Remark Holdings Earnings Reports

Remark Holdings reported a revenue increase of 16.8% year-over-year, reaching $3.7 million in Q2 2024. The company's operating loss decreased by 18.8% to $3.2 million. The net loss was $5.3 million, or $0.12 per share.

Remark Holdings reported revenue of $0.2 million and a net loss of $7.2 million for the third quarter of 2023. The company signed contracts in new markets and released its Smart Chat Agent, while also expanding its Smart Campus solutions in China.

Remark Holdings reported a 24% increase in revenue for Q2 2023 compared to Q2 2022, driven by project completions in China. The company secured major partnerships for its AI solutions and is targeting EBITDA breakeven by the end of the year.

Remark Holdings reported a decrease in revenue for fiscal year 2022, primarily due to Covid-19 related lockdowns in China and a decrease in U.S. revenue. The company is focusing on expanding its business in the U.S. and the United Kingdom.

Remark Holdings reported a 130% increase in revenue for the third quarter of 2022, reaching $2.8 million. The company secured strategic partnerships and saw growth in its China business, though the US business experienced a decrease. The net loss totaled $8.9 million, or $0.08 per diluted share, compared to a net income of $72.7 million in the same quarter of the previous year, which included a significant gain on investment.

Remark Holdings reported a decrease in revenue to $2.6 million compared to $4.0 million in the same quarter last year. The company experienced an operating loss of $4.0 million and a net loss of $12.5 million, or $0.12 per diluted share.

Remark Holdings reported a strong fiscal year 2021, with a 58% increase in annual revenue to $16.0 million and Q4 revenue of $6.3 million, representing a 33% increase compared to Q4 2020. The company's AI-powered solutions saw adoption across diverse industries, and the company anticipates continued growth in both US and China AI businesses for fiscal year 2022.

Remark Holdings reported a 285% increase in revenue to $2.6 million and a net income of $4.4 million, or $0.04 per share, for the third quarter of 2020. This improvement was driven by strong growth in China and the US, as well as a $5.6 million non-cash gain from the change in fair value of warrant liability.