , with no long-term debt. - Launched Medication Reminders and Activity Metrics on Freedom Alert Max, enabling caregivers to track health issues and powering AI-enabled proactive technology.
“From a product perspective, our technology has advanced through the integration of Medication Reminders and Proactive Activity Metrics features into our Freedom Alert Max combination PERS unit and cell phone. Collectively, these services advance our AI strategy — a platform that reflects each user’s real-world behaviors to identify potential concerning health patterns, risks, and falls, and to support proactive care interventions.
“Our recent national safety survey confirmed what we have always believed: when it comes to people you love, safety, simplicity, and real-time visibility are non-negotiable. These key principles are guiding our product roadmap and channel decisions and align with our mission to deepen value for seniors, caregivers, and our healthcare partners, including
Third Quarter 2025 Results
Revenue for the third quarter ended September 30, 2025, was $2.9 million, up 8% compared with
Gross profit in the third quarter of this year was
Total operating expenses were $3.7 million in the third quarter of 2025, up from
Net loss for the third quarter was $1.7 million, up slightly from the same period last year. On a fully diluted per share basis, the loss per share was
At the end of the third quarter of 2025, the Company reported cash and investments of
Investor Call and SEC Filings
Ms.
To listen to the live webcast, please visit the LogicMark Investor Relations website or use the link: https://edge.media-server.com/mmc/p/vutg6m9o
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The associated press release,
About
Following the recent reverse stock split, the Company is currently trading under the symbol LGMKD and expects to resume trading under LGMK upon FINRA’s completion of the symbol change process on or about
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to, among other things, the Company’s financial results for the third quarter of 2025 and related call and webcast, and the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the need and availability of financing; the Company’s ability to implement its long-range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the SEC. There can be no assurance that a broker will continue to make a market in the Company’s common stock or that trading of the common stock will continue on an over-the-counter market or elsewhere. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may differ materially from those described in this press release as intended, planned, anticipated, believed, estimated, or expected. Any forward-looking statement made by us in this press release is based on information currently available to us and speaks only as of the date on which it is made. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances, or assumptions underlying such statements, or otherwise.
Investor Relations Contact
investors@logicmark.com
CONDENSED BALANCE SHEETS (Unaudited) |
||||||||
2025 |
2024 |
|||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 4,117,556 | $ | 3,806,915 | ||||
| Investments | 7,568,066 | - | ||||||
| Accounts receivable, net | 8,261 | 4,355 | ||||||
| Inventory | 1,049,133 | 1,048,963 | ||||||
| Prepaid expenses and other current assets | 778,593 | 476,672 | ||||||
| Total Current Assets | 13,521,609 | 5,336,905 | ||||||
| Property and equipment, net | 67,161 | 112,605 | ||||||
| Right-of-use assets, net | 336,622 | 48,641 | ||||||
| Product development costs, net of amortization of |
1,166,823 | 1,384,172 | ||||||
| Software development costs, net of amortization of |
2,532,568 | 2,019,090 | ||||||
| 3,143,662 | 3,143,662 | |||||||
| Other intangible assets, net of amortization of |
1,604,915 | 2,176,262 | ||||||
| Total Assets | $ | 22,373,360 | $ | 14,221,337 | ||||
