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LGMK (LogicMark) Net Margin % : -56.16% (As of Sep. 2024)


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What is LogicMark Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. LogicMark's Net Income for the three months ended in Sep. 2024 was $-1.52 Mil. LogicMark's Revenue for the three months ended in Sep. 2024 was $2.71 Mil. Therefore, LogicMark's net margin for the quarter that ended in Sep. 2024 was -56.16%.

The historical rank and industry rank for LogicMark's Net Margin % or its related term are showing as below:

LGMK' s Net Margin % Range Over the Past 10 Years
Min: -2119.45   Med: -68.79   Max: -25.04
Current: -141.97


LGMK's Net Margin % is ranked worse than
91.49% of 670 companies
in the Healthcare Providers & Services industry
Industry Median: 2.005 vs LGMK: -141.97

LogicMark Net Margin % Historical Data

The historical data trend for LogicMark's Net Margin % 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.

* Premium members only.

LogicMark Net Margin % Chart

LogicMark Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -68.79 -25.04 -116.82 -58.12 -146.54

LogicMark Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -61.01 -371.19 -66.83 -87.29 -56.16

Competitive Comparison of LogicMark's Net Margin %

For the Health Information Services subindustry, LogicMark's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


LogicMark's Net Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, LogicMark's Net Margin % distribution charts can be found below:

* The bar in red indicates where LogicMark's Net Margin % falls into.


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LogicMark Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

LogicMark's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-14.551/9.93
=-146.54 %

LogicMark's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-1.519/2.705
=-56.16 %

* 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.


LogicMark  (NAS:LGMK) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


LogicMark Net Margin % Related Terms

Thank you for viewing the detailed overview of LogicMark's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


LogicMark Business Description

Traded in Other Exchanges
Address
2801 Diode Lane, Louisville, KY, USA, 40299
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