LGMKOTCOrthopedic, Prosthetic & Surgical Appliances & SuppliesUS GAAP · USD

LogicMark, Inc.

LogicMark, Inc. designs and sells personal emergency response systems (PERS), health communications devices, and connected-care IoT products that help people live independently and let caregivers monitor safety remotely. Its devices are sold through dealers, resellers, eCommerce channels, Amazon, and directly to the U.S. Veterans Health Administration and government buyers.

Revenue11.4m USD
+15.4 %y/y
Operating profit (EBIT)-7.9m USD
−3.0 %y/y
EBIT margin-69.1%
+8.3 ppy/y
Net income-7.5m USD
+17.1 %y/y
Free cash flow-5.1m USD
−19.9 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-20-1001020m USD2020: 11 m USD2020: EBIT -0.59 m USD20202021: 10 m USD2021: EBIT -7.5 m USD20212022: 12 m USD2022: EBIT -6.9 m USD20222023: 9.9 m USD2023: EBIT -15 m USD20232024: 9.9 m USD2024: EBIT -7.7 m USD20242025: 11 m USD2025: EBIT -7.9 m USD202511-7.9
RevenueOperating profit (EBIT)

Business

Share of revenue
PERS devices60 %

Wearable and in-home emergency alert devices with two-way voice communication.

Monitored safety products20 %

Connected devices and services that include monitoring for higher-value recurring offerings.

Health communications devices10 %

Devices that support remote care, safety checks, and caregiver communication.

Channel and government sales10 %

Sales through dealers, resellers, eCommerce, Amazon, and government contracts.

Products

Reported · share of revenue
92.1%FY2025100 %
  • Products92.1 %
  • Subscription and Circulation7.9 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

LogicMark sells to everyday consumers who want affordable emergency alert devices for aging in place, as well as caregivers who need remote visibility into a loved one’s safety. It also serves institutional and government buyers, including the U.S. Veterans Health Administration and federal, state, and local agencies through its GSA contract.

Direct-to-consumer seniors

Buy PERS devices for emergency response and independent living at home.

Caregivers and family monitors

Buy connected devices to check, manage, and monitor a loved one’s safety remotely.

Dealers and resellers

Purchase devices for resale into home safety and senior care channels.

Government and veterans agencies

Buy through the VHA and GSA channels for eligible populations and public programs.

Strategy

The company is focused on modernizing remote monitoring and expanding its connected-care platform with newer products such as Freedom Alert Mini and Guardian Alert 911 Plus. It is also building out B2B and government channels while managing manufacturing costs and supply-chain resilience to support margin stability.

Scale new product launchesShort term

Recent launches are driving revenue growth and mix improvement.

Expand B2B and government channelsMedium term

These channels can broaden distribution beyond direct consumer sales.

Reduce supply-chain and tariff exposureShort term

Manufacturing and component sourcing affect cost of goods and fulfillment economics.

Geography

LogicMark is primarily a U.S.-focused business, with sales concentrated in domestic consumer, veterans, and government channels. The company also relies on contract manufacturers in Asia, and management noted a transfer of manufacturing from China and Hong Kong to Taiwan to reduce tariff and supply-chain risk.

Risks

LogicMark faces execution risk from Nasdaq listing compliance issues, which could pressure liquidity, investor confidence, and trading access. Its business is also exposed to tariff, inflation, and sourcing risk because products are manufactured through Asian contract manufacturers and sold at consumer-friendly price points in a competitive PERS market.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Nasdaq listing non-compliance and potential delisting1Dilution from equity financings and warrant exercises2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Nasdaq listing non-compliance and potential delistingImpact: HighLikelihood: High

    The company received notices for minimum bid price and discretionary delisting concerns, which could reduce liquidity and market access.

    Exposure: Common stock listing on Nasdaq Capital Market

  2. Dilution from equity financings and warrant exercisesImpact: HighLikelihood: High

    Recent capital raises included common stock and warrants, and the company noted substantial dilution concerns tied to prior issuances.

    Exposure: Shareholder value and per-share metrics

  3. Tariff and inflation pressureImpact: Medium

    Higher labor, shipping, and component costs can reduce margins if not offset by pricing or productivity gains.

    ExposureFulfillmentSourcingOverhead
  4. Supply-chain concentration in AsiaImpact: Medium

    The company depends on contract manufacturers and imported components, making it vulnerable to trade restrictions and logistics disruptions.

    Exposure: Manufacturing and component sourcing

  5. Monitoring-service cost inflationImpact: Medium

    New monitored products can carry higher recurring service costs, which can pressure gross margin.

    Exposure: Product mix and gross margin

Accounting

Judgemental items
Revenue recognition and product/service mix

The company sells devices and monitored products, so timing and mix affect reported revenue and gross margin.

Impact: Monitored products can lower margin due to ongoing monitoring costs

Equity issuance and warrant accounting

Recent financings included common stock and warrants, which can affect dilution and equity classification.

Impact: Per-share metrics and shareholders' equity

One-time delisting and restructuring costs

Nasdaq-related fees and write-offs can distort operating expense trends.

Impact: Quarterly operating income comparability

Interest income on cash and government securities

The company holds cash and short-term investments, so interest income contributes to other income.

Impact: Net income and liquidity presentation

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026