Comparing the current results to its competitors, Logicmark Inc reported Revenue increase in the 2 quarter 2026 by 17.39 % year on year, while most of its competitors have experienced contraction in revenues by -14.57 %, achieved in the same quarter.
Logicmark Inc, slower than the average decrease reported by the company's competitors of -6.64 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -6.64 %
Logicmark Inc's Comment on Competition and Industry Peers
LogicMark operates in a fragmented personal emergency response system (PERS) market with numerous competitors, primarily privately held companies focused exclusively on PERS. Other competitors include divisions of large publicly traded companies utilizing their call center operations, as well as firms from the healthcare, telecommunications, and home and commercial security industries. These competitors may possess greater resources, wider distribution networks, and larger intellectual property portfolios. Market success is influenced by factors such as brand reputation, market visibility, service and product capabilities, quality, pricing, and sales effectiveness. LogicMark emphasizes expanding its product capabilities and partnerships, transitioning from a reactive to a proactive approach to personal safety. Competitors identified in filings include GSA, LogicMark, and VHA.
Overall company sales advanced by 17.39 % Logicmark Inc outperformed its competitors in this segment and improved market share, to approx. 0.25 %. << More on LGMK Market Share.
*Market share is calculated based on total revenue.
January 17, 2024
LogicMark Unveils Aster, the Personal Safety App Ushering in a New Era of Independence, Freedom, and Peace of MindLogicMark, a leading provider of personal safety solutions, has announced the launch of their latest innovation Aster. This powerful personal safety software app is set to revolutionize the way individuals ensure their own security and gain a sense of independence and peace of mind.Aster marks a significant advancement in personal safety technology, providing users with a comprehensive platform from which they can connect with emergency services, trusted contacts, and access a range of life-saving features. With Aster, LogicMark aims to empower individuals to live their daily lives with confid...
ADT Inc is a company that primarily operates in the security and automation industry. They provide services such as monitored security systems for homes and businesses, as well as home automation solutions. Their business model focuses on offering consumers the ability to protect their properties and control various aspects of their homes through advanced security technology.
Best Buy Co. Inc. operates a multinational retail model focusing on consumer electronics and appliances. It combines online and brick-and-mortar sales, competitive pricing, knowledgeable staff, and services like installation and technical support to enhance customer experience.
Koninklijke Philips Nv operates as a diversified technology company, focusing on areas such as healthcare, consumer lifestyle, and lighting. The company provides a wide range of products and solutions, including medical imaging equipment, home appliances, personal care products, and lighting solutions. Philips Nv's business model involves innovation-driven research and development, strategic partnerships, and a global distribution network to deliver its products and services to customers worldwide.
Sources:
Logicmark Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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