LogicMark (LogicMark) Retained Earnings

: $-100.16 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LogicMark's retained earnings for the quarter that ended in Dec. 2023 was $-100.16 Mil.

LogicMark's quarterly retained earnings declined from Jun. 2023 ($-89.71 Mil) to Sep. 2023 ($-91.16 Mil) and declined from Sep. 2023 ($-91.16 Mil) to Dec. 2023 ($-100.16 Mil).

LogicMark's annual retained earnings declined from Dec. 2021 ($-78.66 Mil) to Dec. 2022 ($-85.61 Mil) and declined from Dec. 2022 ($-85.61 Mil) to Dec. 2023 ($-100.16 Mil).

LogicMark Retained Earnings Historical Data

The historical data trend for LogicMark's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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LogicMark Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-61.80

-65.43

-78.66

-85.61

-100.16

LogicMark Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																-85.61	-87.44	-89.71	-91.16	-100.16

LogicMark Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

LogicMark (NAS:LGMK) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

LogicMark (LogicMark) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LogicMark Inc (NAS:LGMK) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

2801 Diode Lane, Louisville, KY, USA, 40299

Website

https://www.logicmark.com

LogicMark Inc provides personal emergency response systems (PERS), health communications devices, and IoT technologies to create a connected care platform. Its devices give people the ability to receive care at home and confidence to age in place. The company incorporates two-way voice communication technology directly into its medical alert pendant and provides this life-saving technology at a price point that everyday consumers can afford.

Executives

Carine Schneider	director	C/O LOGICMARK INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Robert Arthur Curtis	director	C/O TECHNEST HOLDINGS, INC., 10411 MOTOR CITY DR. #650, BETHESDA MD 20817
Barbara Gutierrez	director	8950 E. LOWRY BLVD., DENVER CO 80230
John P Pettitt	director	3031 TISCH WAY, STE 900, SAN JOSE CA 95128
Sherice Torres	director	PO BOX 20833, SAN JOSE CA 95160
Mark Archer	officer: Chief Financial Officer	C/O NXT-ID, INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Chia-lin Simmons	director, officer: Chief Executive Officer	288 CHRISTIAN STREET, HANGAR C 2ND FLOOR, OXFORD CT 06478
Michael Joseph Orlando	director, officer: Chief Operating Officer	1806 145TH PL SE, MILL CREEK WA 98012
C. David Tunnell	director, 10 percent owner, officer: Chief Technology Officer	1721 WINDING RIDGE CIRCLE SE, PALM BAY FL 32909
Worldventures Holdings, Llc	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Wayne Tilman Nugent	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Stanley Eric Washington	director	3745 OLYMPIAD DRIVE, LOS ANGELES CA 90043
Vincent S Miceli	officer: Vice President and CFO	87 GRANDVIEW AVENUE, WATERBURY CT 06708
Daniel P Sharkey	director
Michael D'almada-remedios	director	5610 TROON COURT, DISCOVERY BAY CA 94505-9299