LogicMark, Inc. (LGMK) 10-Year Financial Performance & Capital Metrics

LGMK • • Industrial / General

IndustrialsSecurity ServicesBiometric & Identity SolutionsDigital Identity & Tracking

AboutLogicMark, Inc. offers personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company, through its subsidiary, LogicMark LLC, manufactures and distributes non-monitored and monitored personal emergency response systems sold through healthcare durable medical equipment and monitored security dealers/distributors, and the United States Department of Veterans Affairs. The company was formerly known as Nxt-ID, Inc. and changed its name to LogicMark, Inc. in March 2022. LogicMark, Inc. was founded in 2006 and is based in Louisville, Kentucky.Show more

Revenue $10M -0.3%
EBITDA -$6M +57.9%
Net Income -$9M +38.1%
EPS (Diluted) -14.65 -25.6%
Gross Margin 66.81% -0.4%
EBITDA Margin -61.2% +57.7%
Operating Margin -77.47% +49.8%
Net Margin -90.93% +37.9%
ROE -66.44% +13.9%
ROIC -67.4% +28.1%
Debt/Equity 0.00 -47.2%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 99 (top 1%)
✓Share count reduced 53.1% through buybacks
✓Trading at only 0.0x book value

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 10.4% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-10.39%

3Y-0.4%

TTM5.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM32.58%

EPS CAGR

10Y-

5Y-

3Y-

TTM36.96%

ROCE

10Y Avg-86.02%

5Y Avg-39.38%

3Y Avg-54.44%

Latest-56.49%

Peer Comparison

Digital Identity & Tracking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SPCBSuperCom Ltd.	38.83M	8.29	21.82	4.01%	13.44%	10%		2.63
LGMKLogicMark, Inc.	652.37K	0.72	-0.05	-0.28%	-90.92%	-49.11%		0.00
VRMEVerifyMe, Inc.	17.54M	1.41	-3.81	-4.37%	-21.78%	-42.5%	1.98%	0.22

