LogicMark Q2 FY26 revenue rises 17% to $3.35 million; operating loss widens to $1.59 million
LGMK•Merger agreement
- Entered a merger agreement on July 31, with common shares set to receive USD 1.31 in cash per share.
Six-month results and cash use
- Six-month revenue rose 21% to USD 6.56 million; gross margin widened 4.6 percentage points to 70.2%.
- Six-month net loss totaled USD 3 million; operating loss was USD 3.1 million, with cash used in operations of USD 1.6 million.
Quarterly revenue and margin improvement
- LogicMark posted Q2 revenue of USD 3.35 million, up 17% year over year.
- Gross profit climbed to USD 2.37 million; gross margin widened 3.2 percentage points to 70.7%.
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