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Sep 30, 2024
NXT-ID Q3 2024 Earnings Report
Achieved revenue growth and maintained strong gross margins.
Key Takeaways
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.
Revenue increased by 14% compared to the same period last year.
Gross margin remained steady at 67%.
Gross profit rose by 13% to $1.8 million compared to the same quarter last year.
Adjusted EBITDA loss improved to $0.8 million from $1.1 million in the third quarter of 2023.
NXT-ID
NXT-ID
Forward Guidance
No forward guidance provided in the earnings report.