LogicMark Inc (LGMK) - Net Assets
Based on the latest financial reports, LogicMark Inc (LGMK) has net assets worth $12.19 Million USD as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.22 Million) and total liabilities ($2.03 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read LogicMark Inc (LGMK) financial obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.19 Million |
| % of Total Assets | 85.73% |
| Annual Growth Rate | N/A |
| 5-Year Change | 11.18% |
| 10-Year Change | 1283.42% |
| Growth Volatility | 219.88 |
LogicMark Inc - Net Assets Trend (2012–2024)
This chart illustrates how LogicMark Inc's net assets have evolved over time, based on quarterly financial data. Also explore LGMK total assets for the complete picture of this company's asset base.
Annual Net Assets for LogicMark Inc (2012–2024)
The table below shows the annual net assets of LogicMark Inc from 2012 to 2024. For live valuation and market cap data, see market value of LogicMark Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.19 Million | -18.24% |
| 2023-12-31 | $14.91 Million | -- |
| 2022-12-31 | $0.00 | -- |
| 2021-12-31 | $28.40 Million | +158.94% |
| 2020-12-31 | $10.97 Million | +28.69% |
| 2019-12-31 | $8.52 Million | -48.49% |
| 2018-12-31 | $16.54 Million | -20.98% |
| 2017-12-31 | $20.94 Million | +642.80% |
| 2016-12-31 | $2.82 Million | +219.83% |
| 2015-12-31 | $881.33K | -67.78% |
| 2014-12-31 | $2.74 Million | +249.36% |
| 2013-12-31 | $-1.83 Million | -27749.65% |
| 2012-12-31 | $-6.58K | -- |
Equity Component Analysis
This analysis shows how different components contribute to LogicMark Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 10895576000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $240.00 | 0.00% |
| Other Components | $121.36 Million | 995.34% |
| Total Equity | $12.19 Million | 100.00% |
LogicMark Inc Competitors by Market Cap
The table below lists competitors of LogicMark Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elixxer Ltd
V:ELXR
|
$328.10K |
|
Global PVQ SE
HM:QCE
|
$329.86K |
|
Rajvir Industries Limited
NSE:RAJVIR
|
$330.50K |
|
Challenger Energy Group PLC
LSE:CEG
|
$331.01K |
|
Qlucore AB (publ)
ST:NOVKAN
|
$326.04K |
|
XP Factory PLC
LSE:XPF
|
$325.00K |
|
SRAX Inc
NASDAQ:SRAX
|
$323.82K |
|
Dewhurst plc
LSE:DWHA
|
$323.07K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LogicMark Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,912,516 to 12,192,505, a change of -2,720,011 (-18.2%).
- Net loss of 9,303,745 reduced equity.
- Dividend payments of 300,000 reduced retained earnings.
- Share repurchases of 4,235 reduced equity.
- New share issuances of 4,492,198 increased equity.
- Other comprehensive income increased equity by 1,807,300.
- Other factors increased equity by 588,471.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.30 Million | -76.31% |
| Dividends Paid | $300.00K | -2.46% |
| Share Repurchases | $4.24K | -0.03% |
| Share Issuances | $4.49 Million | +36.84% |
| Other Comprehensive Income | $1.81 Million | +14.82% |
| Other Changes | $588.47K | +4.83% |
| Total Change | $- | -18.24% |
Book Value vs Market Value Analysis
This analysis compares LogicMark Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $-0.65 | $0.01 | x |
| 2013-12-31 | $-171.09 | $0.01 | x |
| 2014-12-31 | $239.44 | $0.01 | x |
| 2015-12-31 | $65.02 | $0.01 | x |
| 2016-12-31 | $91.34 | $0.01 | x |
| 2017-12-31 | $326.84 | $0.01 | x |
| 2018-12-31 | $134.71 | $0.01 | x |
| 2019-12-31 | $59.35 | $0.01 | x |
| 2020-12-31 | $67.30 | $0.01 | x |
| 2021-12-31 | $90.03 | $0.01 | x |
| 2022-12-31 | $47.60 | $0.01 | x |
| 2023-12-31 | $11.02 | $0.01 | x |
| 2024-12-31 | $19.20 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LogicMark Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -76.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -93.96%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.17x
- Recent ROE (-76.31%) is above the historical average (-198.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | -77.26% | 1.83x | 0.00x | $-193.56K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.36 Million |
| 2014 | -258.71% | 0.00% | 0.00x | 1.34x | $-7.35 Million |
| 2015 | -1483.76% | -2119.93% | 0.12x | 5.83x | $-13.16 Million |
| 2016 | -452.44% | -164.84% | 0.22x | 12.56x | $-13.03 Million |
| 2017 | -39.47% | -35.45% | 0.48x | 2.30x | $-10.36 Million |
| 2018 | -42.86% | -41.42% | 0.45x | 2.30x | $-8.74 Million |
| 2019 | -27.79% | -13.82% | 0.68x | 2.94x | $-3.22 Million |
| 2020 | -26.12% | -25.04% | 0.42x | 2.46x | $-3.96 Million |
| 2021 | -41.23% | -116.82% | 0.33x | 1.06x | $-14.55 Million |
| 2022 | -30.39% | -58.11% | 0.46x | 1.13x | $-9.20 Million |
| 2023 | -97.57% | -146.54% | 0.58x | 1.14x | $-16.04 Million |
| 2024 | -76.31% | -93.96% | 0.70x | 1.17x | $-10.52 Million |
Industry Comparison
This section compares LogicMark Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $363,436,353
- Average return on equity (ROE) among peers: -160.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LogicMark Inc (LGMK) | $12.19 Million | 0.00% | 0.17x | $327.18K |
| Aclarion Inc (ACON) | $2.23 Million | -317.55% | 0.31x | $1.99 Million |
| American Well Corp (AMWL) | $480.19 Million | -140.60% | 0.23x | $90.87 Million |
| Heartbeam Inc (BEAT) | $-26.87 Million | 0.00% | 0.00x | $30.37 Million |
| Bullfrog AI Holdings, Inc. Common Stock (BFRG) | $-3.06 Million | 0.00% | 0.00x | $6.51 Million |
| BrightSpring Health Services, Inc. Common Stock (BTSG) | $612.55 Million | -25.24% | 8.03x | $8.82 Billion |
| Carlsmed, Inc. Common Stock (CARL) | $-70.63 Million | 0.00% | 0.00x | $253.42 Million |
| CareCloud Inc. (CCLD) | $101.25 Million | -8.70% | 0.36x | $117.28 Million |
| Certara Inc (CERT) | $492.05 Million | -1.81% | 1.11x | $983.48 Million |
| CareMax Inc (CMAX) | $61.44 Million | -1112.15% | 9.14x | $381.50 |
| Claritev Corporation (CTEV) | $1.99 Billion | 0.49% | 3.21x | $277.75 Million |
About LogicMark Inc
LogicMark, Inc. provides 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's PERS devices incorporate two-way voice communication technology directly in the medical alert pendant and provide life-saving technology; and provides people with the ability to receiv… Read more