Welcome to our dedicated page for LOGICMARK news (Ticker: LGMK), a resource for investors and traders seeking the latest updates and insights on LOGICMARK stock.
LogicMark, Inc. provides personal safety and personal emergency response systems, health communications devices, personal safety apps and connected-care technology under OTC symbol LGMK. Company news centers on financial results, operating updates and product features for its Connected Care Platform, including Freedom Alert Max services such as Medication Reminders and Activity Metrics.
Recurring updates also describe the company’s use of IoT devices, AI-powered sensors and machine learning for remote patient monitoring, fall detection and caregiver alerts. Distribution and customer-channel news includes sales through the U.S. Department of Veterans Affairs, resellers, business-to-business and direct-to-consumer channels, and government procurement through a GSA Multiple Award Schedule contract.
LogicMark, Inc. (NASDAQ: LGMK) will release its first-quarter 2022 financial results on May 12, 2022, after market close. Management will host a conference call at 1:30 PM PDT (4:30 PM EDT) to discuss the results and provide a corporate update. Stakeholders can participate via a webcast or by dialing into the conference call using the provided credentials. LogicMark specializes in personal emergency response systems, health communication devices, and IoT technologies aimed at enhancing home care and supporting aging in place.
LogicMark, Inc. (Nasdaq: LGMK) reported Q4 and full-year financial results for 2021, revealing a 6% year-over-year revenue decline in Q4 to $2.4 million, with an annual revenue drop of 12% to $10.0 million. Gross profit also fell by 26% for the year. Operating expenses surged 60% to $13.2 million due to non-cash impairment charges. The company aims to enhance growth through new product launches and market partnerships in 2022. LogicMark has taken steps to regain Nasdaq compliance and is focusing on transitioning to 4G products in response to the shutdown of 3G networks.
LogicMark, Inc. (NASDAQ: LGMK) has announced a rescheduled earnings call on April 19, 2022, to discuss its fourth quarter and full-year 2021 financial results. CEO Chia-Lin Simmons and CFO Mark Archer will host this call at 11:00 AM (PDT) / 2:00 PM (EDT). Investors can register through the LogicMark Investor Relations website. The company's personal emergency response systems (PERS) and IoT technologies continue to support its mission to enable home care and promote confidence in aging in place.
LogicMark (NASDAQ: LGMK) has rescheduled its conference call to discuss the fourth quarter and full year 2021 financial results, initially set for March 30, 2022, at 11:00 AM PDT. CEO Chia-Lin Simmons stated that 2021 was a transitional year as the company assessed its management and corporate infrastructure. The upcoming call will outline their strategic plans for growth. LogicMark provides personal emergency response systems and IoT technologies to enhance connected care.
LogicMark, Inc. (NASDAQ: LGMK) announced the appointment of John Pettitt to its Board of Directors, bringing nearly 40 years of experience in technology and entrepreneurship. Pettitt has a notable background in e-commerce and multiple successful startups, including CyberSource and Relay Media. His expertise is expected to enhance LogicMark's growth and product evolution in the Personal Emergency Response Systems (PERS) category. CEO Chia-Lin Simmons expressed confidence in Pettitt's ability to provide invaluable insights as the company aims to improve care technology for seniors.