Earnings call transcript: LogicMark’s Q2 2025 revenue jumps 22% amid innovation push

Published 12/08/2025, 22:16
 Earnings call transcript: LogicMark’s Q2 2025 revenue jumps 22% amid innovation push

LogicMark (LGMK) reported a strong second quarter for 2025, with revenue increasing by 22% year-over-year to $2.9 million. Despite a net loss of $2.1 million, unchanged from the previous year, the company showcased significant product innovation and strategic initiatives. The stock saw a decline, with a 12.16% drop, closing at $0.0044, reflecting investor sentiment amid broader market conditions. According to InvestingPro data, the company’s market capitalization stands at $2.25 million, with an EBITDA of -$7.35 million for the last twelve months.

Key Takeaways

  • LogicMark’s revenue surged by 22% year-over-year, reaching $2.9 million.
  • The company maintained a net loss of $2.1 million, consistent with last year.
  • New product launches and strategic appointments are driving innovation.
  • The stock declined by 12.16%, closing at $0.0044.

Company Performance

LogicMark demonstrated robust performance in Q2 2025, with revenue growth of 22% compared to the same period last year. This growth was driven by the launch of new products and an expansion in strategic markets. The company remains focused on innovation within the personal safety and aging-in-place technology sectors, despite facing a consistent net loss of $2.1 million. InvestingPro analysis reveals that while the company holds more cash than debt on its balance sheet, it’s quickly burning through cash - one of 13 key insights available to Pro subscribers.

Financial Highlights

  • Revenue: $2.9 million, up 22% year-over-year
  • Gross Profit: $1.9 million, up 24% year-over-year
  • Gross Margin: 67.5%, an increase of 99 basis points
  • Net Loss: $2.1 million, unchanged year-over-year
  • Cash and Investments: $13 million

Outlook & Guidance

LogicMark is optimistic about its future, focusing on expanding its Personal Emergency Response Systems (PERS) solutions and growing recurring revenue streams. The company is also looking to scale its institutional and government channels while investing in sales leadership and product innovation. With a current ratio of 7.56 and liquid assets exceeding short-term obligations, as reported by InvestingPro, the company maintains a stable financial position for its growth initiatives. Discover comprehensive analysis and 13 additional ProTips with an InvestingPro subscription. Revenue forecasts for the upcoming quarters remain stable, with projections of $2.72 million and $2.26 million for Q3 and Q4 of 2025, respectively.

Executive Commentary

Shailene Simmons, CEO of LogicMark, emphasized the company’s growth and innovation, stating, "We delivered 22% year-over-year revenue growth, our strongest pace in recent years." She also highlighted the company’s mission, saying, "Our mission is to support aging in place and peace of mind across generations."

Risks and Challenges

  • Market Volatility: The stock’s recent decline suggests sensitivity to broader market trends.
  • Consistent Losses: The ongoing net loss could pose challenges if not addressed.
  • Competitive Pressure: The personal safety technology sector is highly competitive.
  • Regulatory Changes: Potential changes in government funding could impact revenue streams.
  • Economic Uncertainty: Broader economic conditions may affect consumer spending on safety technologies.

LogicMark’s Q2 2025 earnings call highlighted its commitment to innovation and strategic growth, despite facing financial challenges and market volatility. The company’s focus on expanding its product offerings and market presence positions it well for future opportunities in the growing care economy.

Full transcript - LogicMark Inc (LGMK) Q2 2025:

Carmen, Conference Call Moderator, LogicMark: Good afternoon, and thank you for participating in today’s Second Quarter twenty twenty five Conference Call. Our speakers today will be Shailene Simmons, Chief Executive Officer and Mark Archer, Chief Financial Officer. During this call, management will be making forward looking statements, including statements that address LogicMark’s expectations for future performance or operational results and anticipated product launches. Forward looking statements involve risks and other factors that may cause actual results to differ materially from those statements. For more information about these risks, please refer to the risk factors described in LogicMark’s most recently filed annual report on Form 10 ks and subsequent periodic reports filed with the SEC and LogicMark’s press release that accompanies this call, in particular, the cautionary statements in it.

