LogicMark was a company acquired by NXT-ID in 2016 and brought with it innovations in the personal emergency response systems (PERS) space. Shares will begin trading under the symbol LGMK on the Nasdaq Stock Market on March 2, 2022. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day.
LogicMark revolutionized the PERS industry by incorporating two-way voice communication technology directly into its medical alert pendant and providing this life-saving technology at a price point that everyday consumers could afford. LogicMark’s PERS technologies are sold through the United States Veterans Health Administration and dealers/distributors. General Services Administration that enables the company to distribute its products to federal, state and local governments.
- “Care technology has always been at the heart of this company and is the future of developing our Caring-Platform-as-a-Service (CPaaS),” said Chia-Lin Simmons, CEO of LogicMark.
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- The U.S. government awarded LogicMark a GSA contract in July 2021, enabling the company to partner with federal, state and local governments to widen the distribution of its products.
- The PERS market is expected to grow 7.5% by 2025 according to a recent study.
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The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The EBITDA is a measure of a Nxt-ID’s overall financial performance and is widely used to measure a its profitability. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 100% Sell with a Strengthening short term outlook on maintaining the current direction.
Nxt-ID’s Debt Reduction Is Encouraging, but Tread Carefully With NXTD Stock
The firm develops and markets groundbreaking solutions for payment and IoT applications. The company founded by Gino Miguel Pereira and David Charles Tunnell on February 8, 2012 and is headquartered Oxford, CT. About LogicMarkLogicMark, Inc. (formerly NXT-ID) provides personal emergency response systems (PERS), health communications devices and IoT technologies to create a connected care platform. The company’s devices give people the ability to receive care at home and confidence to age in place.
The company provides these devices to U.S. veterans at no charge through the Veterans Health Administration Medical Centers and outpatient clinics. The U.S. government awarded LogicMark a GSA contract in July 2021, enabling the company to partner with federal, state and local governments to widen the distribution of its products. “Care technology has always been at the heart of this company and is the future of developing our Caring-Platform-as-a-Service (CPaaS),” said Chia-Lin Simmons, CEO of LogicMark.
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- The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors.
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Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. This press city index review release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy.
Such forward-looking statements reflect LogicMark’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding LogicMark’s successful execution of its business strategy. Nxt-ID shares reverse split on the morning of Monday, October 18th 2021. The 1-10 reverse split was announced on Monday, October 18th 2021. The number of shares owned by shareholders was adjusted after the market closes on Monday, October 18th 2021.
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“It represents an entirely new ecosystem. We see this as the perfect time to reflect this change in our name.” Below are the latest news stories about Nxt-ID Inc that investors may wish to consider to help them evaluate NXTD as an investment opportunity. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Nxt-ID (NXTD) reported earnings per share (EPS) of $0, — estimates of $0 by —.
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