OTC · Financial Statements

LogicMark, Inc. (LGMK) Financial Statements

$0.80 OTC: LGMK Market Cap $719807

LogicMark, Inc. most recently reported annual revenue of $11.0M, a net loss of $7.0M. Revenue was roughly flat over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

LogicMark, Inc.: Revenue rose from $8.0M in 2016 to $11.0M in 2025, a change of +37.5% over 9 years; net profit was positive in 0 of 10 reported years; operating margin moved from -86.7% to -69.1%, a shift of +17.6 percentage points; the most recent year shows a net loss of $7.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$8.0M$23.0M$17.0M$17.0M$11.0M$10.0M$12.0M$10.0M$10.0M$11.0M
Operating Expenses$14.0M$27.0M$17.0M$15.0M$12.0M$18.0M$19.0M$25.0M$18.0M$19.0M
Operating Profit$-7.0M$-4.0M$1.0M$3.0M$-1.0M$-8.0M$-7.0M$-15.0M$-8.0M$-8.0M
Operating Margin-86.7%-15.6%3.4%15.0%-5.1%-75.3%-58.0%-154.4%-77.5%-69.1%
Other Income$-6.0M$-6.0M$-2.0M$-5.0M$-2.0M$-4.0M$0$0$-1.0M$0
Interest$3.0M$8.0M$3.0M$3.0M$2.0M$1.0M$0$0$0$0
Depreciation$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M
Profit Before Tax$-13.0M$-10.0M$-1.0M$-3.0M$-3.0M$-12.0M$-7.0M$-15.0M$-9.0M$-7.0M
Tax$-1.6M$16.3M$-2.6M$12.3M$-880,000$-1.8M$-2.0M$2.1M$-110,000$-200,000
Net Profit$-13.0M$-8.0M$-7.0M$-12.0M$-3.0M$-12.0M$-7.0M$-15.0M$-9.0M$-7.0M
EPS$-413.24$-129.02$-57.73$-16.49$-17.58$-37.12$-14.47$-11.66$-14.65$-13.06
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$2.0M$2.0M$2.0M$3.0M$2.0M$3.0M$2.0M$3.0M$3.0M$3.0M$3.0M$3.0M
Operating Expenses$5.0M$4.0M$12.0M$4.0M$4.0M$4.0M$4.0M$5.0M$5.0M$4.0M$5.0M$5.0M
Operating Profit$-2.0M$-2.0M$-9.0M$-2.0M$-2.0M$-2.0M$-2.0M$-2.0M$-2.0M$-1.0M$-2.0M$-2.0M
Operating Margin-97.8%-75.2%-387.0%-69.2%-88.6%-59.1%-97.6%-91.2%-74.7%-26.7%-54.5%-46.8%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-2.0M$-1.0M$-9.0M$-2.0M$-2.0M$-2.0M$-4.0M$-2.0M$-2.0M$-2.0M$-2.0M$-1.0M
Tax$0$0$3.3M$0$0$0$-270,000$0$0$-4.6M$-940,000$0
Net Profit$-2.0M$-1.0M$-9.0M$-2.0M$-2.0M$-2.0M$-4.0M$-2.0M$-2.0M$-2.0M$-2.0M$-1.0M
EPS$-1.77$-1.05$-6.23$-0.81$-0.93$-4.98$-5.83$-0.12$0.00$-2.21$-1.96$-1.68

Over the 10 years reported for LogicMark, Inc., borrowings decreased from $15.0M in 2016 to $0 in 2025, cash stood at $4.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 6.00 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$35.0M$48.0M$38.0M$25.0M$27.0M$30.0M$26.0M$17.0M$14.0M$20.0M
Current Assets$11.0M$12.0M$3.0M$3.0M$6.0M$14.0M$10.0M$8.0M$5.0M$12.0M
Cash$3.0M$6.0M$0$2.0M$4.0M$12.0M$7.0M$6.0M$4.0M$4.0M
Inventory$5.0M$3.0M$1.0M$1.0M$1.0M$1.0M$2.0M$1.0M$1.0M$1.0M
Receivables$1.0M$0$0$0$0$0$0$0$0$0
Fixed Assets$0$0$0$0$0$0$0$0$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$-14.0M$-1.0M$21.0M$0$0$0$0$0$6.0M
Other Assets$15.0M$25.0M$15.0M$15.0M$15.0M$11.0M$11.0M$3.0M$3.0M$3.0M
Total Liabilities$33.0M$27.0M$22.0M$17.0M$16.0M$2.0M$3.0M$2.0M$2.0M$2.0M
Current Liabilities$13.0M$11.0M$5.0M$6.0M$6.0M$1.0M$2.0M$2.0M$2.0M$2.0M
Borrowings$15.0M$13.0M$15.0M$12.0M$11.0M$0$0$0$0$0
Other Liabilities$18.0M$15.0M$7.0M$5.0M$5.0M$2.0M$3.0M$2.0M$2.0M$2.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$3.0M$21.0M$17.0M$9.0M$11.0M$28.0M$23.0M$15.0M$12.0M$18.0M

For LogicMark, Inc., operating cash flow was positive in 1 of 10 reported years; free cash flow in the latest year was negative at $6.0M; free cash flow was positive in 1 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-1.0M$-6.0M$0$2.0M$0$-6.0M$-4.0M$-4.0M$-4.0M$-5.0M
Investing Cash Flow$-16.0M$-2.0M$-6.0M$5.0M$0$0$-3.0M$-3.0M$-3.0M$-9.0M
Financing Cash Flow$8.0M$-1.0M$0$3.0M$2.0M$6.0M$0$0$-1.0M$0
Net Cash Flow$3.0M$2.0M$-4.0M$0$3.0M$8.0M$-5.0M$-1.0M$-3.0M$0
Free Cash Flow$-1.0M$-6.0M$0$2.0M$0$-6.0M$-5.0M$-6.0M$-6.0M$-6.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.00
EV / EBITDA0.22
FCF Yield-917.50%
Quick Ratio5.14
Interest Coverage—
Return 1Y-64.44%
Return 3Y-100.00%
Return 5Y-100.00%

LogicMark, Inc. (LGMK) financials — frequently asked questions

What is LogicMark, Inc.'s annual revenue?

LogicMark, Inc. (LGMK) reported annual revenue of $11.0M in its most recent fiscal year.

What is LogicMark, Inc.'s net profit?

LogicMark, Inc. (LGMK) reported a net loss of $7.0M in its most recent fiscal year.

What is LGMK EV/EBITDA?

LogicMark, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 0.22.

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