LOGICMARK INC Stock Price, News & Analysis

LogicMark, Inc. (Nasdaq: LGMK) has appointed Brady Farrell as Vice President of Sales, effective immediately. With extensive experience in MedTech, including leadership roles at KBK Healthcare Consulting and Avinger Medical, Farrell is expected to drive sales growth and expand distribution. CEO Chia-Lin Simmons expressed confidence in Farrell's capabilities to meet ambitious sales goals, while Farrell himself looks forward to contributing to the company's success within the care economy. LogicMark provides personal emergency response systems and has contracts with the U.S. government for its products.

LogicMark, Inc. (Nasdaq: LGMK) reported a 15% revenue growth for Q3 2022, reaching $2.8 million, largely due to increased sales to VA hospitals. The company saw a 51% rise in gross profit to $1.7 million and improved gross margin at 62%. However, net loss rose to $2.2 million, compared to $724,005 in the previous year. Operating costs surged 51%, driven by marketing and R&D expenses. The firm continues to expand its product offerings and intellectual property, recently hiring key personnel. Cash reserves stand at $9.3 million, with no debt reported.

LogicMark, Inc. (Nasdaq: LGMK) will release its third quarter 2022 financial results on November 10, 2022, after market close. A conference call will follow at 1:30 PM PDT / 4:30 PM EDT, where management will discuss the results and provide a corporate update, including a Q&A session. LogicMark is known for its personal emergency response systems and has contracts with the U.S. Veterans Health Administration and the General Services Administration, enabling distribution to government entities.

LogicMark (Nasdaq: LGMK) announced the appointment of Garett Hunter as its Senior Vice President of Marketing, effective October 17, 2022. Hunter brings over 20 years of marketing experience from roles at LifeMD and other companies. CEO Chia-Lin Simmons praised Hunter's extensive leadership and marketing expertise, emphasizing the company's goal to lead in the care economy. Hunter expressed enthusiasm about joining LogicMark and aims to enhance the company's market presence and revenue in the emerging care economy.

LogicMark, Inc. (Nasdaq: LGMK) announced that CEO Chia-Lin Simmons and CFO Mark Archer will present a corporate overview at the LD Micro Main Event XV, scheduled for October 25, 2022, at 1:00 PM PT in Los Angeles. Attendees can register to watch the presentation online. The event is a platform for the company to showcase its innovations in personal emergency response systems and health communications technologies, highlighting products designed to enhance home care.

One-on-one meetings with the executives are also available throughout the conference.

LogicMark, Inc. (LGMK), a leader in personal emergency response systems (PERS), announced that CEO Chia-Lin Simmons will present at the MicroCap Rodeo Windy City Roundup Conference on October 12, 2022, at 4:00 PM CDT. The event will take place at the Swissotel Chicago, where management will also conduct one-on-one meetings with registered investors. The conference aims to provide insights into the company's strategy within the health communications sector.

For additional details, visit the webcast link.

LogicMark, Inc. (Nasdaq: LGMK) has appointed John Federico as its new senior director of product, effective September 7, 2022. Federico brings extensive product management experience from roles at lottery.com, Cisco, and Dell Technologies. CEO Chia-Lin Simmons expressed optimism about Federico's ability to drive innovation in the evolving care economy. LogicMark aims to enhance its personal emergency response systems (PERS) and health communication devices, focusing on affordability and accessibility for consumers.

LogicMark, a provider of personal emergency response systems, announced that CEO Chia-Lin Simmons will present at the 24th Annual H.C. Wainwright Global Investment Conference from September 12-14, 2022. The virtual presentation will be available on-demand for registered attendees starting September 12 at 7:00 am ET. Following the conference, management will host one-on-one meetings. LogicMark specializes in affordable health communication technologies, enhancing at-home care and the ability to age in place, and has contracts with the U.S. Veterans Health Administration and the General Services Administration.

LogicMark, Inc. (Nasdaq: LGMK) held its annual general meeting on August 25, 2022, where all five board nominees were elected. Notably, the appointment of BPM as the independent accounting firm was not ratified by majority vote; however, the board reaffirmed their decision for BPM to serve in that capacity for fiscal 2022. The 2022 Stock Incentive Plan and the reincorporation from Delaware to Nevada also failed to gain majority approval. CEO Chia-Lin Simmons acknowledged shareholder support and highlighted ongoing growth plans.