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	616.85K	7.74M	23.32M	17.12M	17.14M	11.44M	10.02M	11.92M	9.93M	9.9M
Revenue Growth %	-	11.54%	2.01%	-0.27%	0%	-0.33%	-0.12%	0.19%	-0.17%	-0%
Cost of Goods Sold+	1.82M	4.43M	11.69M	4.8M	4.37M	3.24M	4.24M	4.69M	3.27M	3.29M
COGS % of Revenue	2.96%	0.57%	0.5%	0.28%	0.25%	0.28%	0.42%	0.39%	0.33%	0.33%
Gross Profit+	-1.21M	3.3M	11.63M	12.31M	12.77M	8.2M	5.79M	7.23M	6.66M	6.62M
Gross Margin %	-1.96%	0.43%	0.5%	0.72%	0.75%	0.72%	0.58%	0.61%	0.67%	0.67%
Gross Profit Growth %	-	3.74%	2.52%	0.06%	0.04%	-0.36%	-0.29%	0.25%	-0.08%	-0.01%
Operating Expenses+	9.72M	10.01M	15.27M	11.73M	10.19M	8.79M	13.33M	14.14M	21.99M	14.29M
OpEx % of Revenue	15.75%	1.29%	0.65%	0.69%	0.59%	0.77%	1.33%	1.19%	2.21%	1.44%
Selling, General & Admin	6.99M	9.12M	13.6M	10.96M	8.98M	7.68M	6.14M	10.24M	10.96M	10.46M
SG&A % of Revenue	11.33%	1.18%	0.58%	0.64%	0.52%	0.67%	0.61%	0.86%	1.1%	1.06%
Research & Development	2.73M	888.19K	1.67M	761.72K	1.21M	1.11M	932.6K	1.24M	982.68K	558.62K
R&D % of Revenue	4.42%	0.11%	0.07%	0.04%	0.07%	0.1%	0.09%	0.1%	0.1%	0.06%
Other Operating Expenses	0	0	0	0	0	0	6.26M	2.66M	10.05M	3.27M
Operating Income+	-10.92M	-6.71M	-3.64M	587.49K	2.58M	-586.08K	-7.55M	-6.91M	-15.33M	-7.67M
Operating Margin %	-17.71%	-0.87%	-0.16%	0.03%	0.15%	-0.05%	-0.75%	-0.58%	-1.54%	-0.77%
Operating Income Growth %	-1.08%	0.39%	0.46%	1.16%	3.39%	-1.23%	-11.88%	0.08%	-1.22%	0.5%
EBITDA+	-10.74M	-6.13M	-2.72M	1.49M	3.41M	241.58K	-6.76M	-6.08M	-14.38M	-6.06M
EBITDA Margin %	-17.41%	-0.79%	-0.12%	0.09%	0.2%	0.02%	-0.67%	-0.51%	-1.45%	-0.61%
EBITDA Growth %	-1.05%	0.43%	0.56%	1.55%	1.29%	-0.93%	-28.97%	0.1%	-1.37%	0.58%
D&A (Non-Cash Add-back)	183.2K	579.24K	921.48K	905.75K	835.91K	827.66K	791.02K	828.14K	944.6K	1.61M
EBIT	-11.82M	-9.28M	-691.56K	587.49K	319.02K	-586.08K	-3.03M	-6.91M	-7.51M	-7.67M
Net Interest Income+	-1.25M	-3.28M	-7.7M	-2.97M	-3.02M	-2.25M	-1.42M	119.48K	221.87K	160.66K
Interest Income	727	23	0	0	0	0	0	119.48K	221.87K	160.66K
Interest Expense	1.25M	3.28M	7.74M	2.97M	3.02M	2.25M	1.42M	0	0	0
Other Income/Expense	-2.15M	-5.85M	-6.24M	-1.88M	-5.28M	-2.25M	-3.96M	119.48K	468.01K	-1.32M
Pretax Income+	-13.07M	-12.56M	-9.88M	-1.29M	-2.7M	-2.84M	-11.5M	-6.79M	-14.86M	-8.99M
Pretax Margin %	-21.19%	-1.62%	-0.42%	-0.08%	-0.16%	-0.25%	-1.15%	-0.57%	-1.5%	-0.91%
Income Tax+	4.31K	196.03K	-1.61M	34.32K	-332.57K	24.89K	204.27K	137.96K	-309.85K	9.95K
Effective Tax Rate %	1%	1.02%	0.84%	5.48%	4.36%	1.01%	1.02%	1.02%	0.98%	1%
Net Income+	-13.08M	-12.75M	-8.26M	-7.09M	-11.79M	-2.86M	-11.71M	-6.92M	-14.55M	-9M
Net Margin %	-21.2%	-1.65%	-0.35%	-0.41%	-0.69%	-0.25%	-1.17%	-0.58%	-1.47%	-0.91%
Net Income Growth %	-0.85%	0.02%	0.35%	0.14%	-0.66%	0.76%	-3.09%	0.41%	-1.1%	0.38%
Net Income (Continuing)	-13.08M	-12.75M	-8.55M	-1.33M	-2.37M	-2.86M	-11.71M	-6.92M	-14.55M	-9M
Discontinued Operations	0	0	284.26K	0	-9.42M	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-964.73	-413.24	-129.02	-57.73	-16.49	-17.58	-37.12	-14.47	-11.66	-14.65
EPS Growth %	-0.56%	0.57%	0.69%	0.55%	0.71%	-0.07%	-1.11%	0.61%	0.19%	-0.26%
EPS (Basic)	-964.73	-413.24	-129.02	-57.73	-16.49	-17.58	-37.12	-14.47	-11.66	-14.65
Diluted Shares Outstanding	13.55K	30.86K	64.06K	122.81K	143.59K	162.95K	315.39K	478.7K	1.35M	634.97K
