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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).

Revenue$2.6M
Year over year-0.7%
Quarter over quarter+15%
Operating margin-91.2%
Net earnings−$2.2M

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 2025AmountQ/QY/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.

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Source: LogicMark 10-Q on SEC EDGAR.