LogicMark, Inc.
LogicMark, Inc. (LGMK) Financial Performance & Income Statement Overview
Analyze LogicMark, Inc. (LGMK) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
LogicMark, Inc. (LGMK) Income Statement & Financial Overview
Analyze LogicMark, Inc.’s LGMK earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $2.59M | $2.25M | $2.71M | $2.34M |
| Cost of Revenue | $946597.00 | $756976.00 | $903834.00 | $781318.00 |
| Gross Profit | $1.65M | $1.49M | $1.80M | $1.55M |
| Gross Profit Ratio | $0.63 | $0.66 | $0.67 | $0.67 |
| R&D Expenses | $155489.00 | $154513.00 | $96650.00 | $133556.00 |
| SG&A Expenses | $2.79M | $2.66M | $2.44M | $2.72M |
| Operating Expenses | $3.06M | $3.69M | $3.40M | $2.86M |
| Total Costs & Expenses | $4.009M | $4.44M | $4.31M | $4.41M |
| Interest Income | $45213.00 | $26378.00 | $41109.00 | $32025.00 |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $499425.00 | $484081.00 | $402821.00 | $377974.00 |
| EBITDA | -$1.69M | -$1.71M | -$1.20M | -$1.69M |
| EBITDA Ratio | -$0.65 | -$0.76 | -$0.44 | -$0.72 |
| Operating Income | -$1.42M | -$2.19M | -$1.60M | -$2.07M |
| Operating Income Ratio | -$0.55 | -$0.98 | -$0.59 | -$0.89 |
| Other Income/Expenses (Net) | -$773465.00 | -$1.50M | $80747.00 | $32025.00 |
| Income Before Tax | -$2.19M | -$3.69M | -$1.52M | -$2.04M |
| Income Before Tax Ratio | -$0.85 | -$1.64 | -$0.56 | -$0.87 |
| Income Tax Expense | $75000.00 | $9946.00 | $0.00 | $0.00 |
| Net Income | -$2.27M | -$3.70M | -$1.52M | -$2.04M |
| Net Income Ratio | -$0.87 | -$1.65 | -$0.56 | -$0.87 |
| EPS | -$0.12 | -$5.83 | -$5.25 | -$0.93 |
| Diluted EPS | -$0.12 | -$5.83 | -$4.98 | -$0.93 |
| Weighted Avg Shares Outstanding | $18.18M | $634970.00 | $303761.00 | $2.19M |
| Weighted Avg Shares Outstanding (Diluted) | $18.18M | $634970.00 | $319822.00 | $2.19M |
Over the past four quarters, LogicMark, Inc. demonstrated steady revenue growth, increasing from $2.34M in Q2 2024 to $2.59M in Q1 2025. Operating income reached -$1.42M in Q1 2025, maintaining a consistent -55% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at -$1.69M, reflecting operational efficiency. Net income rose to -$2.27M, with EPS at -$0.12. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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