Remark Holdings, Inc. (NASDAQ:MARK) is reporting third quarter earnings results on Monday 16th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.04 per share.
For the full year, analysts predict revenues of $ 9.14 million, while looking forward to loss of $ 0.24 per share.
Previous Quarter Performance
Remark Holdings, Inc. communicated loss for the second quarter of $ 0.11 per share, from the revenue of $ 2.30 million. The quarterly revenues decreased 19.86 percent compared with the same quarter last year. According to street consensus, MARK was expected to report 2Q20 loss of $ 0.05 per share from revenue of $ 1.31 million. The bottom line results missed street analysts by $ 0.06 or 120 percent, at the same time, top line results outshined analysts by $ 0.99 million or 75.57 percent.
Stock Performance
On Friday, shares of Remark Holdings, Inc. has traded high as $ 1.22 and has cracked $ 1.13 on the downward trend, reaching $ 1.15 with volume of 4.47 million shares.
According to the previous trading day, closing price of $ 1.15, representing a 356.00 % increase from the 52 week low of $ 0.25 and a 67.98 % decrease over the 52 week high of $ 3.56.
The company has a market capital of $ 114.43 million and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Remark Holdings, Inc. will be hosting a conference call at 4:30 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 888.394.8218 or 323.701.0225 Toll Number, with passcode : 5959322 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.remarkholdings.com
Remark Holdings, Inc., technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.
