LogicMark, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 09:53 pm
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LogicMark, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 3.37 million compared to USD 2.78 million a year ago. Net loss was USD 1.11 million compared to USD 0.555747 million a year ago. Basic loss per share from continuing operations was USD 2.6 compared to USD 4.4 a year ago.
For the six months, sales was USD 7.02 million compared to USD 5.22 million a year ago. Net loss was USD 2.4 million compared to USD 4.78 million a year ago. Basic loss per share from continuing operations was USD 5.4 compared to USD 27.4 a year ago.
LogicMark, Inc. provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform. The Companyâs devices provide people with the ability to receive care at home and age independently. Its PERS devices incorporate two-way voice communication technology directly in the medical alert pendant. These PERS technologies are sold direct-to-consumer through the Companyâs e-commerce Website, through dealers and distributors, as well as through the United States Veterans Health Administration (VHA). It provides no monthly fee products, which only require a one-time purchase expense, instead of a contract with recurring monthly charges. Its no monthly fee products contact family, friends, or 911 directly, eliminating the recurring monthly fee from a monitoring center. The Companyâs PERS products include Guardian Alert 911 Plus, Freedom Alert Plus, Guardian Alert 911, and LifeSentry.