LogicMark, Inc.
LGMK Healthcare Health Information Services
LogicMark, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.4 million, up 15.4% from fiscal 2024. In the quarter to June 2026, revenue grew 17.4%, EPS grew 35.4% and free cash flow grew 96.4%, each against the same quarter a year earlier.
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LogicMark, Inc. (LGMK) Altman Z-score
LogicMark, Inc.'s Altman Z-score for fiscal 2025 is −8.13, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −8.13 | 3.28 |
| FY2024 | −11.41 | (1.51) |
| FY2023 | −9.90 | (115,494.20) |
| FY2022 | 115484.30 | (1,113,358.53) |
| FY2021 | 1228842.83 | 571,344.41 |
| FY2021 | 657498.42 | (2,025.97) |
| FY2020 | 659524.39 | 649,207.28 |
| FY2020 | 10317.11 | (1,575,618.87) |
| FY2019 | 1585935.98 | 1,573,266.50 |
| FY2019 | 12669.48 | (1,598,898.33) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.48 | — | 0.57 | |
| Retained earnings / total assets | (5.74) | — | −8.04 | |
| EBIT / total assets | (0.39) | — | −1.28 | |
| Market value of equity / total liabilities | 0.10 | — | 0.06 | |
| Sales / total assets | 0.56 | — | 0.56 | |
| Altman Z-score | Distress zone | −8.13 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −13.96 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ZCMD Zhongchao Inc. compare | 9.1× |
| MSPR MSP Recovery, Inc. compare | −3.3× |
| ACON Aclarion, Inc. compare | −4.9× |
| WORX SCWorx Corp. compare | −5.0× |
| HLTHQ Cue Health Inc. compare | −5.7× |
| VSEED VSee Health, Inc. compare | −6.3× |
| LGMK LogicMark, Inc. | −8.1× |
| MNDR Mobile-health Network Solutions compare | −8.2× |
| ICCT iCoreConnect Inc. compare | −45.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets