LogicMark Inc
NASDAQ:LGMK
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LogicMark Inc
NASDAQ:LGMK
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LogicMark Inc
LogicMark, Inc. provides technology products and services for healthcare applications that enable the Internet of Things (IoT). The company is headquartered in Louisville, Kentucky and currently employs 19 full-time employees. The company went IPO on 2013-08-02. The firm provides technology products and services for healthcare applications. The firm operates in hardware and software security systems and applications. The firm is engaged in the development of products and solutions, including the security, healthcare, financial technology and the Internet of Things (IoT) markets. The firm also manufactures and distributes non-monitored and monitored personal emergency response systems (PERS), health communications devices and IoT technologies that are sold through healthcare durable medical equipment dealers and distributors and monitored security dealers and distributors. PERS devices are used to call for help at home and medical care during an emergency. The company is a way voice communication technology that is incorporated into medical alert pendant for remote monitoring. These devices are also used by a range of patient pool, as well as the general population.
LogicMark, Inc. provides technology products and services for healthcare applications that enable the Internet of Things (IoT). The company is headquartered in Louisville, Kentucky and currently employs 19 full-time employees. The company went IPO on 2013-08-02. The firm provides technology products and services for healthcare applications. The firm operates in hardware and software security systems and applications. The firm is engaged in the development of products and solutions, including the security, healthcare, financial technology and the Internet of Things (IoT) markets. The firm also manufactures and distributes non-monitored and monitored personal emergency response systems (PERS), health communications devices and IoT technologies that are sold through healthcare durable medical equipment dealers and distributors and monitored security dealers and distributors. PERS devices are used to call for help at home and medical care during an emergency. The company is a way voice communication technology that is incorporated into medical alert pendant for remote monitoring. These devices are also used by a range of patient pool, as well as the general population.
Revenue: Q4 revenue was $3.1 million, up 36% year‑over‑year; full‑year revenue was $11.4 million, up 15% from 2024.
Profitability: Q4 gross profit rose to $2.1 million and gross margin improved to 69.8%; full‑year gross margin was 66.8%.
Losses Narrowing: Q4 net loss improved to $1.6 million (from $3.7M a year earlier); full‑year net loss improved to $7.5 million (from $9.0M).
Cash & Debt: Year‑end cash and investments were $9.5 million with no long‑term debt and $9.7 million in net working capital.
Guidance: Management expects Q1 2026 revenue to be up in the 10%–15% range versus Q1 2025.
Strategy Shift: Company is evolving from hardware to a software‑defined connected care platform, emphasizing subscriptions, bundled monitored services and IP licensing.
Product Roadmap: New wearable watch planned for Q3 2026 and a connected home hub is in beta testing with senior living partners.
IP Focus: Management highlighted a growing patent portfolio ("more than 45" issued or pending) including a patent on the CAMP architecture supporting their CPaaS.
