NASDAQ$LGMK
NXT-ID Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a revenue increase driven by improved sales to VA hospitals and clinics, and from replacement sales of 4G Guardian Alert 911 Plus devices.
LogicMark, Inc. reported a 21% increase in revenue for the second quarter ended June 30, 2022, driven by improved sales to VA hospitals/clinics and replacement sales. The company's net loss was $1.2 million, or $0.13 per share.
- Revenue for the second quarter ended June 30, 2022, was $3.4 million, up 21% over the year-ago period.
- Gross profit for the second quarter increased 17% over the year-ago period.
- Net loss applicable to Common shareholders in the second quarter was $1.2 million, or $0.13 per share versus a net loss of $1.2 million or $0.22 per share in the prior-year period.
- Cash balance as of June 30, 2022 was $11.1 million versus $12.0 million at December 31, 2021.
Headline financials
Revenue & EPS history
NXT-ID · Revenue · Quarterly
$3.37M
Revenue by segment
NXT-ID · $3.21M total across 2 segments · Q1 2026
- Product$2.95M—91.9%
- Subscription$260K—8.1%
Forward guidance
LogicMark is on track with expanding its product and service offerings which it expects will diversify revenue generation and continue to drive steady growth and increase margins.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
+1.6%
Avg return
Earnings day
-4.8%
Avg return
5 days after
+1226774.2%
Avg return
30 days after
61%
25 / 41 earnings
Positive
+29.1%
Q3 2020
Best reaction
-29.3%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.5% | — | — | |
| Q3 2025 | -12.0% | -28.4% | -41.5% | |
| Q2 2025 | +0.0% | +0.0% | -25.0% | |
| Q4 2024 | +0.0% | -58.3% | -66.7% | |
| Q1 2025 | -23.6% | -40.0% | -32.0% | |
| Q3 2024 | +5.1% | -24.8% | -47.1% | |
| Q2 2024 | -17.4% | -10.3% | -1.1% | |
| Q1 2024 | +0.7% | +0.9% | -15.5% | |
| Q4 2023 | +6.0% | +4.2% | +0.0% | |
| Q3 2023 | -4.6% | -4.0% | -34.9% | |
| Q2 2023 | -8.9% | -14.2% | -13.8% | |
| Q1 2023 | -3.9% | -8.7% | -12.9% | |
| Q4 2022 | +28.3% | -0.7% | -26.3% | |
| Q3 2022 | +0.7% | +2.1% | -20.3% | |
| Q2 2022 | +13.1% | +0.8% | -13.1% | |
| Q1 2022 | -4.2% | +14.2% | -3.3% | |
| Q4 2021 | +2.3% | -5.0% | -34.7% | |
| Q4 2025 | -4.5% | -5.5% | -18.2% | |
| Q3 2021 | -3.3% | -8.0% | -26.4% | |
| Q2 2021 | +4.2% | +8.9% | -31.8% | |
| Q1 2021 | +9.5% | +1.1% | +45390961.5% | |
| Q4 2020 | -29.3% | -26.4% | -30.1% | |
| Q3 2020 | +29.1% | +13.6% | +192.4% | |
| Q2 2020 | +4.0% | -15.0% | -35.0% | |
| Q1 2020 | -2.2% | -4.3% | +3.0% | |
| Q4 2019 | -0.6% | -6.8% | +30.7% | |
| Q3 2019 | +7.4% | +16.2% | +20.9% | |
| Q2 2019 | +3.0% | +17.6% | +42.4% | |
| Q1 2019 | -9.0% | -6.0% | -19.3% | |
| Q4 2018 | +18.1% | +9.4% | -15.5% | |
| Q3 2018 | +5.1% | +6.1% | -20.2% | |
| Q2 2018 | +1.9% | +0.0% | -2.5% | |
| Q1 2018 | +0.5% | -4.4% | -20.0% | |
| Q3 2017 | +5.2% | +2.2% | -8.1% | |
| Q2 2017 | +3.8% | +2.5% | +58.0% | |
| Q1 2017 | +2.3% | -2.3% | -17.9% | |
| Q3 2016 | +5.9% | -3.5% | -12.1% | |
| Q2 2016 | +0.7% | -1.4% | -16.4% | |
| Q2 2014 | +4.2% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | +5.8% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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