LogicMark, Inc. financial data

Symbol
LGMK on Nasdaq
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
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 357 % -37.4%
Quick Ratio 49.8 % -25.9%
Debt-to-equity 14.9 % +49.4%
Return On Equity -102 % -166%
Return On Assets -79.9 % -146%
Operating Margin -154 % -79%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 6.07M shares +358%
Common Stock, Shares, Outstanding 2.19M shares +65.6%
Entity Public Float 3.78M USD -61.3%
Common Stock, Value, Issued 220 USD +65.4%
Weighted Average Number of Shares Outstanding, Basic 2.19M shares +70.8%
Weighted Average Number of Shares Outstanding, Diluted 2.19M shares +70.8%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 9.74M USD -2.94%
Cost of Revenue 3.22M USD +7.43%
Research and Development Expense 726K USD -45.8%
Selling and Marketing Expense 2.33M USD +69.8%
General and Administrative Expense 7.5M USD -20.5%
Operating Income (Loss) -15M USD -73.7%
Nonoperating Income (Expense) 52.4K USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -14.5M USD -71.2%
Net Income (Loss) Attributable to Parent -14.2M USD -64.9%
Earnings Per Share, Basic -9.72 USD/shares +28.1%
Earnings Per Share, Diluted -9.72 USD/shares +28.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.96M USD -61.3%
Accounts Receivable, after Allowance for Credit Loss, Current 11.9K USD
Inventory, Net 679K USD -31.3%
Assets, Current 4.42M USD -52.5%
Property, Plant and Equipment, Net 162K USD -36.3%
Operating Lease, Right-of-Use Asset 82.3K USD -43.7%
Goodwill 3.14M USD -71.3%
Assets 13.4M USD -47.8%
Accounts Payable, Current 797K USD +78.4%
Accrued Liabilities, Current 768K USD
Contract with Customer, Liability, Current 25.1K USD
Liabilities, Current 1.59M USD +22.8%
Other Liabilities, Noncurrent 13.4K USD
Liabilities 1.6M USD -5.81%
Retained Earnings (Accumulated Deficit) -104M USD -15.9%
Stockholders' Equity Attributable to Parent 9.96M USD -55%
Liabilities and Equity 13.4M USD -47.8%

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 2.19M shares +65.6%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.96M USD -61.6%
Deferred Tax Assets, Valuation Allowance 20.8M USD +20%
Deferred Tax Assets, Gross 20.9M USD +14.9%
Operating Lease, Liability 87.5K 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 94.8K USD -46.3%
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 +28.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.13 pure
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7.3K 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%
Preferred Stock, Shares Authorized 10M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 54.4K USD 0%
Additional Paid in Capital 114M USD +1.85%
Amortization of Intangible Assets 190K USD 0%
Depreciation, Depletion and Amortization 25.5K USD +9841%
Share-based Payment Arrangement, Expense 400K USD 0%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%