NXT-ID

May 11, 2023

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Mar 31, 2023

NXT-ID Q1 2023 Earnings Report

LogicMark, Inc. reported financial and operating results for the first quarter ended March 31, 2023.

Key Takeaways

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.

Revenue for the quarter ended March 31, 2023 was $2.8 million, up 31% from the prior quarter but down 23% from the year-ago period.

Gross profit in the first quarter was $1.9 million, up 41% from the prior quarter but down 15% from the year-ago period.

Gross margin in the first quarter was 66.3%, up almost 600 bps from 60.4% in the year-ago quarter.

Net loss attributable to common shareholders for the first quarter was $1.9 million, versus a net loss of $1.4 million in the year-ago period.

Total Revenue

$2.81M

Previous year: $3.65M