LogicMark, Inc. Reports Fourth Quarter and Full Year 2023 Results
Moreover, we achieved a 66% gross margin in the fourth quarter, an improvement of 450 bps from last year's fourth quarter.
- Moreover, we achieved a 66% gross margin in the fourth quarter, an improvement of 450 bps from last year's fourth quarter.
- Revenue in the fourth quarter of 2023 was $2.4 million, a 13% increase from $2.1 million in the same period last year.
- Gross profit in the fourth quarter of 2023 was $1.6 million, up 21% from $1.3 million in the same period last year.
- Gross margin improved to 66.0% in the fourth quarter of 2023, a 450 bp increase from the same period last year.