The current LogicMark LGMK 0.00%↑ is more like an IPO with a new management team, board of directors, and a strategy to leverage its existing position in the personal emergency response systems (PERS) market.
I’m highlighting LogicMark because it fits into a few of our significant themes, including Aging Population and HealthTech.
Investors have abandoned the name due to the prior business and management disappointments, but that’s all behind them now. They are left with a strong product and an established position in the PERS market that provides a base from which they can grow.
What’s left is a ~$11M market cap stock on about $10M of stable revenue with 60% gross margins and losing about $1M per quarter. They have $11M in cash and no debt, so they have a decent amount of “runway” to begin the expansion phase of their business plan.
Here we catch up with where they are and where they may be heading in the medium and long term.
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