Basic Shares Outstanding	13.55K	30.86K	64.06K	122.81K	143.59K	162.95K	315.39K	478.7K	1.35M	634.97K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.76M	11.25M	12M	3.4M	3.36M	5.89M	14.44M	9.53M	8.05M	5.34M
Cash & Short-Term Investments	418.99K	3.3M	5.64M	425.19K	1.59M	4.39M	12.04M	6.98M	6.4M	3.81M
Cash Only	418.99K	3.3M	5.64M	425.19K	1.59M	4.39M	12.04M	6.98M	6.4M	3.81M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	1.22M	382.28K	247.02K	38.53K	133.72K	98.75K	402.6K	13.65K	4.36K
Days Sales Outstanding	-	57.5	5.98	5.27	0.82	4.27	3.6	12.33	0.5	0.16
Inventory	1.77M	5.34M	3.06M	870.51K	1.3M	767.35K	1.24M	1.76M	1.48M	1.05M
Days Inventory Outstanding	353.82	439.62	95.57	66.14	108.89	86.39	106.59	136.73	164.92	116.52
Other Current Assets	1.53M	40.37K	4.47M	1.41M	150.13K	150.13K	210.13K	59.99K	160.18K	476.67K
Total Non-Current Assets+	373.21K	24.15M	36.24M	34.66M	21.68M	21.05M	15.68M	16.11M	8.97M	8.88M
Property, Plant & Equipment	373.21K	379.73K	316.64K	145.36K	203.56K	335.99K	248.31K	437.94K	317.09K	161.25K
Fixed Asset Turnover	1.65x	20.37x	73.64x	117.76x	84.19x	34.06x	40.36x	27.21x	31.31x	61.41x
Goodwill	0	15.48M	24.6M	15.48M	15.48M	15.48M	10.96M	10.96M	3.14M	3.14M
Intangible Assets	0	8.29M	11.33M	6.76M	6M	5.24M	4.48M	4.06M	5.51M	5.58M
Long-Term Investments	0	0	-14.1M	-1.12M	20.87M	0	0	0	0	0
Other Non-Current Assets	0	0	12.95M	12.27M	-21.68M	0	0	646.64K	0	0
Total Assets+	5.13M	35.39M	48.24M	38.06M	25.05M	26.95M	30.12M	25.64M	17.02M	14.22M
Asset Turnover	0.12x	0.22x	0.48x	0.45x	0.68x	0.42x	0.33x	0.46x	0.58x	0.70x
Asset Growth %	0.4%	5.89%	0.36%	-0.21%	-0.34%	0.08%	0.12%	-0.15%	-0.34%	-0.16%
Total Current Liabilities+	4.25M	13.32M	10.68M	5.14M	5.67M	6.47M	1.34M	2.41M	2.05M	2.03M
Accounts Payable	1.33M	2.07M	903.05K	1.26M	2.12M	2.75M	492.43K	673.05K	901.62K	750.34K
Days Payables Outstanding	266.8	170.42	28.21	95.67	177	309.47	42.42	52.43	100.64	83.35
Short-Term Debt	1.8M	783.74K	266.2K	1.27M	2.06M	2.41M	0	0	0	0
Deferred Revenue (Current)	8.73K	1000K	1000K	90.6K	0	0	0	0	0	225.19K
Other Current Liabilities	438.74K	1.5M	4.24M	1.66M	526.31K	591.6K	445.71K	861.36K	0	379.77K
Current Ratio	1.12x	0.84x	1.12x	0.66x	0.59x	0.91x	10.76x	3.95x	3.92x	2.63x
Quick Ratio	0.70x	0.44x	0.84x	0.49x	0.36x	0.79x	9.84x	3.22x	3.20x	2.11x
Cash Conversion Cycle	-	326.7	73.34	-24.26	-67.29	-218.81	67.76	96.63	64.78	33.33
Total Non-Current Liabilities+	0	19.25M	16.62M	16.37M	10.85M	9.51M	385.2K	440.26K	51.84K	0
Long-Term Debt	0	14.23M	12.38M	13.65M	9.74M	8.18M	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	51.84K	0
Deferred Tax Liabilities	0	190.29K	335.4K	365.4K	812.27K	0	0	0	0	0
Other Non-Current Liabilities	0	4.83M	3.9M	2.35M	1.11M	1.33M	385.2K	440.26K	1	0
Total Liabilities	4.25M	32.57M	27.31M	21.51M	16.53M	15.98M	1.73M	2.85M	2.1M	2.03M
Total Debt+	1.85M	15.01M	12.65M	14.92M	11.87M	10.65M	64.35K	69.4K	120.16K	51.84K
Net Debt	1.43M	11.71M	7.01M	14.49M	10.28M	6.26M	-11.98M	-6.91M	-6.28M	-3.76M
Debt / Equity	2.10x	5.33x	0.60x	0.90x	1.39x	0.97x	0.00x	0.00x	0.01x	0.00x
Debt / EBITDA	-	-	-	9.99x	3.48x	44.07x	-	-	-	-
Net Debt / EBITDA	-	-	-	9.70x	3.01x	25.91x	-	-	-	-
Interest Coverage	-8.74x	-2.05x	-0.47x	0.20x	0.85x	-0.26x	-5.30x	-	-	-
Total Equity+	881.33K	2.82M	20.94M	16.54M	8.52M	10.97M	28.4M	22.79M	14.91M	12.19M
Equity Growth %	-0.68%	2.2%	6.43%	-0.21%	-0.48%	0.29%	1.59%	-0.2%	-0.35%	-0.18%
Book Value per Share	65.02	91.34	326.84	134.71	59.35	67.30	90.03	47.60	11.02	19.20
