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Remark Holdings (MARK)
OTHER OTC:MARK
Holding MARK?
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -12.75%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Neutral
Remark Holdings showcased significant progress in expanding its U.S. business, with notable contract wins and strategic partnerships. However, the company still faces financial challenges, including a net loss and cash flow concerns.Company Guidance
During Remark Holdings' Q2 2024 earnings call, significant guidance was provided, highlighting key financial metrics and strategic developments. The company successfully completed a project with the Clark County School District, generating $3.7 million in revenue for the quarter. Despite an operating loss of $3.2 million, this marked an improvement from a $4 million loss in Q2 2023. Net loss also decreased to $5.3 million, or $0.12 per diluted share, compared to $5.9 million, or $0.42 per diluted share, in the previous year. Remark Holdings resolved default issues with Mudrick Capital by exchanging nonconvertible notes for convertible debentures. The company emphasized its strategic shift from Asia to the U.S. market, exemplified by its partnership with the Clark County School District and ongoing collaborations with Microsoft Azure and Oracle, aiming to capture $400 million in business over the next five years.Successful Transition to U.S. Market
Remark Holdings secured a significant contract with Clark County School District, valued at $45 million over 9 years, marking a successful transition of revenue base from Asia to the U.S.
AI Product Expansion
Introduction of the Remark Fast AI Training Platform, a SaaS product that provides AI training infrastructures and advanced analytics capabilities.
Strategic Partnerships
Remark AI completed migration to Microsoft Azure platform, preparing for a potential $400 million business capture over the next 5 years with Microsoft.
Showcase at New York City Smart City Expo
Remark AI showcased its AI solutions in conjunction with Oracle and NVIDIA, leading to additional POCs for transforming top 100 U.S. cities into Smart Cities.
Operating Loss Reduction
Operating loss reduced by $0.8 million, from $4 million in Q2 2023 to $3.2 million in Q2 2024.
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MARK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MARK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $0.10 | $0.10 | 0.00% |
| Aug 19, 2024 | $0.10 | $0.10 | 0.00% |
| May 20, 2024 | $0.19 | $0.18 | -5.26% |
| Apr 15, 2024 | $0.16 | $0.14 | -12.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Remark Holdings (MARK) report earnings?
Remark Holdings (MARK) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Remark Holdings (MARK) earnings time?
Remark Holdings (MARK) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MARK EPS forecast?
Currently, no data Available
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