Remark Hldgs Inc Stock Price, News & Analysis

Remark Holdings, Inc. (NASDAQ: MARK) announced its conference call to discuss the financial results for the fiscal first quarter ending March 31, 2021. The call is scheduled for May 17, 2021, at 4:30 p.m. ET. Management will provide insights into the company's AI businesses in Asia and the U.S., along with updates on the AI platform's progress. Participants can access the call via telephone or online. A replay will be available after the call until May 22, 2021. Remark Holdings focuses on integrating AI solutions across various sectors and operates digital media properties.

Remark Holdings, Inc. (NASDAQ: MARK) has partnered with Shryne Group, a leading cannabis company in California, to utilize Remark's Retail AI Platform. This collaboration aims to enhance customer service, marketing, and security at Shryne's retail dispensaries, starting with the flagship Stiiizy store in Los Angeles. CEO Kai-Shing Tao highlighted the potential growth in the cannabis market due to increasing legalization, while Shryne's CEO Brian Mitchell emphasized how adopting Remark's technology fuels their growth strategy in building a vertically-integrated cannabis business.

Remark Holdings, Inc. (NASDAQ: MARK) has announced the adjournment of its special shareholder meeting until May 27, 2021, at 1:00 p.m. ET. This decision was made to allow more time to solicit votes for a quorum. The new record date for stockholders eligible to vote is April 6, 2021, replacing the previous date of January 7, 2021. Stakeholders who had voted before and do not wish to change their votes need not act, while those who wish to change their votes or new stockholders must follow instructions on the newly issued proxy cards.

Remark Holdings reported fiscal year 2020 revenue of $10.1 million, more than doubling from $5.0 million in 2019. The fourth quarter alone generated nearly $5.0 million, a tenfold increase year-over-year. Growth was driven by demand for AI solutions in various sectors, especially in the U.S. Despite a $14.2 million operating loss, improvements were noted in gross profit margin, rising to 37%. The company plans to accelerate growth in 2021 through new partnerships and projects. Cash reserves improved to $0.9 million as of December 31, 2020, boosted by $32.1 million from stock issuances.

Remark Holdings, Inc. (NASDAQ: MARK) has scheduled a conference call for March 31, 2021, at 4:30 p.m. ET to discuss its fiscal year 2020 financial results. The call will provide insights into the company’s AI business developments in the U.S. and Asia, along with updates on monetization strategies for its Sharecare stake. The call will be accessible via phone and online, with replays available afterward. Investors can expect management to detail performance metrics and future outlook in this essential update.

Remark Holdings, Inc. (NASDAQ: MARK) will participate in the 33rd Annual ROTH Growth Conference from March 15-17, 2021. The virtual conference will host over 550 companies and attract 5,000 attendees, including institutional investors and analysts. Remark's CEO Kai-Shing Tao and other representatives will hold one-on-one meetings with investors during the event. An investor presentation will be available online on the first day of the conference. Remark Holdings specializes in AI solutions across various sectors, including retail and financial.

Remark Holdings, Inc. (NASDAQ: MARK) announced the adjournment of its special shareholder meeting to April 6, 2021, at 1:00 p.m. ET. The postponement aims to allow more time for soliciting votes to achieve a quorum. Remark Holdings provides AI solutions and operates digital media properties, focusing on retail, public safety, and workplace applications. The company has headquarters in Las Vegas and additional operations in Los Angeles and various cities in China.

Remark Entertainment, a division of Remark Holdings (NASDAQ: MARK), has been appointed as the exclusive marketing partner for SuperDraft, Inc., an online daily fantasy sports platform. This partnership aims to enhance SuperDraft's brand identity and marketing efforts. Remark Entertainment will utilize its expertise in AI and digital marketing to help SuperDraft grow within the rapidly expanding daily fantasy sports market. SuperDraft is set to launch its $1 million SuperMillion Big Game contest on February 7, 2021, with multiple cash prizes available to participants.

Remark Holdings, Inc. (NASDAQ: MARK) announced that a major Chinese bank has chosen its KanKan AI to upgrade operations at 150 branches in Sichuan Province, serving around 1.8 million customers. The deployment includes the Digital Marketing Platform (DMP), which integrates customer data from various sources to optimize marketing strategies. CEO Kai-Shing Tao emphasized the need for unified marketing approaches amid the COVID-19 pandemic. In 2021, KanKan AI plans to extend its services to four additional banks in Southwest China.