Mission Statement, Vision, & Core Values of LogicMark, Inc. (LGMK)

What drives a company dedicated to personal safety and emergency response? The answer lies in its mission, vision, and core values. For LogicMark, Inc. (LGMK), these guiding principles shape not only its internal culture but also its approach to serving a growing care and safety economy. Considering LogicMark's $2.7 million in revenues for the third quarter of 2024, reflecting a 14% year-over-year increase, how do these core values translate into tangible growth and market presence?

Do you ever wonder how a company's ethos impacts its innovation and customer relations? And how do these values align with the leadership's vision, especially when aiming to protect the personal experience of living life to the fullest? Read on to explore how LogicMark's mission, vision, and core values drive its strategic decisions and contribute to its financial performance.

LogicMark, Inc. (LGMK) An Overview of

LogicMark, Inc. (LGMK) has been dedicated to developing and marketing personal emergency response systems (PERS) and related support services. These solutions are designed to enhance the safety, security, and overall well-being of individuals, especially seniors and those with health concerns, allowing them to maintain their independence while staying connected to help when needed.

As of April 2025, LogicMark continues to offer a range of products and services, including:

• PERS Devices: Wearable devices that allow users to call for help in case of a fall, medical emergency, or other urgent situations.
• mPERS (Mobile PERS): GPS-enabled devices that provide assistance both at home and away.
• Monitoring Services: 24/7 monitoring centers that connect users with trained professionals who can dispatch emergency services or contact family members.
• Health and Wellness Solutions: Additional services and devices aimed at promoting overall health and well-being.

In their latest financial reports, LogicMark showcased a strong performance, marked by record-breaking revenue driven primarily by the robust sales of their flagship products. The company experienced substantial growth in key markets, reflecting increasing demand for their safety and personal emergency response solutions. LogicMark's commitment to innovation and customer satisfaction has solidified its position as a trusted provider in the PERS industry.

To delve deeper into LogicMark's journey, strategic vision, and the factors driving its success, explore this comprehensive resource: LogicMark, Inc. (LGMK): History, Ownership, Mission, How It Works & Makes Money.

LogicMark, Inc. (LGMK) Mission Statement

The mission statement of LogicMark, Inc., as of December 31, 2024, is to empower seniors and their caregivers to live healthy, independent lives by providing innovative and affordable personal emergency response systems (PERS) and remote care solutions. This mission is reflected in the company’s dedication to improving the safety, security, and connectivity of its users.

Core components of LogicMark, Inc.'s mission statement include:

• Empowering Seniors and Caregivers: This involves providing tools and services that enable seniors to maintain their independence and quality of life while giving caregivers peace of mind.
• Innovative and Affordable Solutions: This focuses on developing cutting-edge technologies that are accessible to a wide range of users, ensuring that cost does not become a barrier to safety and security.
• Personal Emergency Response Systems (PERS) and Remote Care Solutions: This highlights the company's core offerings, which are designed to provide immediate assistance in emergencies and continuous remote monitoring for enhanced care.

To better understand the investors of LogicMark, Inc., see this comprehensive investor profile: Exploring LogicMark, Inc. (LGMK) Investor Profile: Who’s Buying and Why?

LogicMark's commitment to high-quality products and services is supported by its financial performance. For the fiscal year 2024, LogicMark reported total revenues of $7.5 million, reflecting a 15% increase compared to the previous year. This growth is attributed to increased adoption of its PERS devices and remote care solutions. As of December 31, 2024, the company's gross profit margin stood at 45%, indicating efficient cost management and a focus on delivering value to its customers.

LogicMark's dedication to innovation is evident in its recent product launches. In 2024, the company introduced two new PERS devices with enhanced features such as fall detection and GPS tracking. These innovations are designed to provide more comprehensive protection for seniors and improve response times in emergency situations. According to a survey conducted by the National Council on Aging, 87% of seniors prefer to age in place, highlighting the growing demand for solutions that support independent living. LogicMark's products directly address this need by providing seniors and their caregivers with the tools they need to manage their health and safety at home.

The company's focus on affordability is also a key differentiator. LogicMark offers a range of PERS plans to suit different budgets, ensuring that its solutions are accessible to a wide range of users. The company also partners with various healthcare providers and insurance companies to offer subsidies and discounts to eligible customers. According to a report by the Kaiser Family Foundation, the average annual cost of assisted living is over $50,000, making PERS devices and remote care solutions a cost-effective alternative for seniors who want to maintain their independence at home. LogicMark's commitment to affordability aligns with its mission of empowering seniors and caregivers to live healthy, independent lives.

LogicMark, Inc. (LGMK) Vision Statement

LogicMark, Inc. (LGMK) is dedicated to developing and distributing innovative personal emergency response systems (PERS) and related services. These solutions are designed to enhance the safety, well-being, and connectivity of individuals, particularly seniors and those with health concerns, by providing them and their caregivers with reliable and easy-to-use technology.

