LogicMark, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 04:35 pm EST
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LogicMark, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 2.75 million compared to USD 2.38 million a year ago. Net loss was USD 2.09 million compared to USD 0.641704 million a year ago. Basic loss per share from continuing operations was USD 4.6 compared to USD 2.4 a year ago.
For the nine months, sales was USD 9.77 million compared to USD 7.6 million a year ago. Net loss was USD 4.49 million compared to USD 5.42 million a year ago. Basic loss per share from continuing operations was USD 10 compared to USD 28.6 a year ago.
LogicMark, Inc. provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform. The Companyâs devices provide people with the ability to receive care at home and age independently. Its PERS devices incorporate two-way voice communication technology directly in the medical alert pendant. These PERS technologies are sold direct-to-consumer through the Companyâs e-commerce Website, through dealers and distributors, as well as through the United States Veterans Health Administration (VHA). It provides no monthly fee products, which only require a one-time purchase expense, instead of a contract with recurring monthly charges. Its no monthly fee products contact family, friends, or 911 directly, eliminating the recurring monthly fee from a monitoring center. The Companyâs PERS products include Guardian Alert 911 Plus, Freedom Alert Plus, Guardian Alert 911, and LifeSentry.
LOGICMARK, INC. 
