NASDAQ$MARK

Remark Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Remark Holdings' financial performance for fiscal year 2022 was announced, highlighting strategic partnerships aimed at future growth.

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.

Headline financials

Total Revenue

$1.63M

Previous: $6.33M-74.3%
EPS (adj)

-$0.72

Previous: -$3.90+81.5%
Capital Expenditures

$273K

Previous: $68K+301.5%
Free Cash Flow

-$3.25M

Previous: -$10.1M+67.9%
Net Income

-$55.5M

Previous: $27.5M-302.0%
Operating Income

-$21.3M

Previous: -$13.9M-53.2%
Gross Profit

-$1.13M

Previous: $4.5M-125.0%
Cash & Equivalents

$52K

Previous: $14.2M-99.6%
Total Assets

$14.4M

Previous: $75.5M-80.9%
Stock-Based Comp

$512K

Previous: $563K-9.1%

Revenue & EPS history

Remark Holdings · Revenue · Quarterly

$1.63M

Q4 2022-74.3%vs Q4 2021
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Remark Holdings · $11.4M total across 1 segment · Q4 2022

  • China
    $11.4M

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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