LogicMark, Inc.

LogicMark, Inc.verified

LGMK

Price:

$0.1646

Market Cap:

$998.36K

LogicMark, Inc. offers personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company, through its subsidiary, LogicMark LLC, manufactures and distributes non-monitored and monitored personal emergency response systems sold through healthcare durable medical equipment and monitored security dealers/distributors, and the United States Department of Veterans Affairs. The company was formerly known as Nxt-ID, Inc. and changed its name to LogicMark, Inc. in March 2022. LogicMark, Inc. was founded in 2006 and is based in Louisville, Kentucky.[Read more]

Industry

Security & Protection Services

IPO Date

2013-08-23

Stock Exchange

NASDAQ

Ticker

LGMK

The Current Ratio as of September 2024 (TTM) for LogicMark, Inc. (LGMK) is 2.78

According to LogicMark, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.78. This represents a change of -21.59% compared to the average of 3.55 of the last 4 quarters.

LogicMark, Inc. (LGMK) Historical Current Ratio (quarterly & annually)

How has LGMK Current Ratio performed in the past?

The mean historical Current Ratio of LogicMark, Inc. over the last ten years is 2.77. The current 2.78 Current Ratio has changed 9.96% with respect to the historical average. Over the past ten years (40 quarters), LGMK's Current Ratio was at its highest in in the September 2014 quarter at 11.58. The Current Ratio was at its lowest in in the June 2020 quarter at 0.49.

Quarterly (TTM)
Annual

Average

2.77

Median

1.12

Minimum

0.59

Maximum

10.76

LogicMark, Inc. (LGMK) Current Ratio by Quarter and Year

Discovering the peaks and valleys of LogicMark, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.49%

Maximum Annual Current Ratio = 10.76

Minimum Annual Increase = -70.37%

Minimum Annual Current Ratio = 0.59

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.92-0.74%
20223.95-63.30%
202110.761.08%
20200.9153.53%
20190.59-10.20%
20180.66-41.22%
20171.1233.07%
20160.84-24.58%
20151.12-70.37%
20143.782.49%

LogicMark, Inc. (LGMK) Average Current Ratio

How has LGMK Current Ratio performed in the past?

The current Current Ratio of LogicMark, Inc. (LGMK) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

6.21

5-year avg

4.03

10-year avg

2.77

LogicMark, Inc. (LGMK) Current Ratio vs. Peers

How is LGMK’s Current Ratio compared to its peers?

LogicMark, Inc.’s Current Ratio is greater than Guardforce AI Co., Limited (2.22), greater than Knightscope, Inc. (1.21), greater than Bridger Aerospace Group Holdings, Inc. Common Stock (1.56), greater than Iveda Solutions, Inc. (2.56), greater than Guardforce AI Co., Limited (2.22), greater than Iveda Solutions, Inc. (2.56), greater than Bridger Aerospace Group Holdings, Inc. Warrant (1.56), greater than The Brink's Company (1.57), greater than Allegion plc (1.66), greater than Mistras Group, Inc. (1.69), greater than BIO-key International, Inc. (0.54), less than SSC Security Services Corp. (3.81), greater than ICTS International N.V. (2.19), less than Senstar Technologies Ltd. (3.76),

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