LogicMark, Inc. Announces Strong First Quarter 2026 Results
Rhea-AI Summary
LogicMark (OTC:LGMK) reported first quarter 2026 revenue of $3.2 million, up 24% year-over-year, with gross margin expanding to 69.6% and gross profit of $2.2 million. Total operating expenses fell 7% to $3.7 million.
Operating loss narrowed 36% to $1.5 million, and net loss attributable to common stockholders was $1.5 million, or $1.68 per share. As of March 31, 2026, cash and investments totaled $7.5 million with no long-term debt. Management highlighted a shift toward connected-care platforms, including an upcoming wearable watch and AI-powered home hub.
AI-generated analysis. Not financial advice.
Positive
- Revenue up 24% year-over-year to $3.2 million in Q1 2026
- Gross profit rose 36% to $2.2 million with 69.6% margin
- Gross margin expanded 610 basis points versus prior-year quarter
- Total operating expenses decreased 7% to $3.7 million
- Operating loss improved 36% to $1.5 million
- Cash and investments of $7.5 million with no long-term debt
Negative
- Company still reported a Q1 2026 operating loss of $1.5 million
- Net loss attributable to common stockholders was $1.5 million in Q1 2026
- Operating expenses of $3.7 million exceeded gross profit of $2.2 million in Q1 2026
News Market Reaction – LGMK
On the day this news was published, LGMK declined 0.13%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While LGMK fell 27.9%, peers showed mixed performance: MDRM declined 26.67% and MITI fell 8.34%, while others were flat. No broad, clearly coordinated sector move is indicated.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 25 | Q4 & FY 2025 earnings | Positive | -33.0% | Strong Q4 and full-year 2025 results with higher revenue and margins. |
| Nov 12 | Q3 2025 earnings | Positive | -51.9% | Q3 2025 revenue growth, stable 66% margin, but ongoing net loss. |
| Aug 12 | Q2 2025 earnings | Positive | +12.8% | Q2 2025 revenue up 22% with improved gross profit and strong liquidity. |
| Nov 12 | Q3 2024 earnings | Positive | -21.6% | Q3 2024 double-digit sales and gross profit growth with flat opex. |
| Aug 13 | Q2 2024 earnings | Neutral | -10.2% | Q2 2024 modest revenue growth with lower margins and reduced expenses. |
Earnings releases have often been followed by negative price moves despite generally positive operational trends, with only one of the last five earnings events seeing a positive next-day reaction.
Across recent earnings, LogicMark has repeatedly reported year-over-year revenue growth, high-60s gross margins, and a consistent cash position with no long-term debt. Events on Aug 13, 2024, Nov 12, 2024, Aug 12, 2025, Nov 12, 2025, and Mar 25, 2026 all highlighted sales growth and product expansion. Yet, four of these five earnings releases were followed by notable share-price declines, underscoring a pattern where the stock has often sold off around financial updates.
Historical Comparison
In the past five earnings releases, LGMK’s average next-day move was -20.78%. Today’s -27.9% reaction to Q1 2026 results is somewhat more negative but directionally consistent.
Earnings updates show a progression of rising revenues, high-60s gross margins, ongoing net losses, and a maintained debt-free balance sheet, alongside a growing product portfolio and government channel wins.
Market Pulse Summary
This announcement reports Q1 2026 revenue of $3.2 million, up 24% year-over-year, with gross margin expanding to 69.6% and operating loss narrowing to $1.5 million. Cash and investments totaled $7.5 million with no long-term debt. Compared with prior earnings updates, the company continues to emphasize product expansion and margin improvement while remaining unprofitable. Investors may watch future quarters for sustained growth, expense discipline, and progress on upcoming product launches.
Key Terms
basis points financial
reverse stock split regulatory
AI-generated analysis. Not financial advice.
Revenue Up
LOUISVILLE, Ky., May 13, 2026 (GLOBE NEWSWIRE) -- LogicMark, Inc. (OTC: LGMK) (the “Company”), a provider of personal safety and emergency response systems (PERS), health communications devices, and technology for the growing care and safety economy, today announced financial and operational results for the first quarter ended March 31, 2026.