Statements made on this call may include references to non GAAP financial measures as defined in Regulation G of the Securities Exchange Act of 1934, including adjusted EBITDA, which is reconciled to the mostly, I’m sorry, the most directly comparable GAAP financial measures. Management’s belief that non GAAP adjusted EBITDA provides investors with insight into the company’s overall operating performance. The content of this call contains accurate, time sensitive information as of today, 08/12/2025. Except as required by law, LogicMark disclaims any obligation to publicly update or revise any information to reflect events or circumstances that occur after this call. It is now my pleasure to turn the call over to Shailene Simmons.

Please go ahead.

Shailene Simmons, Chief Executive Officer, LogicMark: Thank you, Carmen, and good afternoon, everyone. I appreciate you joining us today to discuss our recent results. The second quarter was strong for LogicMark. We delivered 22% year over year revenue growth, our strongest pace in recent years. This performance reflects the traction we’ve gained from recent investments in product innovation, go to market strategy and team expansion.

Our focus remains clear, delivering affordable, innovative personal safety solutions that create long term value for both our customers and shareholders. LogicMark operates in a growing care economy, addressing the evolving needs of families, caretakers and individuals through our personal safety and emergency response technologies. Our mission is to support aging in place and peace of mind across generations by building technology lifelines. Whether for an elderly parent, an independent adult, or a child who needs quick access to help. This need isn’t going away and households are increasingly prioritizing safety and independence.

Logisloc is uniquely positioned to serve this durable, expanding demand with differentiated technology and thoughtful design. Information that we’ve been gathering for the past several years through our research, customer engagement and industry studies continues to validate our business model. A recent study by the AARP and National Alliance for Caregiving highlights the quiet but growing caregiving crisis in The United States. An estimated 63,000,000 Americans or nearly one in four adults are now providing ongoing care for others. This comprises 59,000,000 supporting adults and 4,000,000 caring for children with complex health needs.

This represents a surge of 20,000,000 caregiving adults since 2015, a 45% increase. Many of these caregivers are dedicating forty or more hours a week with a third having provided care for five years or more. This personal toll is profound. Nearly half reported serious financial strain, including debt, reduced savings and food insecurity. Their own health is often neglected due to the demands of caregiving, yet few receive formal training or support.

This mounting pressure on family caregivers has positioned them as an unrecognized backbone of The US healthcare system, performing unpaid complex care across all demographics, often at great personal sacrifice. Our product and R and D teams continue to innovate to meet these challenges. In the second quarter, we saw growth from newer devices like the Freedom Alert Mini, which we launched last year. And our recently upgraded Guardian Alert nine eleven plus, we’re focused on continuing to deliver a hardware plus software ecosystem that adapts to real life needs. This includes new features like AI enabled fall detection, cost effective solutions tailored towards families and seniors, and a forward roadmap that provides for medicine reminder capability with an expected rollout in just a few weeks.

We’re also continuing to expand our IP portfolio, furthering enhancing our competitive position, long term value proposition and licensing capabilities. Our development of sensor in environments enhance safety, responsiveness and independence for vulnerable individuals. By integrating data from wearables, in home sensors and environmental monitors, our technology enables real time incident detection, including falls, inaction and unusual movements, helping provide emergency alerts that are both accurate and timely. At the core of this ecosystem is our patent care processing platform, which intelligently correlates signals from a range of inputs such as microphones, speakers, video and other sensors to reduce false alarms and improve caregiver response. Products like the Freedom Alert Max and Mini provide features such as two way communication, 20 fourseven US based monitoring, geofencing for memory care in Alzheimer’s patients, and caregiver app integration, all designed to support aging in place and provide peace of mind.

