LogicMark, Inc. financial data

Symbol
LGMK on Nasdaq
Industry
Orthopedic, Prosthetic & Surgical Appliances & Supplies
Location
2801 Diode Lane, Louisville, Kentucky
State of incorporation
Nevada
Fiscal year end
December 31
Former names
Nxt-ID, Inc. (to 2/24/2022)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 436 % -26%
Quick Ratio 55.8 % -5.95%
Debt-to-equity 12.3 % +23.5%
Return On Equity -85.2 % -164%
Return On Assets -69.2 % -153%
Operating Margin -157 % -131%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 2.2M shares -91%
Common Stock, Shares, Outstanding 2.15M shares +76.2%
Entity Public Float 3.78M USD -61.3%
Common Stock, Value, Issued 216 USD +75.6%
Weighted Average Number of Shares Outstanding, Basic 2.15M shares +116%
Weighted Average Number of Shares Outstanding, Diluted 2.15M shares +116%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 9.73M USD -12.1%
Cost of Revenue 844K USD -10.9%
Research and Development Expense 843K USD -34.8%
Selling and Marketing Expense 2.33M USD +69.8%
General and Administrative Expense 7.96M USD -12.6%
Operating Income (Loss) -15.2M USD -103%
Nonoperating Income (Expense) 52.4K USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -14.8M USD -101%
Income Tax Expense (Benefit) 138K USD -32.5%
Net Income (Loss) Attributable to Parent -14.5M USD -93.5%
Earnings Per Share, Basic -10.6 USD/shares +25.3%
Earnings Per Share, Diluted -10.6 USD/shares +25.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 5.05M USD -48.4%
Accounts Receivable, after Allowance for Credit Loss, Current 260K USD
Inventory, Net 887K USD -21.8%
Assets, Current 6.78M USD -40.1%
Property, Plant and Equipment, Net 187K USD -26%
Operating Lease, Right-of-Use Asset 98.3K USD -40.3%
Goodwill 3.14M USD -71.3%
Assets 15.7M USD -42.7%
Accounts Payable, Current 760K USD +45.8%
Accrued Liabilities, Current 1.47M USD
Liabilities, Current 2.23M USD +75.2%
Other Liabilities, Noncurrent 51.8K USD
Liabilities 2.26M USD +33.3%
Retained Earnings (Accumulated Deficit) -102M USD -16.5%
Stockholders' Equity Attributable to Parent 11.7M USD -51.3%
Liabilities and Equity 15.7M USD -42.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.09M USD +21.1%
Net Cash Provided by (Used in) Financing Activities -91.6K USD -102%
Net Cash Provided by (Used in) Investing Activities -168K USD -17%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 2.15M shares +76.2%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 5.05M USD -48.7%
Deferred Tax Assets, Valuation Allowance 20.8M USD +20%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 20.9M USD +14.9%
Operating Lease, Liability 104K USD
Depreciation 28.2K USD +10.5%
Payments to Acquire Property, Plant, and Equipment 5.73K USD -84.5%
Lessee, Operating Lease, Liability, to be Paid 115K USD -42.8%
Property, Plant and Equipment, Gross 738K USD +62%
Lessee, Operating Lease, Liability, to be Paid, Year Two 54.4K USD -39.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 54.4K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.13 pure
Deferred Income Tax Expense (Benefit) -320K USD -357%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 10.5K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 54.4K USD -32%
Deferred Tax Assets, Operating Loss Carryforwards 15.3M USD +11.6%
Deferred Federal Income Tax Expense (Benefit) -106K USD -391%
Current Income Tax Expense (Benefit) 10.3K USD -26%
Preferred Stock, Shares Authorized 10M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 54.4K USD 0%
Additional Paid in Capital 113M USD +1.96%
Current State and Local Tax Expense (Benefit) 10.3K USD -26%
Amortization of Intangible Assets 190K USD 0%
Depreciation, Depletion and Amortization 25.5K USD +9841%
Share-based Payment Arrangement, Expense 400K USD 0%
Deferred State and Local Income Tax Expense (Benefit) -214K USD -344%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%