LOGICMARK INC Financials

LGMKD

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows LOGICMARK INC (LGMKD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 35/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

LOGICMARK INC has an operating margin of -77.5%, meaning the company retains $-77 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -154.4% the prior year.

Growth

LOGICMARK INC's revenue declined 0.3% year-over-year, from $9.9M to $9.9M. This contraction results in a growth score of 28/100.

Leverage

100

LOGICMARK INC carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.63, LOGICMARK INC holds $2.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 85/100.

Cash Flow

While LOGICMARK INC generated -$4.3M in operating cash flow, capex of $26K consumed most of it, leaving -$4.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

LOGICMARK INC generates a -86.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -111.0% the prior year.

Piotroski F-Score Neutral

4/9

LOGICMARK INC passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.47x

For every $1 of reported earnings, LOGICMARK INC generates $0.47 in operating cash flow (-$4.3M OCF vs -$9.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$9.9M

YoY-0.3%

5Y CAGR-10.4%

LOGICMARK INC generated $9.9M in revenue in fiscal year 2024. This represents a decrease of 0.3% from the prior year.

EBITDA

-$6.1M

YoY+57.9%

LOGICMARK INC's EBITDA was -$6.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 57.9% from the prior year.

Free Cash Flow

-$4.3M

YoY+2.0%

LOGICMARK INC generated -$4.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2.0% from the prior year.

Net Income

-$9.0M

YoY+38.1%

LOGICMARK INC reported -$9.0M in net income in fiscal year 2024. This represents an increase of 38.1% from the prior year.

EPS (Diluted)

$-14.65

LOGICMARK INC earned $-14.65 per diluted share (EPS) in fiscal year 2024. This represents an increase of 95.0% from the prior year.

Cash & Debt

$3.8M

YoY-40.6%

5Y CAGR+19.1%

10Y CAGR+5.6%

LOGICMARK INC held $3.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

3,198

LOGICMARK INC had 3,198 shares outstanding in fiscal year 2024. This represents a decrease of 96.3% from the prior year.

Gross Margin

66.8%

YoY-0.3pp

5Y CAGR-7.7pp

LOGICMARK INC's gross margin was 66.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Operating Margin

-77.5%

YoY+76.9pp

5Y CAGR-92.5pp

LOGICMARK INC's operating margin was -77.5% in fiscal year 2024, reflecting core business profitability. This is up 76.9 percentage points from the prior year.

Net Margin

-90.9%

YoY+55.6pp

5Y CAGR-22.1pp

LOGICMARK INC's net profit margin was -90.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 55.6 percentage points from the prior year.

Return on Equity

-86.7%

YoY+24.3pp

5Y CAGR+88.9pp

10Y CAGR+172.0pp

LOGICMARK INC's ROE was -86.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 24.3 percentage points from the prior year.

R&D Spending

$559K

YoY-43.2%

5Y CAGR-14.3%

10Y CAGR-8.9%

LOGICMARK INC invested $559K in research and development in fiscal year 2024. This represents a decrease of 43.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$26K

YoY-52.1%

LOGICMARK INC invested $26K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 52.1% from the prior year.