Total Shareholders' Equity	881.33K	2.82M	20.94M	16.54M	8.52M	10.97M	28.4M	22.79M	14.91M	12.19M
Common Stock	4.44K	738	2.36K	2.52K	3K	4.06K	917	48	216	240
Retained Earnings	-21.91M	-34.66M	-42.92M	-50.01M	-61.8M	-65.43M	-78.66M	-85.61M	-100.16M	-109.16M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-8.62M	-950.05K	-5.61M	-50.19K	2.24M	-312.96K	-5.91M	-3.61M	-4.32M	-4.25M
Operating CF Margin %	-13.98%	-0.12%	-0.24%	-0%	0.13%	-0.03%	-0.59%	-0.3%	-0.43%	-0.43%
Operating CF Growth %	-0.67%	0.89%	-4.9%	0.99%	45.63%	-1.14%	-17.9%	0.39%	-0.2%	0.01%
Net Income	-13.08M	-12.75M	-8.26M	-1.33M	-2.37M	-2.86M	-11.71M	-6.92M	-14.55M	-9M
Depreciation & Amortization	183.2K	579.24K	1.26M	905.75K	835.91K	827.66K	791.02K	803.68K	890.82K	1.61M
Stock-Based Compensation	1.51M	1.11M	2.49M	989.68K	607.71K	160K	936.96K	1.64M	1.58M	1.64M
Deferred Taxes	1.32M	190.29K	-1.63M	30K	-365.4K	0	195.58K	124.47K	-320.1K	0
Other Non-Cash Items	1.92M	4.04M	4.36M	-708.36K	3.13M	655.66K	7.9M	15.03K	7.87M	1.75M
Working Capital Changes	-477.56K	5.88M	-3.83M	61.36K	397.8K	908.7K	-4.03M	728.23K	218.2K	-247.95K
Change in Receivables	706.95K	-721.23K	-897.83K	135.26K	208.5K	-95.19K	34.97K	-303.85K	388.95K	9.29K
Change in Inventory	-2.41M	-1.06M	525.59K	-164.19K	-432.77K	535.93K	-469.93K	-507.93K	567.75K	128.49K
Change in Payables	1.35M	120.01K	-958.32K	362.46K	787.38K	658.25K	-2.26M	180.62K	22.19K	-276.63K
Cash from Investing+	-1.89M	-15.93M	-142.07K	-3.17M	2.75M	0	0	-1.31M	-1.37M	-1.46M
Capital Expenditures	-381.77K	-39.07K	-52.96K	-10.77K	-23.79K	0	0	-282.47K	-53.43K	-25.57K
CapEx % of Revenue	0.62%	0.01%	0%	0%	0%	-	-	0.02%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.51M	1.49M	-1.51M	-3.17M	2.75M	0	0	-1.03M	-1.32M	-1.43M
Cash from Financing+	8.73M	19.77M	8.09M	3.06M	-2M	3.11M	13.63M	-300K	5.05M	3.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-123.46K	-338.75K	-25K	-25K	-100K	-300K	-300K	-300K	-300K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.76M	7.71M	-703.93K	395.26K	3.18M	1.8M	6.26M	0	138.55K	-1.06M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-9M	-989.12K	-5.66M	-60.95K	2.22M	-312.96K	-5.91M	-4.92M	-5.69M	-5.72M
FCF Margin %	-14.59%	-0.13%	-0.24%	-0%	0.13%	-0.03%	-0.59%	-0.41%	-0.57%	-0.58%
FCF Growth %	-0.7%	0.89%	-4.72%	0.99%	37.36%	-1.14%	-17.9%	0.17%	-0.16%	-0%
FCF per Share	-664.14	-32.05	-88.38	-0.50	15.44	-1.92	-18.75	-10.27	-4.20	-9.00
FCF Conversion (FCF/Net Income)	0.66x	0.07x	0.68x	0.01x	-0.19x	0.11x	0.51x	0.52x	0.30x	0.47x
Interest Paid	0	930.22K	3.4M	3.15M	2.01M	1.62M	617.34K	0	0	0
Taxes Paid	1K	8.76K	4.5K	13.84K	11.36K	10.01K	93.31K	0	3.15K	20.58K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-723.14%	-689.34%	-69.58%	-37.83%	-94.07%	-29.4%	-59.49%	-27.06%	-77.19%	-66.44%
Return on Invested Capital (ROIC)	-575.79%	-59.75%	-12.85%	1.49%	7.76%	-2.44%	-33.65%	-32.08%	-93.79%	-67.4%
Gross Margin	-195.67%	42.67%	49.88%	71.93%	74.51%	71.67%	57.72%	60.68%	67.07%	66.81%
Net Margin	-2119.93%	-164.84%	-35.45%	-41.42%	-68.79%	-25.04%	-116.82%	-58.11%	-146.54%	-90.93%
Debt / Equity	2.10x	5.33x	0.60x	0.90x	1.39x	0.97x	0.00x	0.00x	0.01x	0.00x
Interest Coverage	-8.74x	-2.05x	-0.47x	0.20x	0.85x	-0.26x	-5.30x	-	-	-
FCF Conversion	0.66x	0.07x	0.68x	0.01x	-0.19x	0.11x	0.51x	0.52x	0.30x	0.47x
Revenue Growth	-	1154.16%	201.4%	-26.59%	0.12%	-33.23%	-12.42%	18.9%	-16.67%	-0.28%

