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Dec 31, 2022
Remark Holdings Q4 2022 Earnings Report
Remark Holdings' financial performance for fiscal year 2022 was announced, highlighting strategic partnerships aimed at future growth.
Key Takeaways
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 AI's Smart Safety Platform was selected by Milestone and other video management software providers as strategic partners.
Remark AI won a contract to provide its Smart Safety Platform to Fremont Street Experience.
The company deployed its Smart Campus solutions at an additional 100 campuses in China.
The company completed an additional 11 installations of its Smart Construction solution in China, bringing the total installations to 97 sites.
Revenue by Segment
Forward Guidance
Remark expects that deployments at China Mobile retail locations and at banks will gradually resume in the second quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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