Quarterly ResultMay 15, 2026, 01:01 PM
LogicMark Q1 Revenue $3.21M; Net Loss $(1.45M); EPS $(1.68)
AI Summary
LogicMark reported Q1 2026 revenues of $3.21 million, a 24% increase from $2.59 million in Q1 2025. The company's net loss improved to $1.45 million from $2.19 million in the prior year period, with basic and diluted EPS at $(1.68) compared to $(93.50). Despite a decrease in cash and working capital, the company believes it has sufficient capital to sustain operations for at least one year.
Key Highlights
- Q1 2026 Revenue increased 24% to $3.21 million from $2.59 million in Q1 2025.
- Q1 2026 Net Loss improved to $(1.45) million from $(2.19) million in Q1 2025.
- Q1 2026 Basic and Diluted EPS was $(1.68), compared to $(93.50) in Q1 2025.
- Cash and cash equivalents decreased to $2.11 million as of March 31, 2026, from $3.57 million at December 31, 2025.
- Working capital was $8.4 million as of March 31, 2026, down from $9.7 million at December 31, 2025.
- Net cash used in operating activities was $(1.65) million for Q1 2026, consistent with Q1 2025.
- The company believes it has sufficient capital to sustain operations for at least one year.
Price Impact
More from LGMK