Financial Highlights
- First quarter 2026 revenue increased
24% to$3.2 million compared to the same period last year. Revenue has increased year-over-year in seven of the last eight quarters. - Gross margin expanded 610 basis points to
69.6% , up from63.5% in the prior-year period. - Total operating expenses declined
7% to$3.7 million , compared with$4.0 million in the prior-year period. - Operating loss narrowed to
$1.5 million , compared with an operating loss of$2.4 million in the prior-year period. - As of March 31, 2026, cash and investments totaled
$7.5 million , and the Company had no long-term debt.
Chia-Lin Simmons, CEO of LogicMark, commented, “Our first-quarter results showed strong momentum, with meaningful improvement in sales and gross margin, narrowing our operating loss. These results validate the business model we have been pursuing.
LogicMark is steadily evolving from a personal-safety hardware company into a connected-care platform, with newly introduced products and a pipeline designed to accelerate that transition. The wearable watch we plan to launch later this year will offer advanced health monitoring, and the connected-home hub now entering beta testing introduces AI-powered fall detection that requires no wearable device. Together, these innovations extend our offerings from reactive alerting to predictive AI-enabled care for the families and veterans we serve. These solutions are built on a foundation of more than 45 issued or pending patents and complement the continued strength of our core devices.
Looking ahead, we are focused on three priorities: scaling distribution across healthcare, government, and B2B channels; bringing our next-generation products to market; and protecting profitability through pricing, productivity, and disciplined cost management in a dynamic macro environment. With
First Quarter 2026 Results
Revenue for the first quarter ended March 31, 2026, was
Gross profit for the first quarter improved
Total operating expenses for the first quarter were
Operating loss for the first quarter was
Net loss attributable to common stockholders was
As of March 31, 2026, the Company reported cash and investments of
Investor Call and SEC Filings
Ms. Chia-Lin Simmons, Chief Executive Officer, and Mr. Mark Archer, Chief Financial Officer, will host a live conference call and webcast today at 4:30 PM (EDT) / 1:30 PM (PDT) to review the results.
To listen to the live webcast, please visit the LogicMark Investor Relations website or use the link: https://edge.media-server.com/mmc/p/pc9vm77u
Analysts wishing to participate in the live call should register here:
https://register-conf.media-server.com/register/BIc30647f970864cb5a40fcf4166c9f751
The associated press release, SEC filings, and webcast replay will also be accessible on the investor relations website.
About LogicMark, Inc.
LogicMark, Inc. (OTC: LGMK) delivers advanced personal safety and medical alert solutions for people of all ages, empowering them to live with dignity and independence. With over 45 patents issued or pending, the Company’s proprietary Connected Care Platform integrates IoT devices, AI-powered sensors, and machine learning to enable real-time remote patient monitoring, fall detection, and instant caregiver alerts. LogicMark delivers secure, reliable connected-care solutions through the U.S. Department of Veterans Affairs, resellers, business-to-business and consumer channels, and through a U.S. General Services Administration (GSA) Multiple Award Schedule contract, enabling procurement by federal, state, and local governments. Learn more at www.logicmark.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to, among other things, the Company’s financial results for the first quarter of 2026 and related call and webcast, and the successful execution of the Company’s business strategy, including expectations regarding revenue growth, gross margin, operating expense trends, subscription revenue, channel mix, new product launches, supply-chain transitions, and liquidity. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, the Company’s ability to establish and maintain the proprietary nature of its technology through the patent process, as well as the ability to license from others patents and patent applications necessary to develop products; the need and availability of financing; the Company’s ability to implement its long-range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition; the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; tariff and trade-related risks; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the SEC. There can be no assurance that a broker will continue to make a market in the Company’s common stock or that trading of the common stock will continue on an over-the-counter market or elsewhere. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may differ materially from those described in this press release as intended, planned, anticipated, believed, estimated, or expected. Any forward-looking statement made by the Company in this press release is based on information currently available to the Company and speaks only as of the date on which it is made. Except to the extent required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances, or assumptions underlying such statements, or otherwise.
