LogicMark Q2 2024 GAAP EPS $(0.96) Misses $(0.88) Estimate, Sales $2.336M Miss $2.838M Estimate
Portfolio Pulse from Benzinga Newsdesk
LogicMark (NASDAQ:LGMK) reported Q2 2024 GAAP EPS of $(0.96), missing the $(0.88) estimate. Sales were $2.336M, missing the $2.838M estimate. Despite the misses, losses improved by 47.54% YoY, and sales increased by 0.39% YoY.
August 13, 2024 | 8:34 pm
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LogicMark reported Q2 2024 GAAP EPS of $(0.96), missing the $(0.88) estimate. Sales were $2.336M, missing the $2.838M estimate. Despite the misses, losses improved by 47.54% YoY, and sales increased by 0.39% YoY.
LogicMark's Q2 2024 earnings report showed a significant miss on both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. However, the improvement in losses and slight increase in sales year-over-year may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100