Revenue by Segment

	2023
Shipping and Handling	300K
Shipping and Handling Growth	-

Frequently Asked Questions

Growth & Financials

LogicMark, Inc. (LGMK) reported $10.6M in revenue for fiscal year 2024. This represents a 4121% increase from $0.3M in 2012.

LogicMark, Inc. (LGMK) saw revenue decline by 0.3% over the past year.

LogicMark, Inc. (LGMK) reported a net loss of $9.6M for fiscal year 2024.

Dividend & Returns

Yes, LogicMark, Inc. (LGMK) pays a dividend with a yield of 65.62%. This makes it attractive for income-focused investors.

LogicMark, Inc. (LGMK) has a return on equity (ROE) of -66.4%. Negative ROE indicates the company is unprofitable.

LogicMark, Inc. (LGMK) had negative free cash flow of $5.3M in fiscal year 2024, likely due to heavy capital investments.

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LogicMark, Inc. (LGMK) 10-Year Financial Performance & Capital Metrics

LGMK • • Industrial / General

IndustrialsSecurity ServicesBiometric & Identity SolutionsDigital Identity & Tracking

Revenue $10M -0.3%
EBITDA -$6M +57.9%
Net Income -$9M +38.1%
EPS (Diluted) -14.65 -25.6%
Gross Margin 66.81% -0.4%
EBITDA Margin -61.2% +57.7%
Operating Margin -77.47% +49.8%
Net Margin -90.93% +37.9%
ROE -66.44% +13.9%
ROIC -67.4% +28.1%
Debt/Equity 0.00 -47.2%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 99 (top 1%)
✓Share count reduced 53.1% through buybacks
✓Trading at only 0.0x book value

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 10.4% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-10.39%

3Y-0.4%

TTM5.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM32.58%

EPS CAGR

10Y-

5Y-

3Y-

TTM36.96%

ROCE

10Y Avg-86.02%

5Y Avg-39.38%

3Y Avg-54.44%

Latest-56.49%

Peer Comparison

Digital Identity & Tracking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SPCBSuperCom Ltd.	38.83M	8.29	21.82	4.01%	13.44%	10%		2.63
LGMKLogicMark, Inc.	652.37K	0.72	-0.05	-0.28%	-90.92%	-49.11%		0.00
VRMEVerifyMe, Inc.	17.54M	1.41	-3.81	-4.37%	-21.78%	-42.5%	1.98%	0.22

