Thu, May 15, 4:50 PM (29 days ago)
**LogicMark, Inc. (LGMK) Q1 2025 Financial Summary** **Financial Health:** - **Revenue:** $2,591,824 (down 1% YoY) - **Gross Profit:** $1,645,227 (down 7% YoY) - **Operating Loss:** $2,364,118 (up 30% YoY) - **Net Loss:** $2,190,986 (up 26% YoY) - **Cash and Cash Equivalents:** $8,990,036 (up from $3,806,915) - **Working Capital:** $14,300,000 (up from $3,300,000) **Performance Metrics:** - **Gross Margin:** 63% (down from 68% YoY) - **Operating Margin:** -91% (down from -69% YoY) - **Net Margin:** -84% (down from -67% YoY) **Cash Flow:** - **Operating Cash Flow:** -$1,651,686 (down from -$1,091,176 YoY) - **Investing Cash Flow:** -$6,168,424 (down from -$167,958 YoY) - **Financing Cash Flow:** $13,003,231 (up from -$91,581 YoY) **Earnings Changes:** - **EPS (Basic and Diluted):** -$0.12 (up from -$21.15 YoY) **Quarterly Performance:** - **Revenue Decrease:** Due to lower sales of legacy hardware, offset by increased sales of the Freedom Alert Mini. - **Gross Profit Decrease:** Due to increased costs for monitoring services. - **Operating Expenses Increase:** Driven by higher consulting costs, investor relations costs, and legal fees. - **Other Income Increase:** Due to a $0.1 million refund from the IRS. **Trends and Uncertainties:** - **Inflation and Tariffs:** Potential impacts on fulfillment costs, operating expenses, and product sourcing. - **Nasdaq Listing:** Potential delisting due to issuance of Series D Warrants and stock price below $1.00. - **Future Operations:** Plans to sustain operations for at least one year, with potential future equity or debt offerings. **Future Outlook:** - **Cash Position:** Sufficient capital to sustain operations for at least one year. - **Future Offerings:** Potential equity or debt offerings to accelerate strategic plans. - **Listing Status:** Uncertainty regarding Nasdaq listing due to stock price and warrant issuance.