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Dec 31, 2021
NXT-ID Q4 2021 Earnings Report
Announced fourth quarter and full year 2021 financial and operational results.
Key Takeaways
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.
Transitioned to a growth-oriented technology platform.
Addressed leadership, financial, and operational weaknesses.
Focused on Caring Platform as a Service (CPaaS) strategy.
Actively working on the 3G transition in partnership with the Veterans Administration.
Forward Guidance
LogicMark anticipates positive sales impact in Q1 2022 from strong demand for 4G products due to the 3G network phase-out. Plans include launching new business partnerships, products, and a direct-to-consumer e-commerce website in Q2 2022 to supplement existing solutions. New software and personal safety services will broaden health communications software beyond veterans and the elderly.
Positive Outlook
- Strong demand for 4G products expected to positively impact sales in Q1 2022.
- Plans to launch new business partnerships in Q2 2022.
- New products are planned for launch in Q2 2022.
- E-commerce website targeted at the direct-to-consumer market planned for Q2 2022.
- New software and personal safety services will broaden health communications software.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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