LGMKD Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$9.9M-0.3%	$9.9M-16.7%	$11.9M+18.9%	$10.0M-12.4%	$11.4M-33.2%	$17.1M
Cost of Revenue	$3.3M+0.5%	$3.3M-30.2%	$4.7M+10.6%	$4.2M+12.5%	$3.8M-13.8%	$4.4M
Gross Profit	$6.6M-0.7%	$6.7M-7.9%	$7.2M+25.0%	$5.8M-24.6%	$7.7M-39.9%	$12.8M
R&D Expenses	$559K-43.2%	$983K-20.8%	$1.2M+33.1%	$933K-15.9%	$1.1M-8.2%	$1.2M
SG&A Expenses	$7.6M-10.1%	$8.5M-6.2%	$9.0M+55.4%	$5.8M+10.2%	$5.3M-7.4%	$5.7M
Operating Income	-$7.7M+50.0%	-$15.3M-121.9%	-$6.9M+8.5%	-$7.5M-1187.8%	-$586K-122.7%	$2.6M
Interest Expense	N/A	$310K+324.6%	-$138K-109.7%	$1.4M-36.8%	$2.3M-25.4%	$3.0M
Income Tax	$10K+103.2%	-$310K-324.6%	$138K-32.5%	$204K+720.8%	$25K+107.5%	-$333K
Net Income	-$9.0M+38.1%	-$14.6M-110.1%	-$6.9M+40.9%	-$11.7M-308.7%	-$2.9M+75.7%	-$11.8M
EPS (Diluted)	$-14.65	$-291.52	$-15.15	$-2.23	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$2.9M+2.2%	$2.9M+10.1%	$2.6M+15.2%	$2.2M-16.9%	$2.7M+15.8%	$2.3M-10.5%	$2.6M+7.6%	$2.4M
Cost of Revenue	$996K+7.6%	$926K-2.2%	$947K+25.0%	$757K-16.2%	$904K+15.7%	$781K-7.4%	$844K-60.2%	$2.1M
Gross Profit	$1.9M-0.4%	$1.9M+17.1%	$1.6M+10.3%	$1.5M-17.2%	$1.8M+15.9%	$1.6M-12.0%	$1.8M+10.4%	$1.6M
R&D Expenses	$161K+16.9%	$138K-11.2%	$155K+0.6%	$155K+59.9%	$97K-27.6%	$134K-23.2%	$174K-1.1%	$176K
SG&A Expenses	$1.7M-27.2%	$2.3M+1.9%	$2.3M+12.5%	$2.0M+16.7%	$1.7M-12.9%	$2.0M+4.4%	$1.9M+10.4%	$1.7M
Operating Income	-$1.7M+18.6%	-$2.1M+9.8%	-$2.4M-7.7%	-$2.2M-37.2%	-$1.6M+22.8%	-$2.1M-14.7%	-$1.8M+80.8%	-$9.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.6M+20.8%	-$2.1M+6.3%	-$2.2M+40.8%	-$3.7M-143.7%	-$1.5M+25.5%	-$2.0M-16.9%	-$1.7M+80.6%	-$9.0M
EPS (Diluted)	$-2.21	$0.00	$-0.12	N/A	$-3732.56	$-24.12-14.0%	$-21.15	N/A

LGMKD Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$14.2M-16.4%	$17.0M-33.6%	$25.6M-14.9%	$30.1M+11.8%	$26.9M+7.6%	$25.0M
Current Assets	$5.3M-33.7%	$8.0M-15.6%	$9.5M-34.0%	$14.4M+145.0%	$5.9M+75.2%	$3.4M
Cash & Equivalents	$3.8M-40.6%	$6.4M-8.3%	$7.0M-42.1%	$12.0M+174.5%	$4.4M+176.4%	$1.6M
Inventory	$1.0M-10.9%	$1.2M-32.5%	$1.7M+41.1%	$1.2M+61.2%	$767K-41.1%	$1.3M
Accounts Receivable	$4K-68.1%	$14K-96.6%	$403K+307.7%	$99K-26.2%	$134K+247.1%	$39K
Goodwill	$3.1M0.0%	$3.1M-71.3%	$11.0M0.0%	$11.0M-29.2%	$15.5M0.0%	$15.5M
Total Liabilities	$2.0M-3.6%	$2.1M-26.3%	$2.9M+65.3%	$1.7M-89.2%	$16.0M-3.3%	$16.5M
Current Liabilities	$2.0M-1.2%	$2.1M-14.9%	$2.4M+79.9%	$1.3M-79.3%	$6.5M+14.1%	$5.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$10.4M-20.8%	$13.1M-37.5%	$21.0M-21.1%	$26.6M+190.3%	$9.2M+36.4%	$6.7M
Retained Earnings	-$109.2M-9.0%	-$100.2M-17.0%	-$85.6M-8.8%	-$78.7M-20.2%	-$65.4M-5.9%	-$61.8M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$22.4M-4.6%	$23.5M-7.0%	$25.2M+77.3%	$14.2M-11.4%	$16.0M+19.9%	$13.4M-15.0%	$15.7M-7.5%	$17.0M
Current Assets	$13.5M-6.7%	$14.5M-12.1%	$16.5M+208.9%	$5.3M-23.8%	$7.0M+58.4%	$4.4M-34.8%	$6.8M-15.7%	$8.0M
Cash & Equivalents	$4.1M-17.6%	$5.0M-44.4%	$9.0M+136.8%	$3.8M-32.0%	$5.6M+88.7%	$3.0M-41.4%	$5.0M-21.1%	$6.4M
Inventory	$1.0M+32.8%	$790K+14.6%	$690K-34.3%	$1.0M+28.1%	$819K+20.7%	$679K-23.5%	$887K-24.7%	$1.2M
Accounts Receivable	$8K-94.5%	$149K-36.6%	$235K+5291.2%	$4K-96.3%	$117K+877.8%	$12K-95.4%	$260K+1802.3%	$14K
Goodwill	$3.1M0.0%	$3.1M0.0%	$3.1M0.0%	$3.1M0.0%	$3.1M0.0%	$3.1M0.0%	$3.1M0.0%	$3.1M
Total Liabilities	$2.7M+21.5%	$2.2M+2.1%	$2.2M+8.6%	$2.0M+7.9%	$1.9M+17.3%	$1.6M-29.1%	$2.3M+7.4%	$2.1M
Current Liabilities	$2.4M+25.3%	$1.9M-11.8%	$2.2M+7.5%	$2.0M+7.9%	$1.9M+18.3%	$1.6M-28.6%	$2.2M+8.5%	$2.1M
Long-Term Debt	N/A	$309K	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$17.8M-8.1%	$19.4M-8.5%	$21.2M+104.2%	$10.4M-15.9%	$12.4M+24.0%	$10.0M-14.6%	$11.7M-10.9%	$13.1M
Retained Earnings	-$115.0M-1.4%	-$113.4M-1.8%	-$111.4M-2.0%	-$109.2M-3.5%	-$105.5M-1.5%	-$103.9M-2.0%	-$101.9M-1.7%	-$100.2M

