Filing Flows › LogicMark (LGMK) › Q1 2025
LogicMark (LGMK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
LogicMark (LGMK) reported revenue of $2.6M for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and +15% from the quarter before. Operating margin was -91.2%, net loss $2.2M (84.5% of revenue).
LogicMark, Q1 2025: revenue $2.6M (-0.7% year over year), operating margin -91.2%, net loss $2.2M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6M | +15% | -0.7% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $2.6M in Q1 2025, down 1% year over year and up 15% from the previous quarter.
Gross margin was 63.5%, down 4.2 points from a year earlier. Operating costs exceeded revenue by $2.4M, an operating margin of -91.2%. Operating expenses grew 12% against a revenue fall of 1%. The fastest-growing cost line was General & admin (+20%). The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $3.7M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $499K of depreciation and amortization and $454K of share-based compensation. Working capital and other items used $414K.
Questions
What was LogicMark's revenue in the first quarter 2025?
LogicMark (LGMK) reported revenue of $2.6M for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and +15% from the quarter before.
Was LogicMark profitable in the first quarter 2025?
Operating loss was $2.4M (-91.2% of revenue) and net loss $2.2M.
Source: LogicMark 10-Q on SEC EDGAR.