Remark Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 20, 2023 at 04:05 pm EST
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Remark Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.183 million compared to USD 2.81 million a year ago. Net loss was USD 7.17 million compared to USD 8.92 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.85 a year ago.
For the nine months, sales was USD 4.18 million compared to USD 10.04 million a year ago. Net loss was USD 21.21 million compared to USD 46.88 million a year ago. Basic loss per share from continuing operations was USD 1.38 compared to USD 4.45 a year ago.
Remark Holdings, Inc. is a holding company. The Company is engaged in a diversified global technology business with artificial intelligence (AI) and data-analytics, as well as a portfolio of digital media properties. Its data and AI software platform is developed to deliver AI-based computer vision products, computing devices and software-as-a-service solutions for businesses in many industries. The primary focus of its business is promoting and facilitating the safety of its customers and their customers through its Smart Safety Platform (the SSP). The Company customizes and sells its AI-based computer vision products and solutions, including the SSP, to customers in the retail, construction, public safety, workplace safety and public sector markets. It has also developed versions of its solutions for application in the transportation and energy markets. Its technologies include software applications built to run on third-party cloud hosting providers.