LGMKD Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$4.3M+1.4%	-$4.3M-19.6%	-$3.6M+39.0%	-$5.9M-1789.7%	-$313K-114.0%	$2.2M
Capital Expenditures	$26K-52.1%	$53K-81.1%	$282K	N/A	N/A	N/A
Free Cash Flow	-$4.3M+2.0%	-$4.4M-12.3%	-$3.9M	N/A	N/A	N/A
Investing Cash Flow	-$1.5M-6.3%	-$1.4M-5.0%	-$1.3M	N/A	N/A	N/A
Financing Cash Flow	$3.1M-38.1%	$5.0M+1783.3%	-$300K-102.2%	$13.6M+337.9%	$3.1M+255.5%	-$2.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$759K+24.7%	-$1.0M+38.9%	-$1.7M-66.3%	-$993K-54.5%	-$643K+57.9%	-$1.5M-40.0%	-$1.1M-50.7%	-$724K
Capital Expenditures	$17K	N/A	N/A	$2K-63.7%	$7K+110.4%	$3K-77.2%	$14K+476.3%	$2K
Free Cash Flow	-$776K	N/A	N/A	-$996K-53.3%	-$649K+57.6%	-$1.5M-38.5%	-$1.1M-52.1%	-$726K
Investing Cash Flow	-$5K+99.8%	-$2.4M+60.4%	-$6.2M-1400.1%	-$411K+14.8%	-$483K-21.0%	-$399K-137.5%	-$168K+50.3%	-$338K
Financing Cash Flow	-$132K+74.9%	-$526K-104.0%	$13.0M+3571.9%	-$375K-110.0%	$3.8M+2425.3%	-$161K-76.2%	-$92K-112.8%	$717K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LGMKD Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	66.8%-0.3pp	67.1%+6.4pp	60.7%+3.0pp	57.7%-9.4pp	67.1%-7.4pp	74.5%
Operating Margin	-77.5%+76.9pp	-154.4%-96.4pp	-58.0%+17.3pp	-75.3%-70.2pp	-5.1%-20.2pp	15.0%
Net Margin	-90.9%+55.6pp	-146.5%-88.4pp	-58.1%+58.7pp	-116.8%-91.8pp	-25.0%+43.7pp	-68.8%
Return on Equity	-86.7%+24.3pp	-111.0%-78.0pp	-33.0%+11.0pp	-44.0%-12.8pp	-31.3%+144.3pp	-175.6%
Return on Assets	-63.3%+22.2pp	-85.5%-58.5pp	-27.0%+11.9pp	-38.9%-28.2pp	-10.6%+36.4pp	-47.1%
Current Ratio	2.63-1.3	3.92-0.0	3.95-6.8	10.76+9.9	0.91+0.3	0.59
Debt-to-Equity	0.20+0.0	0.16+0.0	0.14+0.1	0.06-1.7	1.74-0.7	2.46
FCF Margin	-43.2%+0.8pp	-44.0%-11.3pp	-32.7%	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	65.8%-1.7pp	67.5%+4.1pp	63.5%-2.9pp	66.3%-0.3pp	66.6%+0.0pp	66.6%-1.1pp	67.7%+1.7pp	66.0%
Operating Margin	-59.6%+15.2pp	-74.7%+16.5pp	-91.2%+6.4pp	-97.6%-38.5pp	-59.1%+29.5pp	-88.6%-19.5pp	-69.2%+317.8pp	-387.0%
Net Margin	-55.8%+16.2pp	-71.9%+12.6pp	-84.5%+80.0pp	-164.6%-108.4pp	-56.1%+31.1pp	-87.3%-20.5pp	-66.8%+304.4pp	-371.2%
Return on Equity	-9.1%+1.5pp	-10.6%-0.3pp	-10.3%+25.3pp	-35.6%-23.3pp	-12.3%+8.2pp	-20.5%-5.5pp	-14.9%+53.8pp	-68.7%
Return on Assets	-7.3%+1.5pp	-8.8%-0.1pp	-8.7%+17.3pp	-26.0%-16.6pp	-9.5%+5.8pp	-15.2%-4.2pp	-11.1%+41.8pp	-52.9%
Current Ratio	5.61-1.9	7.54-0.0	7.56+4.9	2.63-1.1	3.73+0.9	2.78-0.3	3.04-0.9	3.92
Debt-to-Equity	0.15+0.1	0.02-0.1	0.10-0.1	0.20+0.0	0.150.0	0.16-0.0	0.19+0.0	0.16
FCF Margin	-26.6%	N/A	N/A	-44.3%-20.3pp	-24.0%+41.5pp	-65.5%-23.2pp	-42.3%-12.4pp	-29.9%

