Welcome to our dedicated page for Remark Hldgs news (Ticker: MARK), a resource for investors and traders seeking the latest updates and insights on Remark Hldgs stock.
Remark Holdings, Inc. (OTCQX: MARK) generates frequent news coverage as an AI and computer vision company focused on video analytics, safety, and smart city applications. Company updates often highlight new product capabilities, technology optimizations, strategic partnerships, and contracts across government, education, transportation, and other sectors.
Recent announcements describe the company’s AI-powered analytics platform, including the Smart Safety Platform (SSP), which has been optimized for Intel Architecture using OpenVINO to improve AI workload performance. News items also cover the launch of Remark’s Drone Video Analytics (DVA) platform, which manages and analyzes real-time video feeds from drone fleets for use in areas such as military operations, law enforcement, and package delivery.
Remark’s news flow includes public sector and smart city developments, such as Google Public Sector selecting its computer vision AI for projects in New York State under an Enterprise Cloud Services Agreement. Other stories discuss contracts and proof-of-concept deployments for weapons detection and safety analytics in large U.S. school districts, smart city expos, and transportation systems, as well as participation in events like Oracle CloudWorld as part of AI-focused pavilions.
Investors and observers can also find coverage of capital markets and balance sheet actions, including preferred stock offerings and a debt exchange agreement with Mudrick Capital Management, L.P. The MARK news page on Stock Titan aggregates these earnings updates, partnership announcements, product launches, and financing developments so readers can follow how Remark’s AI business and relationships with partners such as Microsoft, Oracle, Nvidia, Intel, and Google Public Sector evolve over time.
Remark Holdings (NASDAQ: MARK) has integrated its Smart Safety Platform with Milestone Systems' XProtect® video management solution, enhancing security capabilities for users. This partnership enables organizations to make real-time, data-driven decisions using AI-powered video analytics, improving situational awareness and incident response. Key features include detection of security breaches, crowd analysis, and proactive alerts. This integration aims to simplify security management and automate workflows, making it particularly beneficial for sectors like law enforcement, education, and public safety.
Remark Holdings, Inc. (NASDAQ: MARK) will hold a conference call on November 14, 2022, at 4:30 PM ET to discuss its fiscal third quarter results ending September 30, 2022. The call will also provide updates on the company's artificial intelligence businesses in Europe and the United States, along with progress in its AI platform. Access to the call will be available via telephone or online webcast. A replay will be available following the call until November 19, 2022.
Remark Holdings, Inc. (NASDAQ: MARK) has appointed DeMeakey Williams, Sr. as its new Chief Revenue Officer, effective immediately. With over 20 years of experience in marketing and sales from both high-growth startups and established firms, Williams is expected to bolster Remark's revenue and brand presence. His role involves overseeing global communications, demand creation, and customer advocacy. Williams previously held significant positions at Pangiam and Smiths Detection. CEO Shing Tao emphasized the need for strategic leadership to enhance Remark's AI solutions, particularly the Smart Safety Platform.
On October 17, 2022, Remark Holdings, Inc. (NASDAQ: MARK) successfully appealed a delisting notice from Nasdaq, securing a continuation of its listing until January 11, 2023. During the hearing, CEO Kai Shing Tao presented a plan to meet Nasdaq's compliance requirements, which necessitate a closing price of $1.00 or more per share for at least ten consecutive trading sessions. The company must also report any significant events impacting compliance before the deadline.
Remark Holdings (NASDAQ: MARK) reported its second quarter financial results for the period ending June 30, 2022, with revenue at $2.6 million, down from $4.0 million year-over-year. The decline was primarily due to the absence of a significant AI data intelligence project. While revenue from China increased by $1.0 million, overall gross profit dropped to $0.7 million, yielding a gross profit margin of 27.8%. Operating loss widened to $4.0 million, with net loss at $12.5 million, or $0.12 per diluted share. As of June 30, cash reserves fell to $1.1 million, down from $14.2 million at year-end 2021.
Remark Holdings, Inc. (NASDAQ: MARK) has scheduled a conference call for August 15, 2022, at 4:30 p.m. Eastern time to discuss financial results for its fiscal second quarter ended June 30, 2022. Management will provide insights into the company's AI businesses across Asia, Europe, and the United States. Investors can join via telephone or online, with a replay available until August 20, 2022. Remark Holdings offers a suite of AI solutions and owns e-commerce media properties, operating from locations including Las Vegas, London, and Shanghai.
Remark Holdings, Inc. (NASDAQ: MARK) has been designated as a Silver Partner in Genetec's Development Acceleration Program. This partnership allows Genetec's Security Center customers to utilize Remark's Smart Safety Platform (SSP), enhancing security through real-time alerts and AI-powered video analytics. The SSP delivers advanced features such as people counting, intrusion detection, and intelligent forensic investigation. This collaboration aims to provide greater flexibility and cost efficiency in security operations for large-scale deployments.
Remark Holdings, Inc. (NASDAQ: MARK) announced the adjournment of its annual shareholder meeting to July 5, 2022, at 1:00 p.m. ET, to secure the necessary quorum for conducting business. The company focuses on delivering advanced AI solutions and operates digital media properties. Its headquarters are in Las Vegas, Nevada, with additional operations globally. The press release also contains forward-looking statements about potential risks and uncertainties affecting the company’s future financial performance.
Remark Holdings, Inc. (NASDAQ: MARK) appointed Robert Gatchell as Senior Executive Vice President of Operations. With over 20 years of experience in security and emergency management, he will lead the development of Remark's Smart Safety Platform. Gatchell aims to enhance services for clients, focusing on emergency preparedness and cybersecurity. His background includes roles at NJ TRANSIT and Brightline, where he established significant safety protocols. Remark intends to leverage Gatchell's expertise to improve resiliency and address potential business interruptions.
Remark Holdings, Inc. (NASDAQ: MARK) announced the adjournment of its annual shareholder meeting to June 30, 2022, at 1:00 p.m. ET. This decision aims to provide extra time to solicit votes in order to achieve a quorum necessary for conducting business. Remark Holdings specializes in AI solutions catering to various sectors, including retail and public safety, and has international operations across the US and China.
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