LogicMark Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Health Care Equipment & Supplies | Small Cap Value
Company profile

LogicMark, Inc. provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform. The Company builds technology to check, manage and monitor a loved ones health and safety remotely. Its PERS is a medical alert or medical alarm system, which is designed to indicate the presence of a threat that requires immediate attention and then immediately contacts a trusted family member and the emergency medical workforce. Its PERS devices incorporate two-way voice communication technology for remote monitoring. PERS transmits signals to an alarm monitoring medical team, which then departs for the location where the alarm was activated. Its PERS products include GUARDIAN ALERT 911 PLUS, FREEDOM ALERT, GUARDIAN ALERT 911, CONNECTED GUARDIAN and LifeSentry. Its PERS technologies are sold through dealers and distributors, as well as through the United States Veterans Health Administration (the VHA).

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Hanesbrands stock falls after profit topped expectations but revenue missed, and outlook was well below forecasts

7:35 am ET November 9, 2022 (MarketWatch)

Shares of Hanesbrands Inc. dropped 3.0% in premarket trading Wednesday, after the apparel company, with brands including Hanes and Champion, reported third-quarter profit that topped forecasts but revenue that missed and provided a downbeat outlook, citing a "tougher-than-expected" sales environment. Net income fell to $80.1 million, or 23 cents a share, from $151.8 million, or 43 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 29 cents beat the FactSet consensus of 27 cents. Sales declined 6.6% to $1.67 billion, below the FactSet consensus of $1.70 billion. Innerwear sales fell 11%, as hurt by macroeconomic pressures that weighed on consumer spending and retailer actions to manage inventory. Activewear sales were relatively flat, while international sales decreased 6%. Gross margin contracted to 33.7% from 39.1%, hurt by commodity and ocean freight inflation. The value of inventories was $2.14 billion as of Oct. 1, up 34.9% from Jan. 1. For the fourth quarter, the company expects adjusted EPS of 4 cents to 11 cents, below the FactSet consensus of 21 cents, and expects sales of $1.40 billion to $1.45 billion, below expectations of $1.6 billion. The stock has plunged 37.2% over the past three months through Tuesday while the S&P 500 has lost 7.1%.

-Tomi Kilgore


(END) Dow Jones Newswires

November 09, 2022 07:35 ET (12:35 GMT)

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