Frequently Asked Questions

What is LOGICMARK INC's annual revenue?

LOGICMARK INC (LGMKD) reported $9.9M in total revenue for fiscal year 2024. This represents a -0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is LOGICMARK INC's revenue growing?

LOGICMARK INC (LGMKD) revenue declined by 0.3% year-over-year, from $9.9M to $9.9M in fiscal year 2024.

Is LOGICMARK INC profitable?

No, LOGICMARK INC (LGMKD) reported a net income of -$9.0M in fiscal year 2024, with a net profit margin of -90.9%.

What is LOGICMARK INC's earnings per share (EPS)?

LOGICMARK INC (LGMKD) reported diluted earnings per share of $-14.65 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is LOGICMARK INC's EBITDA?

LOGICMARK INC (LGMKD) had EBITDA of -$6.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is LOGICMARK INC's gross margin?

LOGICMARK INC (LGMKD) had a gross margin of 66.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is LOGICMARK INC's operating margin?

LOGICMARK INC (LGMKD) had an operating margin of -77.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is LOGICMARK INC's net profit margin?

LOGICMARK INC (LGMKD) had a net profit margin of -90.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is LOGICMARK INC's return on equity (ROE)?

LOGICMARK INC (LGMKD) has a return on equity of -86.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is LOGICMARK INC's free cash flow?

LOGICMARK INC (LGMKD) generated -$4.3M in free cash flow during fiscal year 2024. This represents a 2.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is LOGICMARK INC's operating cash flow?

LOGICMARK INC (LGMKD) generated -$4.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are LOGICMARK INC's total assets?

LOGICMARK INC (LGMKD) had $14.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are LOGICMARK INC's capital expenditures?

LOGICMARK INC (LGMKD) invested $26K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does LOGICMARK INC spend on research and development?

LOGICMARK INC (LGMKD) invested $559K in research and development during fiscal year 2024.

How many shares does LOGICMARK INC have outstanding?

LOGICMARK INC (LGMKD) had 3,198 shares outstanding as of fiscal year 2024.

What is LOGICMARK INC's current ratio?

LOGICMARK INC (LGMKD) had a current ratio of 2.63 as of fiscal year 2024, which is generally considered healthy.

What is LOGICMARK INC's debt-to-equity ratio?

LOGICMARK INC (LGMKD) had a debt-to-equity ratio of 0.20 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is LOGICMARK INC's return on assets (ROA)?

LOGICMARK INC (LGMKD) had a return on assets of -63.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is LOGICMARK INC's cash runway?

Based on fiscal year 2024 data, LOGICMARK INC (LGMKD) had $3.8M in cash against an annual operating cash burn of $4.3M. This gives an estimated cash runway of approximately 11 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is LOGICMARK INC's Piotroski F-Score?

LOGICMARK INC (LGMKD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are LOGICMARK INC's earnings high quality?

LOGICMARK INC (LGMKD) has an earnings quality ratio of 0.47x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is LOGICMARK INC?

LOGICMARK INC (LGMKD) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.