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Dec 31, 2021
Remark Holdings Q4 2021 Earnings Report
Remark Holdings reported a 33% increase in fourth quarter revenue and a 58% year-over-year increase in annual revenue.
Key Takeaways
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.
Q4 2021 revenue increased by 33% compared to Q4 2020, reaching $6.3 million.
Full year 2021 revenue increased by 58% to $16.0 million compared to 2020.
AI solutions were implemented in over 400 elementary schools in China by the end of 2021.
Remark AI achieved a top-five ranking in computer-vision testing conducted by the U.S. National Institute of Standards and Technology.
Remark Holdings
Remark Holdings
Remark Holdings Revenue by Geographic Location
Revenue by Geographic Location
China Revenue
CapyFin.comUS Revenue
CapyFin.com Forward Guidance
For fiscal year 2022, Remark anticipates continued growth in both US and China AI businesses and has a robust pipeline of business opportunities in Europe. The company will also be introducing several new initiatives in the NFT and metaverse spaces.
Positive Outlook
- Continued growth in US and China AI businesses.
- Robust pipeline of business opportunities in Europe.
- New initiatives in the NFT space.
- New initiatives in the metaverse space.
- AI technology powering new initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income