LOUISVILLE, Ky., Nov. 12, 2025 (GLOBE NEWSWIRE) -- LogicMark, Inc. (OTC: LGMKD) (the Company), a provider of personal safety and emergency response systems (PERS), health communications devices, and technology for the growing care and safety economy, today announced financial and operational results for the third quarter ended September 30, 2025.
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 of September 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.
Chia-Lin Simmons, Chief Executive Officer of LogicMark, commented, "Third-quarter results reflect steady execution, with year-over-year sales growth and revenue increases in five of the past six quarters. An ongoing shift toward business-to-business channels and stronger reseller momentum supported this performance. At the same time, we maintained disciplined spending while investing in commercial leadership to support sustainable growth.
"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 U.S. veterans. In that same spirit, and in observance of the Veterans Day holiday, we extend our gratitude to all veterans and their families and reaffirm our commitment to serving them through our VA channels," concluded Ms. Simmons.
Third Quarter 2025 Results
Revenue for the third quarter ended September 30, 2025, was $2.9 million, up 8% compared with $2.7 million of revenue for the same period last year. The primary reason for the increase in revenue was continued strong sales of the Freedom Alert Mini units launched in 2024 and the recently upgraded Guardian Alert 911 Plus.
Gross profit in the third quarter of this year was $1.9 million, up from $1.8 million in the same quarter last year. Gross margin remained strong and stable at 66% for the three and nine months ended September 30, 2025.
Total operating expenses were $3.7 million in the third quarter of 2025, up from $3.4 million in the third quarter of 2024. This increase reflects added sales personnel, including a senior vice president of sales hired in June 2025 and a vice president of business development hired in September.
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 $2.21 compared with $3,732.56 per share for the same period the previous year. The net loss per share figures reflect the impact of a reverse stock split completed in October 2025, which required retroactive adjustment of the current and prior period share counts.
At the end of the third quarter of 2025, the Company reported cash and investments of $11.7 million and no long-term debt.
Investor Call and SEC Filings
Ms. Chia-Lin Simmons, CEO, and Mr. Mark Archer, CFO, will host a live investor call and webcast on Wednesday, November 12, 2025, at 1:30 p.m. $(PST)$ / 4:30 p.m. (EST) to review the Company's financial results for the third quarter of 2025.
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
Analysts and investors wishing to participate in the live call should register here:
https://register-conf.media-server.com/register/BIb61bd453b93d4ef2b8fb16759814c1a3
The associated press release, SEC filings, and webcast replay will also be accessible on the investor relations website.
About LogicMark, Inc.
LogicMark, Inc. (OTC: LGMKD) delivers advanced personal safety and medical alert solutions for people of all ages, empowering them to live with dignity and independence. With over 44 patents issued or pending, our proprietary Connected Care Platform integrates IoT devices, AI-powered sensors, and machine learning to enable real-time remote patient monitoring, fall detection, and instant caregiver alerts. LogicMark delivers secure, reliable connected care solutions through the U.S. Department of Veterans Affairs, resellers, business-to-business and direct-to-consumer channels, and through a U.S. General Services Administration (GSA) Multiple Award Schedule contract, enabling procurement by federal, state, and local governments. Learn more at www.logicmark.com.
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 November 17, 2025.
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
LogicMark, Inc.
CONDENSED BALANCE SHEETS
(Unaudited)
September 30, December 31,
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 $724,016 and
$397,340, respectively 1,166,823 1,384,172
Software development costs, net of
amortization of $953,029 and
$428,803, respectively 2,532,568 2,019,090
Goodwill 3,143,662 3,143,662
Other intangible assets, net of
amortization of $6,999,652 and
$6,428,305, respectively 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 $0.0001 per
share: 2,000 shares designated; 1
share issued and outstanding as
of September 30, 2025 and
December 31, 2024, respectively,
aggregate liquidation preference
of $2,000,000 as of September 30,
2025 and December 31, 2024,
respectively 1,807,300 1,807,300
------------ ------------
Stockholders' Equity
Preferred stock, par value $0.0001
per share: 80,000,000 shares
authorized
Series F preferred stock, par
value $0.0001 per share:
1,333,333 shares designated;
106,333 shares issued and
outstanding as of September 30,
2025 and December 31, 2024,
respectively, aggregate
liquidation preference of
$319,000 as of September 30, 2025
and December 31, 2024,
respectively 319,000 319,000
Series H preferred stock, par
value $0.0001 per share: 1,000
shares designated; 0 shares
issued and outstanding as of
September 30, 2025 and 310 shares
issued and outstanding as of
December 31, 2024. Aggregate
liquidation preference of $0 and
$472,245 as of September 30, 2025
and December 31, 2024,
respectively - 472,245
Series I preferred stock, par
value $0.0001 per share: 1,000
shares designated; 0 shares issued
and outstanding as of September
30, 2025 and 310 shares issued and
outstanding as of December 31,
2024 - -
Common stock, par value $0.0001
per share: 800,000,000 shares
authorized; 768,407 and 3,198
issued and outstanding as of
September 30, 2025 and December
31, 2024, respectively 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
============ ============
LogicMark, Inc.
CONDENSED STATEMENT OF OPERATIONS
(Unaudited)
For the Three Months Ended For the Nine Months Ended
September 30, September 30,
----------------------------- -----------------------------
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
========== ========== ========== ==========
(END) Dow Jones Newswires
November 12, 2025 17:13 ET (22:13 GMT)