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	616.85K	7.74M	23.32M	17.12M	17.14M	11.44M	10.02M	11.92M	9.93M	9.9M
Revenue Growth %	-	11.54%	2.01%	-0.27%	0%	-0.33%	-0.12%	0.19%	-0.17%	-0%
Cost of Goods Sold+	1.82M	4.43M	11.69M	4.8M	4.37M	3.24M	4.24M	4.69M	3.27M	3.29M
COGS % of Revenue	2.96%	0.57%	0.5%	0.28%	0.25%	0.28%	0.42%	0.39%	0.33%	0.33%
Gross Profit+	-1.21M	3.3M	11.63M	12.31M	12.77M	8.2M	5.79M	7.23M	6.66M	6.62M
Gross Margin %	-1.96%	0.43%	0.5%	0.72%	0.75%	0.72%	0.58%	0.61%	0.67%	0.67%
Gross Profit Growth %	-	3.74%	2.52%	0.06%	0.04%	-0.36%	-0.29%	0.25%	-0.08%	-0.01%
Operating Expenses+	9.72M	10.01M	15.27M	11.73M	10.19M	8.79M	13.33M	14.14M	21.99M	14.29M
OpEx % of Revenue	15.75%	1.29%	0.65%	0.69%	0.59%	0.77%	1.33%	1.19%	2.21%	1.44%
Selling, General & Admin	6.99M	9.12M	13.6M	10.96M	8.98M	7.68M	6.14M	10.24M	10.96M	10.46M
SG&A % of Revenue	11.33%	1.18%	0.58%	0.64%	0.52%	0.67%	0.61%	0.86%	1.1%	1.06%
Research & Development	2.73M	888.19K	1.67M	761.72K	1.21M	1.11M	932.6K	1.24M	982.68K	558.62K
R&D % of Revenue	4.42%	0.11%	0.07%	0.04%	0.07%	0.1%	0.09%	0.1%	0.1%	0.06%
Other Operating Expenses	0	0	0	0	0	0	6.26M	2.66M	10.05M	3.27M
Operating Income+	-10.92M	-6.71M	-3.64M	587.49K	2.58M	-586.08K	-7.55M	-6.91M	-15.33M	-7.67M
Operating Margin %	-17.71%	-0.87%	-0.16%	0.03%	0.15%	-0.05%	-0.75%	-0.58%	-1.54%	-0.77%
Operating Income Growth %	-1.08%	0.39%	0.46%	1.16%	3.39%	-1.23%	-11.88%	0.08%	-1.22%	0.5%
EBITDA+	-10.74M	-6.13M	-2.72M	1.49M	3.41M	241.58K	-6.76M	-6.08M	-14.38M	-6.06M
EBITDA Margin %	-17.41%	-0.79%	-0.12%	0.09%	0.2%	0.02%	-0.67%	-0.51%	-1.45%	-0.61%
EBITDA Growth %	-1.05%	0.43%	0.56%	1.55%	1.29%	-0.93%	-28.97%	0.1%	-1.37%	0.58%
D&A (Non-Cash Add-back)	183.2K	579.24K	921.48K	905.75K	835.91K	827.66K	791.02K	828.14K	944.6K	1.61M
EBIT	-11.82M	-9.28M	-691.56K	587.49K	319.02K	-586.08K	-3.03M	-6.91M	-7.51M	-7.67M
Net Interest Income+	-1.25M	-3.28M	-7.7M	-2.97M	-3.02M	-2.25M	-1.42M	119.48K	221.87K	160.66K
Interest Income	727	23	0	0	0	0	0	119.48K	221.87K	160.66K
Interest Expense	1.25M	3.28M	7.74M	2.97M	3.02M	2.25M	1.42M	0	0	0
Other Income/Expense	-2.15M	-5.85M	-6.24M	-1.88M	-5.28M	-2.25M	-3.96M	119.48K	468.01K	-1.32M
Pretax Income+	-13.07M	-12.56M	-9.88M	-1.29M	-2.7M	-2.84M	-11.5M	-6.79M	-14.86M	-8.99M
Pretax Margin %	-21.19%	-1.62%	-0.42%	-0.08%	-0.16%	-0.25%	-1.15%	-0.57%	-1.5%	-0.91%
Income Tax+	4.31K	196.03K	-1.61M	34.32K	-332.57K	24.89K	204.27K	137.96K	-309.85K	9.95K
Effective Tax Rate %	1%	1.02%	0.84%	5.48%	4.36%	1.01%	1.02%	1.02%	0.98%	1%
Net Income+	-13.08M	-12.75M	-8.26M	-7.09M	-11.79M	-2.86M	-11.71M	-6.92M	-14.55M	-9M
Net Margin %	-21.2%	-1.65%	-0.35%	-0.41%	-0.69%	-0.25%	-1.17%	-0.58%	-1.47%	-0.91%
Net Income Growth %	-0.85%	0.02%	0.35%	0.14%	-0.66%	0.76%	-3.09%	0.41%	-1.1%	0.38%
Net Income (Continuing)	-13.08M	-12.75M	-8.55M	-1.33M	-2.37M	-2.86M	-11.71M	-6.92M	-14.55M	-9M
Discontinued Operations	0	0	284.26K	0	-9.42M	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-964.73	-413.24	-129.02	-57.73	-16.49	-17.58	-37.12	-14.47	-11.66	-14.65
EPS Growth %	-0.56%	0.57%	0.69%	0.55%	0.71%	-0.07%	-1.11%	0.61%	0.19%	-0.26%
EPS (Basic)	-964.73	-413.24	-129.02	-57.73	-16.49	-17.58	-37.12	-14.47	-11.66	-14.65
Diluted Shares Outstanding	13.55K	30.86K	64.06K	122.81K	143.59K	162.95K	315.39K	478.7K	1.35M	634.97K
Basic Shares Outstanding	13.55K	30.86K	64.06K	122.81K	143.59K	162.95K	315.39K	478.7K	1.35M	634.97K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.76M	11.25M	12M	3.4M	3.36M	5.89M	14.44M	9.53M	8.05M	5.34M
Cash & Short-Term Investments	418.99K	3.3M	5.64M	425.19K	1.59M	4.39M	12.04M	6.98M	6.4M	3.81M
