LogicMark, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.4M | $9.9M | $9.9M | $11.9M | $10.0M | $11.4M | $17.1M | $17.1M |
| Cost of Revenue | $3.8M | $3.3M | $3.3M | $4.7M | $4.2M | $3.2M | $4.4M | $4.8M |
| Gross Profit | $7.6M | $6.6M | $6.7M | $7.2M | $5.8M | $7.7M | $12.8M | $12.3M |
| Gross Margin | 66.8% | 66.8% | 67.1% | 60.7% | 57.7% | 67.1% | 74.5% | 71.9% |
| Operating Expenses | ||||||||
| Research & Development | $617.4K | $558.6K | $982.7K | $1.2M | $932.6K | $1.1M | $1.2M | $761.7K |
| SG&A Expense | $7.9M | $7.6M | $8.5M | $9.0M | $5.8M | $5.3M | $5.7M | $6.9M |
| Operating Income | $-7.9M | $-7.7M | $-15.3M | $-6.9M | $-7.5M | $-586.1K | $2.6M | $587.5K |
| Operating Margin | -69.1% | -77.5% | -154.4% | -58.0% | -75.3% | -5.1% | 15.0% | 3.4% |
| Interest Expense | — | — | — | — | $1.4M | $2.3M | $3.0M | $3.0M |
| Pretax Income | $-7.5M | $-9.0M | $-14.9M | $-6.8M | $-11.5M | $-2.8M | $-2.7M | $-1.3M |
| Income Tax Expense | $14.9K | $9.9K | $-309.8K | $138.0K | $204.3K | $24.9K | $-332.6K | $34.3K |
| Net Income | $-7.5M | $-9.0M | $-14.6M | $-6.9M | $-11.7M | $-2.9M | $-11.8M | $-7.1M |
| Net Margin | -65.4% | -90.9% | -146.5% | -58.1% | -116.8% | -25.0% | -68.8% | -41.4% |
| EPS (Basic) | $-13.06 | $-10,971.40 | $-24.29 | $-1.26 | $-0.19 | $-0.10 | $-0.04 | $-0.02 |
| EPS (Diluted) | $-13.06 | $-10,971.40 | $-24.29 | $-1.26 | $-0.19 | $-0.01 | $-0.04 | $-0.02 |
| Shares Outstanding (Basic) | 594.9K | 635.0K | 649.6K | 5.7M | 75.7M | 39.1M | 360.6M | 302.7M |
| Shares Outstanding (Diluted) | 594.9K | 635.0K | 649.6K | 5.7M | 75.7M | 39.1M | 360.6M | 302.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |