Remark Hldgs Inc Financials
This page shows Remark Hldgs Inc (MARK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Remark Hldgs Inc has an operating margin of -389.8%, meaning the company retains $-390 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -182.6% the prior year.
Remark Hldgs Inc's revenue declined 62.3% year-over-year, from $11.7M to $4.4M. This contraction results in a growth score of 0/100.
Remark Hldgs Inc's current ratio of 0.19 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Remark Hldgs Inc generated -$10.5M in operating cash flow, capex of $51K consumed most of it, leaving -$10.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Remark Hldgs Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Remark Hldgs Inc generates $0.36 in operating cash flow (-$10.5M OCF vs -$29.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Remark Hldgs Inc earns $-4.0 in operating income for every $1 of interest expense (-$17.2M vs $4.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Remark Hldgs Inc generated $4.4M in revenue in fiscal year 2023. This represents a decrease of 62.3% from the prior year.
Remark Hldgs Inc's EBITDA was -$16.9M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.2% from the prior year.
Remark Hldgs Inc generated -$10.5M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 38.4% from the prior year.
Remark Hldgs Inc reported -$29.1M in net income in fiscal year 2023. This represents an increase of 47.5% from the prior year.
Remark Hldgs Inc earned $-1.74 per diluted share (EPS) in fiscal year 2023. This represents an increase of 66.7% from the prior year.
Remark Hldgs Inc held $145K in cash against $0 in long-term debt as of fiscal year 2023.
Remark Hldgs Inc had 21M shares outstanding in fiscal year 2023. This represents an increase of 81.4% from the prior year.
Remark Hldgs Inc's gross margin was 24.5% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 21.6 percentage points from the prior year.
Remark Hldgs Inc's operating margin was -389.8% in fiscal year 2023, reflecting core business profitability. This is down 207.2 percentage points from the prior year.
Remark Hldgs Inc's net profit margin was -662.1% in fiscal year 2023, showing the share of revenue converted to profit. This is down 186.5 percentage points from the prior year.
Remark Hldgs Inc invested $1.9M in research and development in fiscal year 2023. This represents a decrease of 9.9% from the prior year.
Remark Hldgs Inc invested $51K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 88.6% from the prior year.
MARK Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $320K-91.3% | $3.7M+855.8% | $387K+71.2% | $226K-92.9% | $3.2M+283.4% | $826K-49.3% | $1.6M-42.1% | $2.8M |
| Cost of Revenue | $107K-96.3% | $2.9M+735.7% | $350K+239.8% | $103K-95.9% | $2.5M+451.9% | $455K-83.5% | $2.8M+12.0% | $2.5M |
| Gross Profit | $213K-72.5% | $774K+1991.9% | $37K-69.9% | $123K-81.3% | $656K+76.8% | $371K+132.9% | -$1.1M-419.0% | $353K |
| R&D Expenses | $698K+90.7% | $366K+5.8% | $346K-11.1% | $389K-31.4% | $567K+235.5% | $169K-84.6% | $1.1M+2575.6% | $41K |
| SG&A Expenses | $2.8M-16.1% | $3.3M+9.0% | $3.0M-32.1% | $4.5M+37.3% | $3.2M+14.5% | $2.8M-25.5% | $3.8M-43.5% | $6.7M |
| Operating Income | -$10.0M-212.6% | -$3.2M+13.1% | -$3.7M+38.7% | -$6.0M-52.3% | -$4.0M-30.1% | -$3.0M+52.7% | -$6.4M+4.4% | -$6.7M |
| Interest Expense | $376K-60.9% | $961K+1.9% | $943K0.0% | $943K+9.9% | $858K-44.4% | $1.5M+106.4% | $748K-45.2% | $1.4M |
