LogicMark Third Quarter 2024 Earnings: Beats Expectations

In This Article:

LogicMark (NASDAQ:LGMK) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.71m (up 14% from 3Q 2023).

  • Net loss: US$1.59m (loss widened by 4.9% from 3Q 2023).

  • US$0.20 loss per share.

earnings-and-revenue-history
NasdaqCM:LGMK Earnings and Revenue History November 16th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

LogicMark Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 53%.

The company's shares are down 18% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for LogicMark you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.