LogicMark, Inc. Reports Strong Third-Quarter 2024 Results Led by Double-Digit Growth in Year-Over-Year Sales and Gross Profit
LogicMark, Inc. (LGMK)
Company Research
Source: GlobeNewswire
LOUISVILLE, Ky., Nov. 12, 2024 (GLOBE NEWSWIRE) -- LogicMark, Inc.?(Nasdaq: LGMK), a provider of personal safety, emergency response systems (PERS), health communications devices, and technology for the growing care and safety economy, today announced financial results for the third quarter ended September 30, 2024. Financial and Operational Highlights: Revenues rose to $2.7 million in the third quarter of 2024, a 14% year-over-year increase.Gross profit increased to $1.8 million, a 13% increase over the third quarter of 2023.Gross margin was 67%, a level consistently maintained over the past six quarters.Overall operating expenses were $3.4 million, flat with the prior year period. Chia-Lin Simmons, Chief Executive Officer of LogicMark, commented, "I’m pleased to share that in the third quarter, we achieved significant revenue growth compared to last year while successfully maintaining strong gross margins. The recent addition of the Freedom Alert Mini to our PERS solutions line
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LGMK
News
- LGMK: New Freedom Alert Mini & Freedom Alert Max Expand Product Suite [Yahoo! Finance]Yahoo! Finance
- LogicMark Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- LogicMark, Inc. Announces Reverse Stock SplitsGlobeNewswire
- LogicMark Inc (LGMK) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic Expansions [Yahoo! Finance]Yahoo! Finance
- LogicMark, Inc. Reports Strong Third-Quarter 2024 Results Led by Double-Digit Growth in Year-Over-Year Sales and Gross Profit [Yahoo! Finance]Yahoo! Finance
LGMK
Earnings
- 11/12/24 - Beat
LGMK
Sec Filings
- 12/13/24 - Form S-3
- 12/6/24 - Form 8-K
- 12/3/24 - Form SC
- LGMK's page on the SEC website