2023-03-28 16:41:02 ET
- LogicMark press release ( NASDAQ: LGMK ): FY GAAP EPS of -$0.76.
- Revenue of $11.92M (+19.0% Y/Y).
- Cash balance as of December 31, 2022 was $7.0 million before the addition of $5.2 million of gross proceeds raised in January 2023.
- Gross profit increased 25% in 2022 versus 2021.
- Gross margin was 60.7% in 2022, up 300 bps from 57.7% in 2021.
- Appointed Brady Farrell as Vice President of Sales
- Appointed Garett Hunter as Senior Vice President of Marketing
- Raised $5.2 million in gross proceeds from a registered public offering in January 2023
- Conducted a special meeting of stockholders in February 2023 with shareholders approving all proposals, including adoption of LogicMark’s 2023 stock incentive plan, reincorporation of the Company from Delaware to Nevada and reverse stock split proposals
- Shares +55.17% .
For further details see:
LogicMark GAAP EPS of -$0.76, revenue of $11.92M