We’ve made great strides in our solutions offerings that allow us to move not just from offering responsive technology, but predictive and preventive technology as well. We continue to use AI and software services to bring more value and solutions for customers complex care needs, while providing the company additional recurring revenue opportunities through the new offerings. To capture this momentum, we’re investing in sales leadership and partner engagement. Recently, we appointed Jeffrey Gurkins as SVP of Sales to lead our B2B expansion efforts. We’re also revitalizing our reseller program by enabling better partner support and improve reach to the end customer.

You may have seen that we are expanding our presence at industry conferences and deepening relationships across institutional and government channels, including those tied to our GSA contracts. We believe investments in all these initiatives will accelerate our multichannel growth trajectory in the quarters ahead. As we previously announced, our transition to the OTC market was completed in the second quarter, allowing us to focus more fully on business execution. With a strengthened cash position and no long term debt, we’re well positioned to drive forward. Our foundation is strong, rooted in innovation, channel expansion and operational rigor.

We believe the work that we’re doing today will generate meaningful and lasting value. With that, I’ll turn it over to Mark to walk through our financial results.

Mark Archer, Chief Financial Officer, LogicMark: Thank you, Shailene. I’m happy to report on our strong financial results. Revenue for the 2025 was 2,900,000.0, up 22% year over year and up 10% from this year’s first quarter. Our second quarter growth was fueled by higher sales of our Freedom Alert Mini and the upgraded Guardian Alert nine eleven plus purse units. For the 2025, gross profit was 1,900,000.0 up 24% compared to the same quarter last year.

And gross margin improved by 99 basis points to 67.5%, reflecting a favorable shift in product mix toward higher margin offerings. Response to our upgraded Guardian Lord nine eleven plus unit has been strong. And with the addition of fall detection in this upgraded unit, we were able to take pricing, which is provided margin enhancement. Total operating expenses were 4,100,000.0 versus 3,600,000.0 in the 2024. The 12% increase was driven by costs related to recruiting efforts to grow the sales team, as well as higher consulting and legal fees.

Net loss attributable to common shareholders for the second quarter was $2,100,000 unchanged compared with the same period last year. On a fully diluted basis, there was no loss or gain per share compared to a net loss per share of $24.12 for the same period last year. This improvement in the net loss per share was attributable to the higher number of weighted average common shares outstanding in the current quarter. Now, looking forward to the last six months, total revenue reached 5,400,000.0, up 10% from the same period last year. Gross profit of 3,600,000.0 was up 8% to prior year.

And our six month gross margin was 65.6%. Total operating expenses were 8,100,000.0 for the six month year to date period up 12% from the same period last year. Higher legal and consulting fees, along with an increase in non cash depreciation expense drove the increase. Net loss attributable to common shares shareholders year to date was 4,400,000.0, up from 3,900,000.0 in the same period last year. On a fully diluted basis, our net loss per share was 2¢, compared to a net loss per share of $45.30 for the same period last year.

During the 2025, the company completed a registered public offering of units and pre funded units consisting of common stock warrants and pre funded warrants, resulting in gross proceeds of 14,400,000.0, providing us with plenty of dry powder to ramp up our sales and marketing efforts going forward. Our cash and investments balance at the end of the quarter was $13,000,000 Looking forward, we’re focused on expanding our PERS and aging in place solutions, continuing to grow recurring revenue opportunities and scaling institutional and government channels where we see strong demand signals. With that, I’ll turn the call back over to the operator to open the line up for questions.

Carmen, Conference Call Moderator, LogicMark: Thank you so much. And to ask a question, press 11 on your telephone and wait for your name to be announced. To remove yourself, press 11 again. Again, that is 11 if you do have a question. And we have a question from the line of Maureen M.

With SACS. Please go ahead.

Maureen M., Analyst, SACS: Thank you. So it was a very strong quarter and it sounds like the product mix is really starting to skew in a very good direction. Can you talk a little bit about your customer mix as you try to become a, you know, safety and security company for a broad range of demographics? Thank you.

