NASDAQ$MARK
Remark Holdings Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Remark Holdings reported financial results for the third quarter of 2023.
Remark Holdings reported revenue of $0.2 million and a net loss of $7.2 million for the third quarter of 2023. The company signed contracts in new markets and released its Smart Chat Agent, while also expanding its Smart Campus solutions in China.
- Signed contracts in Brazil, Colombia, Malaysia, and India, expecting revenue contribution in early 2024.
- Released Remark AI's natural-language Smart Chat Agent for real-time 311 service requests.
- Deployed Smart Campus solutions to 20 additional educational campuses in China, reaching over 750 campuses and 1.5 million students, contributing approximately $0.2 million in revenue.
- Operating loss decreased to $4.1 million compared to $6.7 million in the same period of 2022.
Headline financials
Revenue & EPS history
Remark Holdings · Revenue · Quarterly
$183K
Revenue by segment
Remark Holdings · $11.4M total across 1 segment · Q4 2022
- China$11.4M—100.0%
Forward guidance
The company anticipates an agreement with a top cloud computing company that will add their AI computer vision solutions to a cloud marketplace, positioning their product to IT departments of top corporations.
Tailwinds
- Strategic relationships with top-level channel partners and systems integrators.
- Contracts signed with customers or systems integrators in multiple countries.
- Expected agreement with a top cloud computing company to add AI solutions to a cloud marketplace.
- Sales and Marketing collaboration with Arrow Electronics and Intel.
- Diversification away from reliance on one geographic market.
Headwinds
- Lingering effects of COVID-19 preventative measures.
- Geopolitical tensions, including tensions between the U.S. and China.
- Slower project completions in China due to business and economic recovery efforts and political tensions.
- Agreement with the customer has not yet met the requirement for revenue recognition during the quarter.
- Unspecified risks and uncertainties that could affect forward-looking statements.
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 Q3 2023
-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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