NASDAQ$MARK
Remark Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Remark Holdings' financial performance improved with increased revenue and decreased operating loss in Q2 2024.
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.
- Revenue for Q2 2024 increased by 16.8% year-over-year to $3.7 million.
- Operating loss decreased by 18.8% to $3.2 million in Q2 2024.
- Net loss totaled $5.3 million, or $0.12 per share, for Q2 2024.
- Cash balance increased to $0.4 million as of June 30, 2024.
Headline financials
Revenue & EPS history
Remark Holdings · Revenue · Quarterly
$3.7M
Revenue by segment
Remark Holdings · $11.4M total across 1 segment · Q4 2022
- China$11.4M—100.0%
Forward guidance
Remark AI is focused on converting opportunities into revenue by delivering computer vision solutions and customer service. They are negotiating contracts for the second half of 2024.
Tailwinds
- Clark County School District approved a $5 million weapons detection contract.
- Remark AI showcased solutions at the NYC Smart City Expo.
- Remark AI completed migration to the Microsoft Azure Platform.
- Completed POC at a headquarters train station for a large European railway system.
- Completed successful POC for Migrant Center in one of the largest Sanctuary Cities.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-4.8%
Avg return
Earnings day
-5.5%
Avg return
5 days after
+2.1%
Avg return
30 days after
28%
11 / 39 earnings
Positive
+19.1%
Q3 2020
Best reaction
-94.3%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | -94.3% | +0.0% | +2.0% | |
| Q4 2024 | +0.0% | +5.8% | +26.9% | |
| Q3 2024 | -7.7% | -13.3% | -21.9% | |
| Q2 2024 | +8.6% | +2.9% | +9.8% | |
| Q1 2024 | -16.0% | -11.9% | -23.3% | |
| Q4 2023 | -1.9% | -4.2% | +152.4% | |
| Q3 2023 | -9.4% | -13.5% | -21.4% | |
| Q2 2023 | -10.6% | -15.1% | -34.9% | |
| Q4 2022 | -14.0% | +4.3% | +0.0% | |
| Q1 2023 | -14.0% | -19.6% | -18.2% | |
| Q3 2022 | +0.0% | -4.2% | -39.8% | |
| Q2 2022 | -5.9% | -16.7% | -30.7% | |
| Q4 2021 | -10.5% | +8.5% | -6.2% | |
| Q1 2022 | -10.5% | -12.1% | -33.2% | |
| Q2 2021 | -10.5% | -12.1% | -33.2% | |
| Q3 2021 | -3.8% | -16.0% | +99.1% | |
| Q1 2021 | +9.6% | +0.0% | +6.9% | |
| Q4 2020 | -7.5% | -6.5% | +55.8% | |
| Q3 2020 | +19.1% | +21.7% | +72.2% | |
| Q1 2020 | +9.7% | -30.9% | -28.4% | |
| Q2 2020 | -0.4% | +2.2% | -40.7% | |
| Q3 2019 | -1.3% | -13.3% | -24.9% | |
| Q2 2019 | -10.5% | -25.1% | +18.5% | |
| Q1 2019 | -0.8% | -9.2% | -26.8% | |
| Q3 2018 | -6.0% | -52.4% | -55.3% | |
| Q2 2018 | +2.8% | +5.4% | -10.3% | |
| Q1 2018 | -13.9% | -18.3% | -3.7% | |
| Q3 2017 | +0.8% | +63.0% | +119.0% | |
| Q2 2017 | -1.9% | -2.5% | -1.1% | |
| Q1 2017 | +4.7% | +0.0% | -14.7% | |
| Q3 2016 | -1.4% | +5.0% | -19.6% | |
| Q2 2016 | +1.3% | +2.7% | -6.2% | |
| Q1 2016 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q4 2012 | +3.1% | — | — | |
| Q2 2011 | +0.4% | — | — | |
| Q1 2011 | -2.2% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q3 2010 | +13.9% | — | — | |
| Q2 2010 | -2.5% | — | — | |
| Q1 2010 | -3.7% | — | — |
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