Filing Flows › LogicMark (LGMK) › Q4 2024
LogicMark (LGMK) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
LogicMark (LGMK) reported revenue of $2.2M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and -17% from the quarter before. Operating margin was -97.6%, net loss $3.7M (164.6% of revenue).
LogicMark, Q4 2024: revenue $2.2M (-7% year over year), operating margin -97.6%, net loss $3.7M, operating cash flow −$993K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2M | -17% | -7% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | −$993K | — | — |
What changed
Revenue was $2.2M in Q4 2024, down 7% year over year and down 17% from the previous quarter.
Gross margin was 66.3%, up 0.4 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -97.6%. Operating expenses fell 66% while revenue fell 7%. The fastest-growing cost line was General & admin (+17%). The quarter ended with a net loss of $3.7M, wider than the previous quarter's $1.5M loss.
Operating cash flow was −$1.0M. Non-cash charges added back $484K of depreciation and amortization and $395K of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $2K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was LogicMark's revenue in the fourth quarter 2024?
LogicMark (LGMK) reported revenue of $2.2M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and -17% from the quarter before.
Was LogicMark profitable in the fourth quarter 2024?
Operating loss was $2.2M (-97.6% of revenue) and net loss $3.7M.
Source: LogicMark 10-K on SEC EDGAR.