LogicMark Q2 EPS $(1.83) Up From $(2.60) YoY, Sales $2.33M Down From $3.37M YoY
Portfolio Pulse from totan@benzinga.com
LogicMark (NASDAQ:LGMK) reported Q2 losses of $(1.83) per share, a 29.62% improvement from $(2.60) per share YoY. However, sales decreased by 30.91% to $2.33 million from $3.37 million YoY.
August 10, 2023 | 8:13 pm
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LogicMark reported improved EPS losses but a significant decrease in sales YoY.
While LogicMark's EPS losses have improved, the significant decrease in sales could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100