Shailene Simmons, Chief Executive Officer, LogicMark: Thank you so much for the question. So, you know, I just wanna make sure I reiterate the questions. There’s a little bit of a background noise there. The question was, can we speak to a little bit of the product mix in terms of channel mix as well? So today we are still heavily skewed towards a government sector business with a growing interest and growth in sort of the B2B business.

So in terms of mix, we are still much more heavily skewed towards medical alerts per business. As we sort of start to look at gaining growth and opportunities in terms of this personal safety space. Obviously, Jeff has only very recently joined us. We are focused on trying to bring up new, I would call it one segment over opportunities. And so today, a lot of the focus that Jeff is bringing on and a new director of b2b sales, Michelle is bringing on is what I would call one adjacency business over.

It’s in the categories of senior living, independent living, and all of those sort of category areas. That is, again, very similar to our traditional medical products business. However, as we are looking at bringing on more marketing and business development and sales focus, you will see us continue to grow sort of areas where that seems a little bit more of a stretch into our safety category area for products like Aster and that would be potentially a focus on education space, for example, for Aster and some of these other areas. And so we are in the process in the mix, Marla, of trying to build a business that is shifting towards and adding on more onto the safety category space. But it’s what we’ve been doing really well.

And so we continue to sort of drive towards that as we, again, wanna make sure that we put the proper and the right amount of focus on the new category areas. So it is moving along at a good clip that perhaps not at the clip that we are focused on today with the hires that we have, but we hope to sort of share more with you guys along those lines as well as we bring on more staff members that can actually help us with new category areas.

Maureen M., Analyst, SACS: Okay. That makes sense. Thank you. And then I have a follow-up housekeeping question. You know, obviously in the press, we’re hearing an awful lot about cutbacks and reduced funding to certain government agencies.

In your ongoing discussions with the VA, your long term, you know, partner, How confident are you that there will be no change there that might impact the company?

Shailene Simmons, Chief Executive Officer, LogicMark: You know, it’s very hard to say whether or we’re going to see no change. I mean, I think there will be change to say that there’s no change would be crazy. I think that we will continue to see change within the VA as well as the government sector. And to be candid, I don’t know how much we can’t or can’t anticipate those aspects. We have not seen a slowdown in terms of the demand for the needs of the VA for their aging veterans population.

The reality is that people continue to age, especially the veterans and they still need the help that we provide. So we have not seen a slow down there. I think that when we look at, and this is based on just what we’ve ourselves seen in the news. We don’t have any special sort of viewpoints and are not provided additional viewpoints from the VA is that when we see changes within sort of the VA ecosystem, it has much more to do with administrative pieces of it, but less in terms of cutbacks necessarily for the veterans themselves at this point. We have not seen the cutback in terms of veterans being able to be given a device that we’ve seen today.

And you’ll notice I’m using very carefully the word as we see today. We don’t anticipate a slowdown because again, there’s just a consistent sort of flow of people who are aging and needing help. And, you know, but do we think that there will be shifts and changes? Absolutely. Most likely in the category area of who we work with on a day to day to make orders and to facilitate probably more administrative work on the VA.

Maureen M., Analyst, SACS: Okay. Thank you very much.

Carmen, Conference Call Moderator, LogicMark: Thank you so much. As I see no further questions in the queue, I will turn the call back to Shailene Simmons for closing remarks.

Shailene Simmons, Chief Executive Officer, LogicMark: Thank you, Carmen. In closing, I want to reiterate that our mission at LogicMark is to make personal safety accessible and empower people to live with dignity and independence. Achieving that mission requires staying deeply connected to the evolving needs of the care and safety economy. As part of that effort, we’re wrapping up a survey and looking forward to sharing what we’ve learned soon with all of you. I’m proud of how our team is executing by balancing innovation, operational rigor and strategic focus.

We’re excited about what’s ahead and we’re grateful to our employees, customers, partners and shareholders for their continued support. Thank you so much.

Carmen, Conference Call Moderator, LogicMark: And this concludes our conference for today. Thank you all for participating, and you may now disconnect.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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