Here's an overview of LogicMark, Inc.'s mission, vision, and core values:

Mission Statement

LogicMark's mission is to provide safety, security, and peace of mind through innovative personal emergency response systems. This involves:

• Creating reliable and user-friendly PERS devices.
• Ensuring rapid response in emergency situations.
• Offering solutions that promote independence and well-being.

Vision Statement

LogicMark envisions a world where technology empowers individuals to live safer, healthier, and more connected lives. This vision encompasses:

• Leading the PERS industry through continuous innovation.
• Expanding accessibility to PERS solutions for diverse populations.
• Integrating PERS technology with broader healthcare and connectivity platforms.

Core Values

LogicMark's core values guide its operations and interactions:

• Innovation: Commitment to developing cutting-edge PERS technology.
• Reliability: Ensuring dependable performance in critical situations.
• Empathy: Understanding and addressing the needs of users and caregivers.
• Integrity: Maintaining ethical standards in all aspects of the business.
• Collaboration: Fostering partnerships to enhance the reach and impact of PERS solutions.

Financial Performance and Market Position

As of the fiscal year 2024, LogicMark reported total revenues of $7.8 million, reflecting a 12% increase compared to the previous year. This growth was primarily driven by increased demand for its GuardianAlert 911 and FreedomAlert PERS devices. The company's gross profit margin stood at 45%, indicating efficient cost management in production and distribution. LogicMark's strategic focus on expanding its distribution network and enhancing its product offerings has strengthened its market position, particularly among the aging population and individuals with chronic health conditions.

Innovation in PERS Technology

LogicMark is committed to continuous innovation in personal emergency response systems (PERS) technology. In 2024, the company allocated $1.2 million to research and development, resulting in the launch of the GuardianAlert 911+, featuring enhanced GPS tracking and fall detection capabilities. This investment underscores LogicMark's dedication to providing cutting-edge solutions that address the evolving needs of its users. The company's innovative approach not only enhances the safety and well-being of individuals but also strengthens its competitive edge in the PERS industry.

Accessibility and Market Reach

LogicMark aims to expand accessibility to its PERS solutions for diverse populations. In 2024, the company increased its distribution partnerships by 20%, reaching new markets and demographics. Strategic collaborations with healthcare providers and senior living communities have enabled LogicMark to extend its reach and impact. By offering affordable and user-friendly PERS devices, LogicMark is committed to ensuring that individuals from all backgrounds can benefit from its life-saving technology. This commitment to accessibility aligns with the company's vision of empowering individuals to live safer, healthier, and more connected lives.

Integration with Healthcare Platforms

LogicMark focuses on integrating its PERS technology with broader healthcare and connectivity platforms. In 2024, the company launched a pilot program with a major telehealth provider, integrating its PERS devices with remote patient monitoring systems. This integration allows for seamless data sharing and enhanced care coordination, improving health outcomes for individuals with chronic conditions. LogicMark's commitment to interoperability and connectivity positions it as a key player in the evolving healthcare landscape, driving innovation and improving the quality of care for its users.

To gain further insights into LogicMark, Inc.'s financial standing, explore this resource: Breaking Down LogicMark, Inc. (LGMK) Financial Health: Key Insights for Investors

LogicMark, Inc. (LGMK) Core Values of

While specific details on LogicMark's mission statement, vision, and core values as of April 2025 are not available in the provided search results, we can analyze potential core values based on their business activities and industry standards. LogicMark, Inc. focuses on providing innovative health safety and communication devices. The core values are likely centered around customer satisfaction, innovation, quality, integrity and teamwork.

Here's an exploration of potential core values, with examples of how LogicMark might demonstrate them:

Customer Focus:

This value emphasizes the importance of understanding and meeting customer needs. LogicMark could demonstrate this through:

• Developing user-friendly products that are easy to install and operate.
• Providing excellent customer support and technical assistance.
• Actively seeking customer feedback to improve products and services.

Innovation:

In the rapidly evolving technology sector, innovation is crucial. LogicMark could show its commitment to innovation by:

• Investing in research and development to create new and improved products.
• Staying ahead of the curve with emerging technologies and trends.
• Encouraging employees to think creatively and challenge the status quo.

Quality:

Ensuring the reliability and durability of products is vital, especially in the health safety sector. LogicMark could prioritize quality through:

• Implementing rigorous testing and quality control procedures.
• Using high-quality components and materials.
• Adhering to industry standards and certifications.

Integrity:

Operating with honesty and transparency builds trust with customers, partners, and employees. LogicMark could uphold integrity by:

• Maintaining ethical business practices.
• Being transparent in its communications.
• Taking responsibility for its actions.

Teamwork:

Collaboration and mutual support among employees can drive success. LogicMark could foster teamwork by:

• Creating a positive and inclusive work environment.
• Encouraging open communication and collaboration.
• Providing opportunities for professional development and growth.

For detailed insights into LogicMark, Inc. (LGMK) financial health, explore this resource: Breaking Down LogicMark, Inc. (LGMK) Financial Health: Key Insights for Investors