NASDAQ$LGMK
NXT-ID Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported slight revenue increase driven by higher average selling price, offset by softness in unit sales.
LogicMark, Inc. announced its Q2 2024 financial results, with a slight revenue increase driven by higher average selling prices offsetting softness in unit sales. The company is focused on expanding its sales and marketing efforts and continues to innovate in the personal safety and elder care markets.
- Revenue increased slightly compared to the same period last year, driven by a higher average selling price.
- Gross margin was 67%, down from 69% in the same period last year.
- Net loss attributable to common shareholders was $2.1 million, an improvement from $2.3 million in the same period last year.
- Cash balance as of June 30, 2024, was $3.0 million.
Headline financials
Revenue & EPS history
NXT-ID · Revenue · Quarterly
$2.34M
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 intends to use the net proceeds from the offering for continued new product development, working capital and other general corporate purposes.
Tailwinds
- Continued new product development
- Working capital
- General corporate purposes
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 2024
+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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