NXT-ID Earnings Reports

LogicMark, Inc. demonstrated strong performance in Q2 2025 with a 22% increase in revenue to $2.9 million and a 24% improvement in gross profit to $1.9 million. The company also significantly improved its liquidity, reporting $13.0 million in cash and investments with no long-term debt.

LogicMark, Inc. reported a slight decrease in revenue for the fiscal year ended December 31, 2024, with total revenues of $9,901,987 compared to $9,929,629 in the previous year. The company experienced an operating loss of $7,670,731 and a net loss of $9,003,745 for the year. Despite the losses, the company believes it has sufficient capital to sustain operations for the next year following a public offering in February 2025.

LogicMark reported a 14% increase in revenue to $2.7 million for Q3 2024, driven by higher sales of Guardian Alert 911 Plus and Freedom Alert Mini PERS hardware. The gross profit increased by 13% to $1.8 million, with a gross margin of 67%. The net loss was $1.6 million, or $0.20 per share.

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.

LogicMark, Inc. reported a strong fourth quarter with a 13% increase in revenue and a 21% increase in gross profit compared to the previous year. The company also launched two new products and expanded its software suite.

LogicMark, Inc. reported a revenue of $2.4 million for Q3 2023, a decrease compared to the same period last year. However, the gross profit margin increased by five percentage points to 67%. The net loss attributable to common shareholders was $1.5 million, an improvement from the $2.2 million loss in the same period last year.

LogicMark, Inc. reported second-quarter revenue of $2.3 million, a gross profit margin of 69%, and a net loss of $2.3 million. The company's cash balance as of June 30, 2023, was $7.6 million. They also launched the Freedom Alert Plus PERS unit.

LogicMark, Inc. reported a revenue of $2.8 million for the quarter ended March 31, 2023, a 31% increase from the prior quarter but down 23% from the year-ago period. Gross profit was reported at $1.9 million, up 41% from the prior quarter but down 15% from the year-ago period. Net loss attributable to common shareholders for the first quarter was $1.9 million.

LogicMark, Inc. announced its financial results for the year ended December 31, 2022, highlighting a 19% increase in revenue and a 25% increase in gross profit compared to the previous year. The company is focused on new product development and cost management.

Due to the format of the provided document, a comprehensive summary of NXT-ID's Q3 2022 earnings is not possible.

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.

LogicMark, Inc. reported a strong start to the year with a 50% increase in revenues and expanding margins. The growth was driven by the US Veterans Health Administration business and the upgrade to 4G compatible devices.

LogicMark announced its Q4 and full year 2021 financial results, highlighting a transition period with a focus on building a growth-oriented technology platform and addressing leadership, financial, and operational weaknesses. The company is focused on its Caring Platform as a Service (CPaaS) strategy and has been actively working on the 3G transition in partnership with the Veterans Administration.

NXT-ID reported a decrease in revenue by 10% to $2.4 million, a decrease in gross profit to $1.3 million, and a net loss of $743,000 or $0.12 a share. The company focused on securing capital and restructuring the company. They raised $16.4 million of capital and ended the quarter with $16 million in cash.

NXT-ID reported a revenue increase of 12% compared to the same quarter last year, reaching $2.8 million. The company's operating loss was $212,000, while the net loss amounted to $1.2 million or $0.02 per share. The company also paid down $4.5 million in term debt during the quarter.

Nxt-ID, Inc. announced its financial results for the three months ended March 31, 2021, revealing a positive trend and rebound in markets as customers resumed pre-pandemic ordering levels. The company also made significant term debt repayments of approximately $8.8 million, expected to save approximately $1.1 million in annual cash interest expense.

NXT-ID announced its financial results for the second quarter of 2020, which were significantly impacted by COVID-19. Despite the challenges, the company made progress in right-sizing its business and paying down its term debt facility.

Nxt-ID reported positive earnings per share despite experiencing softness in revenues in late March due to COVID-19, with net income driven by the LogicMark healthcare business and cost-saving initiatives.

Nxt-ID reported that its fourth quarter 2019 operating results from continuing operations reflected pre-tax income of approximately $170K, primarily driven by the strong gross profit from the LogicMark healthcare business and implemented cost-saving initiatives.