LogicMark reported a second-quarter loss of $1.81 per share on revenue of $3.35 million, beating analyst expectations by 2 cents per share and $180,000 in revenue.
The OTC-listed company’s adjusted results came in ahead of the market consensus of a $1.83 loss per share and $3.17 million in revenue. LogicMark’s financial health score was rated as "fair performance" by InvestingPro.
Shares of LogicMark closed at $1.00 on Friday, down 2% for the session. The stock has traded flat over the past three months but remains down 61.9% over the last 12 months.
The company noted that its earnings per share estimates have seen both positive and negative revisions over the last 90 days.