| Income Tax | N/A | N/A | $0 | $0 | N/A | $0 | $0+100.0% | -$9K |
| Net Income | -$9.6M-82.8% | -$5.3M+61.9% | -$13.8M-73.7% | -$7.9M-35.2% | -$5.9M+28.0% | -$8.2M+5.1% | -$8.6M+3.6% | -$8.9M |
| EPS (Diluted) | $-0.19-58.3% | $-0.12+70.0% | $-0.40-33.3% | $-0.30+28.6% | $-0.42+33.3% | $-0.63+17.1% | $-0.76 | $-0.85 |
MARK Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6M-80.4% | $13.3M+31.2% | $10.1M-1.0% | $10.2M-20.4% | $12.9M-9.3% | $14.2M-1.8% | $14.4M-13.5% | $16.7M |
| Current Assets | $1.6M-72.8% | $5.9M-35.1% | $9.2M-3.0% | $9.4M-9.8% | $10.5M-13.9% | $12.2M-1.1% | $12.3M-17.3% | $14.9M |
| Cash & Equivalents | $21K-95.2% | $438K+83.3% | $239K+64.8% | $145K-30.3% | $208K-42.9% | $364K+600.0% | $52K-86.2% | $376K |
| Inventory | $814K+26.0% | $646K-12.9% | $742K-1.1% | $750K+113.7% | $351K+13.6% | $309K+0.3% | $308K-80.1% | $1.5M |
| Accounts Receivable | $302K-93.1% | $4.4M+277.6% | $1.2M-10.3% | $1.3M-62.6% | $3.4M+26.7% | $2.7M-12.0% | $3.1M-46.3% | $5.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $58.2M-2.4% | $59.7M+13.5% | $52.6M+5.5% | $49.8M+20.7% | $41.3M+3.3% | $40.0M+14.6% | $34.9M+11.1% | $31.4M |
| Current Liabilities | $58.1M-2.3% | $59.5M+13.6% | $52.3M+5.6% | $49.5M+21.2% | $40.9M+2.4% | $39.9M+14.7% | $34.8M+11.0% | $31.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$55.6M-20.0% | -$46.4M-9.2% | -$42.4M-7.2% | -$39.6M-39.3% | -$28.4M-10.3% | -$25.8M-26.2% | -$20.4M-39.0% | -$14.7M |
| Retained Earnings | -$446.3M-2.2% | -$436.7M-1.2% | -$431.5M-3.3% | -$417.7M-3.8% | -$402.6M-1.5% | -$396.7M-2.1% | -$388.5M-2.3% | -$379.9M |
MARK Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$920K+66.4% | -$2.7M+19.0% | -$3.4M-146.2% | -$1.4M+56.4% | -$3.1M-51.3% | -$2.1M+30.2% | -$3.0M-16.8% | -$2.6M |
| Capital Expenditures | $2K-99.1% | $235K-29.2% | $332K+1647.4% | $19K+850.0% | $2K-50.0% | $4K-98.5% | $273K+2933.3% | $9K |
| Free Cash Flow | -$922K+69.0% | -$3.0M+19.9% | -$3.7M-166.7% | -$1.4M+55.8% | -$3.1M-51.1% | -$2.1M+36.0% | -$3.3M-27.0% | -$2.6M |
| Investing Cash Flow | -$2K+99.1% | -$235K+29.2% | -$332K-1647.4% | -$19K-850.0% | -$2K+50.0% | -$4K+98.8% | -$337K-113.4% | $2.5M |
| Financing Cash Flow | $505K-84.1% | $3.2M-16.7% | $3.8M+200.5% | $1.3M-57.7% | $3.0M+24.9% | $2.4M-20.0% | $3.0M+562.0% | -$648K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MARK Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.6%+45.6pp | 20.9%+11.4pp | 9.6%-44.9pp | 54.4%+33.7pp | 20.7%-24.2pp | 44.9%+114.0pp | -69.1%-81.7pp | 12.6% |
| Operating Margin | -3139.1%-3052.2pp | -86.9%+868.2pp | -955.0%+1713.1pp | -2668.1%-2543.1pp | -125.0%+243.4pp | -368.4%+26.6pp | -395.0%-155.8pp | -239.2% |
| Net Margin | -3004.4%-2862.2pp | -142.2%+3421.4pp | -3563.6%-50.7pp | -3512.8%-3327.4pp | -185.5%+802.7pp | -988.1%-460.1pp | -528.0%-210.6pp | -317.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -368.1%-328.5pp | -39.5%+96.5pp | -136.0%-58.5pp | -77.6%-31.9pp | -45.7%+11.9pp | -57.6%+2.0pp | -59.6%-6.1pp | -53.5% |
| Current Ratio | 0.03-0.1 | 0.10-0.1 | 0.17-0.0 | 0.19-0.1 | 0.26-0.0 | 0.30-0.0 | 0.35-0.1 | 0.47 |
| Debt-to-Equity | -1.05+0.2 | -1.29-0.0 | -1.24+0.0 | -1.26+0.2 | -1.45+0.1 | -1.55+0.2 | -1.71+0.4 | -2.14 |
| FCF Margin | -288.1%-207.8pp | -80.3%+878.3pp | -958.7%-343.2pp | -615.5%-516.1pp | -99.4%+152.9pp | -252.3%-52.6pp | -199.8%-108.6pp | -91.1% |
Note: Shareholder equity is negative (-$39.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.19), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Remark Hldgs Inc's annual revenue?
