LogicMark Inc (Pre-Merger) Current Assets

What does LogicMark Inc (Pre-Merger) do? LogicMark Inc, trading under the ticker symbol LGMK and identified by ISIN US67091J5039, is a United States-based enterprise operating within the Health Care sector. Headquartered in Louisville, Kentucky, the company specializes in developing technology products and services designed for healthcare applications that facilitate the Internet of Things. Prior to its merger, LogicMark maintained a lean operational structure with a workforce of twenty-five full-time employees. The company officially entered the public markets through an initial public offering on August 2, 2013, and maintains its corporate presence via its official website at https://www.logicmark.com/. The core mission of LogicMark revolves around empowering individuals to receive medical care within the comfort of their own homes and to age independently. To achieve this, the company manufactures Personal Emergency Response Systems, commonly referred to as PERS devices. These devices are engineered to provide users with a reliable means of communication during emergencies, distinguishing themselves through the integration of two-way voice communication technology directly into the medical alert pendant. This design allows for immediate and clear interaction without the need for additional hardware or complex setups. LogicMark distributes its PERS technologies through multiple channels, including direct-to-consumer sales via its e-commerce platform, partnerships with various dealers and distributors, and contracts with the United States Veterans Health Administration. A significant differentiator in LogicMark’s business model is its commitment to providing no monthly fee products. Unlike many competitors in the personal emergency response market that rely on recurring monthly subscription charges for monitoring services, LogicMark’s devices require only a one-time purchase expense. These products are designed to contact family members, friends, or emergency services such as 911 directly, thereby eliminating the ongoing financial burden of a monitoring center subscription. The company’s portfolio of PERS products includes several distinct models such as the Guardian Alert 911 Plus, Freedom Alert Plus, Guardian Alert 911, and LifeSentry. Each of these devices aims to provide robust safety and connectivity for users seeking independence and security in their daily lives. By focusing on direct communication and eliminating recurring fees, LogicMark addresses a specific market need for cost-effective, reliable emergency response solutions for the elderly and those requiring medical assistance. LogicMark Inc (Pre-Merger) is one of the most popular companies on Eulerpool.