| Liabilities, Series C Redeemable Preferred Stock and Stockholders’ Equity | ||||||||
| Current Liabilities | ||||||||
| Accounts payable | $ | 657,755 | $ | 750,336 | ||||
| Accrued expenses | 1,248,937 | 1,053,301 | ||||||
| Deferred revenue | 501,573 | 225,195 | ||||||
| Total Current Liabilities | 2,408,265 | 2,028,832 | ||||||
| Other long-term liabilities | 323,429 | - | ||||||
| Total Liabilities | 2,731,694 | 2,028,832 | ||||||
| Commitments and Contingencies (Note 9) | ||||||||
| Series C Redeemable Preferred Stock | ||||||||
| Series C redeemable preferred stock, par value 1 share issued and outstanding as of aggregate liquidation preference of $2,000,000 as of respectively |
1,807,300 | 1,807,300 | ||||||
| Stockholders’ Equity | ||||||||
| Preferred stock, par value |
||||||||
| Series F preferred stock, par value 106,333 shares issued and outstanding as of respectively, aggregate liquidation preference of $319,000 as of |
319,000 | 319,000 | ||||||
| Series H preferred stock, par value 0 shares issued and outstanding as of and outstanding as of and |
- | 472,245 | ||||||
| Series I preferred stock, par value 0 shares issued and outstanding as of and outstanding as of |
- | - | ||||||
| Common stock, par value 768,407 and 3,198 issued and outstanding as of |
77 | - | ||||||
| Additional paid-in capital | 132,549,088 | 118,758,596 | ||||||
| Accumulated deficit | (115,033,799 | ) | (109,164,636 | ) | ||||
| Total Stockholders’ Equity | 17,834,366 | 10,385,205 | ||||||
| Total Liabilities, Series C Redeemable Preferred Stock and Stockholders’ Equity | $ | 22,373,360 | $ | 14,221,337 | ||||
CONDENSED STATEMENT OF OPERATIONS (Unaudited) |
||||||||||||||||
| For the Three Months Ended |
For the Nine Months Ended |
|||||||||||||||
| 2025 |
2024 |
2025 |
2024 |
|||||||||||||
| Revenues | $ | 2,915,081 | $ | 2,705,461 | $ | 8,360,116 | $ | 7,652,813 | ||||||||
| Costs of goods sold | 996,015 | 903,834 | 2,868,522 | 2,529,018 | ||||||||||||
| Gross Profit | 1,919,066 | 1,801,627 | 5,491,594 | 5,123,795 | ||||||||||||
| Operating Expenses | ||||||||||||||||
| Direct operating cost | 370,384 | 359,044 | 1,064,462 | 1,010,624 | ||||||||||||
| Advertising costs | 71,427 | 114,795 | 292,412 | 402,229 | ||||||||||||
| Selling and marketing | 852,298 | 599,306 | 2,072,646 | 1,792,337 | ||||||||||||
| Research and development | 161,441 | 96,650 | 455,045 | 404,108 | ||||||||||||
| General and administrative | 1,683,594 | 1,727,550 | 6,263,347 | 5,609,510 | ||||||||||||
| Other expense | 11,331 | 101,013 | 75,366 | 254,770 | ||||||||||||
| Depreciation and amortization | 504,955 | 402,821 | 1,498,426 | 1,126,346 | ||||||||||||
| Total Operating Expenses | 3,655,430 | 3,401,179 | 11,721,704 | 10,599,924 | ||||||||||||
| Operating Loss | (1,736,364 | ) | (1,599,552 | ) | (6,230,110 | ) | (5,476,129 | ) | ||||||||
| Other Income | ||||||||||||||||
| Interest income | 138,928 | 41,109 | 317,791 | 134,286 | ||||||||||||
| Other (expense) income | (28,069 | ) | 39,638 | 43,156 | 39,638 | |||||||||||
| Total Other Income | 110,859 | 80,747 | 360,947 | 173,924 | ||||||||||||
| Loss Before Income Taxes | (1,625,505 | ) | (1,518,805 | ) | (5,869,163 | ) | (5,302,205 | ) | ||||||||
| Income tax expense | - | - | - | - | ||||||||||||
| Net Loss | (1,625,505 | ) | (1,518,805 | ) | (5,869,163 | ) | (5,302,205 | ) | ||||||||
| Preferred stock dividends | (75,000 | ) | (75,000 | ) | (225,000 | ) | (225,000 | ) | ||||||||
| Net Loss Attributable to Common Stockholders | (1,700,505 | ) | (1,593,805 | ) | (6,094,163 | ) | (5,527,205 | ) | ||||||||
| Net Loss Attributable to Common Stockholders Per Share - Basic and Diluted |
$ | (2.21 | ) | $ | (3,732.56 | ) | $ | (11.98 | ) | $ | (25,123.66 | ) | ||||
| Weighted Average Number of Common Shares Outstanding - Basic and Diluted |
768,407 | 427 | 508,555 | 220 | ||||||||||||
Source: LogicMark, Inc.