LGMK — what changed in the latest 10-Q
A section-by-section comparison of LGMK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-15 vs the prior 10-Q · 2025-11-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −19 | ~2 | 2 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-15
Three months ended March 31, 2026, compared with the three months ended March 31, 2025.
We experienced a 24% increase in revenue for the three months ended March 31, 2026, as compared to the same period ended March 31, 2025. The primary reason for the increase in revenue was due to continued higher sales of our Freedom Alert Mini units, and our upgraded Guardian Alert 911 Plus.
Gross profit margin was 69.6% for the three months ended March 31, 2026, up from 63.5% for the three months ended March 31, 2025, as a result of a decrease in shipping and fulfillment costs and a price increase that was implemented in late January 2026.
The $34.1 thousand increase in direct operating cost for the three months ended March 31, 2026, compared to the same period ended March 31, 2025, was primarily driven by an increase in merchant fees due to higher revenues.
The $96.2 thousand decrease in advertising costs for the three months ended March 31, 2026, compared to the same period ended March 31, 2025, was primarily driven by the shift away from sales to the business-to-consumer channel.
Text removed vs the prior filing · source: 10-Q · 2025-11-13
On October 28, 2025, the Company executed a 1-for-750 reverse stock-split of the Company’s outstanding shares of Common Stock and Series C Redeemable Preferred Stock (collectively, the “Reverse Stock Split”), whereby every 750 shares of Common Stock and Series C Redeemable Preferred Stock was consol…
Three and nine months ended September 30, 2025, compared with the three and nine months ended September 30, 2024.
We experienced an 8% and 9% increase in revenue for the three and nine months ended September 30, 2025, respectively, as compared to the same periods ended September 30, 2024. The primary reason for the increase in revenue was due to continued higher sales of our Freedom Alert Mini units, launched i…
Gross profit margin was 66% for the three months ended September 30, 2025, flat compared to the three months ended September 30, 2024. Gross profit margin was 67% for the nine months ended September 30, 2025, flat compared to the nine months ended September 30, 2024.
The $11.3 thousand and $53.8 thousand increase in direct operating cost for the three and nine months ended September 30, 2025, respectively, compared to the same periods ended September 30, 2024, was primarily driven by an increase in personnel wages.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice