LogicMark Inc (LGMK)

[joe_techi]

This seems like good news from the earnings transcript. Page 4

"I would like to speak briefly here and go over the results, our 2016 results, income statement results, and then I’ll focus on some highlights of our balance sheet at 12/31, 2016. So just to encapsulate and expand a little on what Gino has already indicated, revenues for the fourth quarter and the year-ended December 31, 2016 were approximately $4.6 million and $7.7 million, respectively. Revenues for the comparable 2015 periods were $83,000 and $617,000, so quite a dramatic increase. On a sequential basis, revenues for the fourth quarter of 2016 increased approximately $1.5 million over the third quarter of 2016. And primarily the $1.5 million increase is the fact that we acquired LogicMark late in July and didn’t have a full third quarter and also we began shipping product to world -- smartcards to WorldVentures which enhanced Q4 revenues. So, sequentially, these are on the uptick which we’re awfully encouraged by.

In terms of gross profit margin, the margin was about 43% in both the fourth quarter and the full year. And as I’m sure, everybody is fully aware margins in 2015 were actually negative margins. So, quite an enhancement on a year-over-year basis."

https://seekingalpha.com/article/4060926-nxt-ids-nxtd-ceo-gino-pereira-q4-2016-results-earnings-call-transcript?page=4