Investor Relations Contact
| LogicMark, Inc | ||||||||
| BALANCE SHEETS | ||||||||
| (Unaudited) | ||||||||
| March 31, | December 31, | |||||||
| 2026 | 2025 | |||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 2,109,529 | $ | 3,567,487 | ||||
| Investments | 5,377,685 | 5,943,218 | ||||||
| Accounts receivable, net | 6,384 | 5,812 | ||||||
| Inventory | 1,841,286 | 1,400,305 | ||||||
| Prepaid expenses and other current assets | 693,195 | 681,265 | ||||||
| Total Current Assets | 10,028,079 | 11,598,087 | ||||||
| Property and equipment, net | 128,325 | 113,929 | ||||||
| Right-of-use assets, net | 311,133 | 324,058 | ||||||
| Product development costs, net of amortization of | 1,446,414 | 1,257,447 | ||||||
| Software development costs, net of amortization of | 2,223,878 | 2,454,909 | ||||||
| Goodwill | 3,143,662 | 3,143,662 | ||||||
| Other intangible assets, net of amortization of | 1,224,017 | 1,414,466 | ||||||
| Total Assets | $ | 18,505,508 | $ | 20,306,558 | ||||
| Liabilities, Series C Redeemable Preferred Stock and Stockholders’ Equity | ||||||||
| Current Liabilities | ||||||||
| Accounts payable | $ | 344,637 | $ | 563,990 | ||||
| Accrued expenses | 1,016,063 | 1,128,424 | ||||||
| Deferred revenue | 231,092 | 239,916 | ||||||
| Total Current Liabilities | 1,591,792 | 1,932,330 | ||||||
| Other long-term liabilities | 269,049 | 282,899 | ||||||
| Total Liabilities | 1,860,841 | 2,215,229 | ||||||
| Commitments and Contingencies (Note 9) | ||||||||
| Series C Redeemable Preferred Stock | ||||||||
| Series C redeemable preferred stock, par value | 1,807,300 | 1,807,300 | ||||||
| Stockholders’ Equity | ||||||||
| Preferred stock, par value | ||||||||
| Series F preferred stock, par value | 319,000 | 319,000 | ||||||
| Common stock, par value | 91 | 91 | ||||||
| Additional paid-in capital | 132,601,746 | 132,597,001 | ||||||
| Accumulated deficit | (118,083,470 | ) | (116,632,063 | ) | ||||
| Total Stockholders’ Equity | 14,837,367 | 16,284,029 | ||||||
| Total Liabilities, Series C Redeemable Preferred Stock and Stockholders’ Equity | $ | 18,505,508 | $ | 20,306,558 | ||||
| LogicMark, Inc. | ||||||||
| CONDENSED STATEMENT OF OPERATIONS | ||||||||
| (Unaudited) | ||||||||
| For the Three Months Ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| Revenues | $ | 3,214,280 | $ | 2,591,824 | ||||
| Costs of goods sold | 977,492 | 946,597 | ||||||
| Gross Profit | 2,236,788 | 1,645,227 | ||||||
| Operating Expenses | ||||||||
| Direct operating cost | 377,679 | 343,626 | ||||||
| Advertising costs | 78,375 | 174,590 | ||||||
| Selling and marketing | 805,550 | 517,100 | ||||||
| Research and development | 123,436 | 155,489 | ||||||
| General and administrative | 1,728,733 | 2,269,504 | ||||||
| Other expense | 16,281 | 49,611 | ||||||
| Depreciation and amortization | 612,101 | 499,425 | ||||||
| Total Operating Expenses | 3,742,155 | 4,009,345 | ||||||
| Operating Loss | (1,505,367 | ) | (2,364,118 | ) | ||||
| Other Income | ||||||||
| Interest income | 96,227 | 45,213 | ||||||
| Other (expense) income, net | (42,267 | ) | 127,919 | |||||
| Total Other Income | 53,960 | 173,132 | ||||||
| Loss Before Income Taxes | (1,451,407 | ) | (2,190,986 | ) | ||||
| Income tax expense | - | - | ||||||
| Net Loss | (1,451,407 | ) | (2,190,986 | ) | ||||
| Preferred stock dividends | (75,000 | ) | (75,000 | ) | ||||
| Net Loss Attributable to Common Stockholders | (1,526,407 | ) | (2,265,986 | ) | ||||
| Net Loss Attributable to Common Stockholders Per Share - Basic and Diluted | $ | (1.68 | ) | $ | (93.50 | ) | ||
| Weighted Average Number of Common Shares Outstanding - Basic and Diluted | 906,059 | 24,235 | ||||||
