LogicMark Reports 22% Revenue Growth in Q2 2025, Despite Increased Net Loss

LogicMark, Inc. reported its financial results for the second quarter and first half of 2025, revealing a revenue increase of 22% to $2.85 million for the three months ended June 30, compared to $2.34 million in the same period of 2024. For the six months, revenue rose 10% to $5.45 million from $4.95 million year-over-year. The company attributed this growth primarily to higher sales of its Freedom Alert Mini units and the upgraded Guardian Alert 911 Plus. Despite the revenue growth, LogicMark recorded a net loss of $2.13 million for the second quarter, slightly higher than the $2.11 million loss in the prior year, and a total net loss of $4.39 million for the first half of 2025, compared to $3.93 million in the same period of 2024.

The company’s gross profit margin improved to 68% for the second quarter, up from 67% a year earlier, driven by a favorable sales mix towards higher-margin products. However, the gross profit margin for the first half of 2025 decreased to 66% from 67% in the previous year, attributed to increased costs for monitoring services associated with new products. Operating expenses rose to $4.06 million in the second quarter, up from $3.63 million in the same period last year, largely due to increased general and administrative costs, which included higher consulting and legal fees.

In terms of operational metrics, LogicMark's cash and cash equivalents increased to $5.01 million as of June 30, 2025, up from $3.81 million at the end of 2024. The company also reported $8 million in investments in government securities. Working capital improved significantly to $12.6 million from $3.3 million at the end of 2024. The company’s total assets reached $23.45 million, compared to $14.22 million at the end of the previous fiscal year, reflecting a strong liquidity position.

Strategically, LogicMark has focused on expanding its product offerings and enhancing its market presence. The company has been actively involved in the development of its personal emergency response systems (PERS) and health communication devices, which are sold through various channels, including direct-to-consumer and partnerships with the U.S. Veterans Health Administration. The company also completed a public offering in February 2025, raising approximately $14.4 million, which it plans to use for sales and marketing investments, working capital, and other corporate purposes.

Looking ahead, LogicMark expressed confidence in its ability to sustain operations for at least the next twelve months, supported by its current cash position and investment strategy. The company may consider raising additional funds through equity or debt offerings to further accelerate its long-term strategic initiatives. The management remains focused on modernizing remote monitoring technologies to enhance safety and independence for its customers.