Cash Only	418.99K	3.3M	5.64M	425.19K	1.59M	4.39M	12.04M	6.98M	6.4M	3.81M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	1.22M	382.28K	247.02K	38.53K	133.72K	98.75K	402.6K	13.65K	4.36K
Days Sales Outstanding	-	57.5	5.98	5.27	0.82	4.27	3.6	12.33	0.5	0.16
Inventory	1.77M	5.34M	3.06M	870.51K	1.3M	767.35K	1.24M	1.76M	1.48M	1.05M
Days Inventory Outstanding	353.82	439.62	95.57	66.14	108.89	86.39	106.59	136.73	164.92	116.52
Other Current Assets	1.53M	40.37K	4.47M	1.41M	150.13K	150.13K	210.13K	59.99K	160.18K	476.67K
Total Non-Current Assets+	373.21K	24.15M	36.24M	34.66M	21.68M	21.05M	15.68M	16.11M	8.97M	8.88M
Property, Plant & Equipment	373.21K	379.73K	316.64K	145.36K	203.56K	335.99K	248.31K	437.94K	317.09K	161.25K
Fixed Asset Turnover	1.65x	20.37x	73.64x	117.76x	84.19x	34.06x	40.36x	27.21x	31.31x	61.41x
Goodwill	0	15.48M	24.6M	15.48M	15.48M	15.48M	10.96M	10.96M	3.14M	3.14M
Intangible Assets	0	8.29M	11.33M	6.76M	6M	5.24M	4.48M	4.06M	5.51M	5.58M
Long-Term Investments	0	0	-14.1M	-1.12M	20.87M	0	0	0	0	0
Other Non-Current Assets	0	0	12.95M	12.27M	-21.68M	0	0	646.64K	0	0
Total Assets+	5.13M	35.39M	48.24M	38.06M	25.05M	26.95M	30.12M	25.64M	17.02M	14.22M
Asset Turnover	0.12x	0.22x	0.48x	0.45x	0.68x	0.42x	0.33x	0.46x	0.58x	0.70x
Asset Growth %	0.4%	5.89%	0.36%	-0.21%	-0.34%	0.08%	0.12%	-0.15%	-0.34%	-0.16%
Total Current Liabilities+	4.25M	13.32M	10.68M	5.14M	5.67M	6.47M	1.34M	2.41M	2.05M	2.03M
Accounts Payable	1.33M	2.07M	903.05K	1.26M	2.12M	2.75M	492.43K	673.05K	901.62K	750.34K
Days Payables Outstanding	266.8	170.42	28.21	95.67	177	309.47	42.42	52.43	100.64	83.35
Short-Term Debt	1.8M	783.74K	266.2K	1.27M	2.06M	2.41M	0	0	0	0
Deferred Revenue (Current)	8.73K	1000K	1000K	90.6K	0	0	0	0	0	225.19K
Other Current Liabilities	438.74K	1.5M	4.24M	1.66M	526.31K	591.6K	445.71K	861.36K	0	379.77K
Current Ratio	1.12x	0.84x	1.12x	0.66x	0.59x	0.91x	10.76x	3.95x	3.92x	2.63x
Quick Ratio	0.70x	0.44x	0.84x	0.49x	0.36x	0.79x	9.84x	3.22x	3.20x	2.11x
Cash Conversion Cycle	-	326.7	73.34	-24.26	-67.29	-218.81	67.76	96.63	64.78	33.33
Total Non-Current Liabilities+	0	19.25M	16.62M	16.37M	10.85M	9.51M	385.2K	440.26K	51.84K	0
Long-Term Debt	0	14.23M	12.38M	13.65M	9.74M	8.18M	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	51.84K	0
Deferred Tax Liabilities	0	190.29K	335.4K	365.4K	812.27K	0	0	0	0	0
Other Non-Current Liabilities	0	4.83M	3.9M	2.35M	1.11M	1.33M	385.2K	440.26K	1	0
Total Liabilities	4.25M	32.57M	27.31M	21.51M	16.53M	15.98M	1.73M	2.85M	2.1M	2.03M
Total Debt+	1.85M	15.01M	12.65M	14.92M	11.87M	10.65M	64.35K	69.4K	120.16K	51.84K
Net Debt	1.43M	11.71M	7.01M	14.49M	10.28M	6.26M	-11.98M	-6.91M	-6.28M	-3.76M
Debt / Equity	2.10x	5.33x	0.60x	0.90x	1.39x	0.97x	0.00x	0.00x	0.01x	0.00x
Debt / EBITDA	-	-	-	9.99x	3.48x	44.07x	-	-	-	-
Net Debt / EBITDA	-	-	-	9.70x	3.01x	25.91x	-	-	-	-
Interest Coverage	-8.74x	-2.05x	-0.47x	0.20x	0.85x	-0.26x	-5.30x	-	-	-
Total Equity+	881.33K	2.82M	20.94M	16.54M	8.52M	10.97M	28.4M	22.79M	14.91M	12.19M
Equity Growth %	-0.68%	2.2%	6.43%	-0.21%	-0.48%	0.29%	1.59%	-0.2%	-0.35%	-0.18%
Book Value per Share	65.02	91.34	326.84	134.71	59.35	67.30	90.03	47.60	11.02	19.20
Total Shareholders' Equity	881.33K	2.82M	20.94M	16.54M	8.52M	10.97M	28.4M	22.79M	14.91M	12.19M
Common Stock	4.44K	738	2.36K	2.52K	3K	4.06K	917	48	216	240
Retained Earnings	-21.91M	-34.66M	-42.92M	-50.01M	-61.8M	-65.43M	-78.66M	-85.61M	-100.16M	-109.16M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-8.62M	-950.05K	-5.61M	-50.19K	2.24M	-312.96K	-5.91M	-3.61M	-4.32M	-4.25M
Operating CF Margin %	-13.98%	-0.12%	-0.24%	-0%	0.13%	-0.03%	-0.59%	-0.3%	-0.43%	-0.43%
Operating CF Growth %	-0.67%	0.89%	-4.9%	0.99%	45.63%	-1.14%	-17.9%	0.39%	-0.2%	0.01%