Remark Hldgs Inc (MARK) reported $4.4M in total revenue for fiscal year 2023. This represents a -62.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Remark Hldgs Inc's revenue growing?
Remark Hldgs Inc (MARK) revenue declined by 62.3% year-over-year, from $11.7M to $4.4M in fiscal year 2023.
Is Remark Hldgs Inc profitable?
No, Remark Hldgs Inc (MARK) reported a net income of -$29.1M in fiscal year 2023, with a net profit margin of -662.1%.
What is Remark Hldgs Inc's earnings per share (EPS)?
Remark Hldgs Inc (MARK) reported diluted earnings per share of $-1.74 for fiscal year 2023. This represents a 66.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Remark Hldgs Inc's EBITDA?
Remark Hldgs Inc (MARK) had EBITDA of -$16.9M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Remark Hldgs Inc's gross margin?
Remark Hldgs Inc (MARK) had a gross margin of 24.5% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Remark Hldgs Inc's operating margin?
Remark Hldgs Inc (MARK) had an operating margin of -389.8% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Remark Hldgs Inc's net profit margin?
Remark Hldgs Inc (MARK) had a net profit margin of -662.1% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Remark Hldgs Inc's free cash flow?
Remark Hldgs Inc (MARK) generated -$10.5M in free cash flow during fiscal year 2023. This represents a 38.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Remark Hldgs Inc's operating cash flow?
Remark Hldgs Inc (MARK) generated -$10.5M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Remark Hldgs Inc's total assets?
Remark Hldgs Inc (MARK) had $10.2M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Remark Hldgs Inc's capital expenditures?
Remark Hldgs Inc (MARK) invested $51K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How much does Remark Hldgs Inc spend on research and development?
Remark Hldgs Inc (MARK) invested $1.9M in research and development during fiscal year 2023.
How many shares does Remark Hldgs Inc have outstanding?
Remark Hldgs Inc (MARK) had 21M shares outstanding as of fiscal year 2023.
What is Remark Hldgs Inc's current ratio?
Remark Hldgs Inc (MARK) had a current ratio of 0.19 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Remark Hldgs Inc's debt-to-equity ratio?
Remark Hldgs Inc (MARK) had a debt-to-equity ratio of -1.26 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Remark Hldgs Inc's return on assets (ROA)?
Remark Hldgs Inc (MARK) had a return on assets of -284.8% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Remark Hldgs Inc's cash runway?
Based on fiscal year 2023 data, Remark Hldgs Inc (MARK) had $145K in cash against an annual operating cash burn of $10.5M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Remark Hldgs Inc's debt-to-equity ratio negative or unusual?
Remark Hldgs Inc (MARK) has negative shareholder equity of -$39.6M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Remark Hldgs Inc's Piotroski F-Score?
Remark Hldgs Inc (MARK) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Remark Hldgs Inc's earnings high quality?
Remark Hldgs Inc (MARK) has an earnings quality ratio of 0.36x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Remark Hldgs Inc cover its interest payments?
Remark Hldgs Inc (MARK) has an interest coverage ratio of -4.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Remark Hldgs Inc?
Remark Hldgs Inc (MARK) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.