Net Income	-13.08M	-12.75M	-8.26M	-1.33M	-2.37M	-2.86M	-11.71M	-6.92M	-14.55M	-9M
Depreciation & Amortization	183.2K	579.24K	1.26M	905.75K	835.91K	827.66K	791.02K	803.68K	890.82K	1.61M
Stock-Based Compensation	1.51M	1.11M	2.49M	989.68K	607.71K	160K	936.96K	1.64M	1.58M	1.64M
Deferred Taxes	1.32M	190.29K	-1.63M	30K	-365.4K	0	195.58K	124.47K	-320.1K	0
Other Non-Cash Items	1.92M	4.04M	4.36M	-708.36K	3.13M	655.66K	7.9M	15.03K	7.87M	1.75M
Working Capital Changes	-477.56K	5.88M	-3.83M	61.36K	397.8K	908.7K	-4.03M	728.23K	218.2K	-247.95K
Change in Receivables	706.95K	-721.23K	-897.83K	135.26K	208.5K	-95.19K	34.97K	-303.85K	388.95K	9.29K
Change in Inventory	-2.41M	-1.06M	525.59K	-164.19K	-432.77K	535.93K	-469.93K	-507.93K	567.75K	128.49K
Change in Payables	1.35M	120.01K	-958.32K	362.46K	787.38K	658.25K	-2.26M	180.62K	22.19K	-276.63K
Cash from Investing+	-1.89M	-15.93M	-142.07K	-3.17M	2.75M	0	0	-1.31M	-1.37M	-1.46M
Capital Expenditures	-381.77K	-39.07K	-52.96K	-10.77K	-23.79K	0	0	-282.47K	-53.43K	-25.57K
CapEx % of Revenue	0.62%	0.01%	0%	0%	0%	-	-	0.02%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.51M	1.49M	-1.51M	-3.17M	2.75M	0	0	-1.03M	-1.32M	-1.43M
Cash from Financing+	8.73M	19.77M	8.09M	3.06M	-2M	3.11M	13.63M	-300K	5.05M	3.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-123.46K	-338.75K	-25K	-25K	-100K	-300K	-300K	-300K	-300K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.76M	7.71M	-703.93K	395.26K	3.18M	1.8M	6.26M	0	138.55K	-1.06M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-9M	-989.12K	-5.66M	-60.95K	2.22M	-312.96K	-5.91M	-4.92M	-5.69M	-5.72M
FCF Margin %	-14.59%	-0.13%	-0.24%	-0%	0.13%	-0.03%	-0.59%	-0.41%	-0.57%	-0.58%
FCF Growth %	-0.7%	0.89%	-4.72%	0.99%	37.36%	-1.14%	-17.9%	0.17%	-0.16%	-0%
FCF per Share	-664.14	-32.05	-88.38	-0.50	15.44	-1.92	-18.75	-10.27	-4.20	-9.00
FCF Conversion (FCF/Net Income)	0.66x	0.07x	0.68x	0.01x	-0.19x	0.11x	0.51x	0.52x	0.30x	0.47x
Interest Paid	0	930.22K	3.4M	3.15M	2.01M	1.62M	617.34K	0	0	0
Taxes Paid	1K	8.76K	4.5K	13.84K	11.36K	10.01K	93.31K	0	3.15K	20.58K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-723.14%	-689.34%	-69.58%	-37.83%	-94.07%	-29.4%	-59.49%	-27.06%	-77.19%	-66.44%
Return on Invested Capital (ROIC)	-575.79%	-59.75%	-12.85%	1.49%	7.76%	-2.44%	-33.65%	-32.08%	-93.79%	-67.4%
Gross Margin	-195.67%	42.67%	49.88%	71.93%	74.51%	71.67%	57.72%	60.68%	67.07%	66.81%
Net Margin	-2119.93%	-164.84%	-35.45%	-41.42%	-68.79%	-25.04%	-116.82%	-58.11%	-146.54%	-90.93%
Debt / Equity	2.10x	5.33x	0.60x	0.90x	1.39x	0.97x	0.00x	0.00x	0.01x	0.00x
Interest Coverage	-8.74x	-2.05x	-0.47x	0.20x	0.85x	-0.26x	-5.30x	-	-	-
FCF Conversion	0.66x	0.07x	0.68x	0.01x	-0.19x	0.11x	0.51x	0.52x	0.30x	0.47x
Revenue Growth	-	1154.16%	201.4%	-26.59%	0.12%	-33.23%	-12.42%	18.9%	-16.67%	-0.28%

Revenue by Segment

	2023
Shipping and Handling	300K
Shipping and Handling Growth	-

Frequently Asked Questions

Growth & Financials

LogicMark, Inc. (LGMK) reported $10.6M in revenue for fiscal year 2024. This represents a 4121% increase from $0.3M in 2012.

LogicMark, Inc. (LGMK) saw revenue decline by 0.3% over the past year.

LogicMark, Inc. (LGMK) reported a net loss of $9.6M for fiscal year 2024.

Dividend & Returns

Yes, LogicMark, Inc. (LGMK) pays a dividend with a yield of 65.62%. This makes it attractive for income-focused investors.

LogicMark, Inc. (LGMK) has a return on equity (ROE) of -66.4%. Negative ROE indicates the company is unprofitable.

LogicMark, Inc. (LGMK) had negative free cash flow of $5.3M in fiscal year 2024, likely due to heavy capital investments.