Overview
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- TickerMARK on NASDAQ1
- IndustryCommunications Services, NEC1
- HeadquartersLas Vegas1
- Websitewww.remarkholdings.com
- Incorporated inDE3
- Business address800 S Commerce St, Las Vegas, Nv 891063
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation
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Remark Holdings, Inc. and its subsidiaries (“Remark”, “we”, “us”, or “our”) constitute a diversified global technology business with leading AI-powered analytics, computer vision and smart agent solutions, delivered via an integrated suite of AI tools that help organizations understand their customer demographics and behavior while monitoring, understanding, and acting on potential security threats in real-time.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue35¢$3.3M
- Research and development20¢$1.9M
- Interest45¢$4.3M
Out of $4.4M in revenue.6 The company lost money this year.
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $70.6M7 | $10.1M8 | $5.0M9 | $10.1M10 | $16.0M11 | $11.7M6 | $4.4M6 |
| Cost of revenue | $16.9M7 | $12.9M8 | $3.5M8 | $6.4M10 | $11.5M11 | $11.3M6 | $3.3M6 |
| Gross profit | |||||||
| Research and development | $11.6M7 | $4.4M8 | $3.6M9 | $4.1M10 | $4.7M11 | $2.1M6 | $1.9M6 |
| Operating expenses | $29.9M11 | $33.0M6 | $21.6M6 | ||||
| Operating income | -$37.4M7 | -$44.5M8 | -$22.8M9 | -$14.2M10 | -$13.9M11 | -$21.3M6 | -$17.2M6 |
| Interest | $4.6M7 | $3.2M8 | $1.9M9 | $1.3M10 | $2.3M11 | $6.1M6 | $4.3M6 |
| Income before tax | $27.5M11 | -$55.5M6 | -$29.1M6 | ||||
| Income tax | $278.0K7 | -$140.0K8 | $09 | $010 | $9.0K11 | -$9.0K6 | $06 |
| Net income | -$106.7M7 | -$21.6M8 | -$25.6M9 | -$13.7M10 | $27.5M11 | -$55.5M6 | -$29.1M6 |
| Earnings per share | -$0.1610 | $2.7111 | -$5.226 | -$1.746 | |||
| Earnings per share (diluted) | -$0.1610 | $2.7011 | -$5.226 | -$1.746 | |||
| Shares (weighted, basic) | 10.1M shares11 | 10.6M shares6 | 16.7M shares6 | ||||
| Shares (weighted, diluted) | 10.2M shares11 | 10.6M shares6 | 16.7M shares6 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $22.6M7 | $1.4M8 | $272.0K9 | $854.0K10 | $14.2M11 | $52.0K6 | $145.0K6 |
| Receivables | $10.3M11 | $3.1M6 | $1.3M6 | ||||
| Inventory | $1.3M11 | $308.0K6 | $750.0K6 | ||||
| Current assets | $43.8M7 | $44.1M8 | $6.9M9 | $8.8M10 | $74.5M11 | $12.3M6 | $9.4M6 |
| Property, plant and equipment | $357.0K11 | $1.7M6 | $189.0K6 | ||||
| Total assets | $103.5M7 | $93.8M8 | $14.8M9 | $11.3M10 | $75.5M11 | $14.4M6 | $10.2M6 |
| Accounts payable | $10.1M11 | $9.6M11 | |||||
| Current liabilities | $90.5M7 | $102.6M8 | $37.8M9 | $17.1M10 | $44.4M11 | $34.8M6 | $49.5M6 |
| Long-term debt | $07 | $07 | $09 | $1.4M10 | $010 | ||
| Total liabilities | $183.1M7 | $106.9M8 | $42.6M9 | $20.4M10 | $44.5M11 | $34.9M6 | $49.8M6 |
| Retained earnings | -$333.0M11 | -$388.5M6 | -$417.7M6 | ||||
| Shareholders’ equity | -$79.6M8 | -$13.1M9 | -$27.7M10 | -$9.1M11 | $31.0M6 | -$20.4M6 | -$39.6M6 |
| Shares outstanding | 28.4M shares7 | 39.1M shares8 | 51.1M shares9 | 99.5M shares10 | 10.5M shares11 | 11.5M shares6 | 22.0M shares6 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$8.5M7 | -$16.2M8 | -$19.8M9 | -$18.0M10 | -$20.2M11 | -$16.6M6 | -$10.5M6 |
| Depreciation and amortization | $191.0K11 | $166.0K6 | $285.0K6 | ||||
| Stock-based compensation | $4.1M11 | $1.7M6 | $157.0K6 | ||||
| Capital spending | $1.2M7 | $308.0K8 | $8.0K9 | $290.0K10 | $223.0K11 | $448.0K6 | $51.0K6 |
| Free cash flow | -$9.7M | -$16.5M | -$19.8M | -$18.3M | -$20.4M | -$17.1M | -$10.5M |
| Cash from investing | $2.1M11 | $4.8M6 | -$51.0K6 | ||||
| Cash from financing | $31.4M11 | -$2.3M6 | $10.6M6 |
Leadership
Who has led Remark Media, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerKai-Shing Tao Dec 12, 2012 to Jan 24, 201815
- Chief executive officerCarrie Ferman Dec 22, 2011 to Jul 20, 201216
- Chief executive officerGregory Swayne Nov 9, 2009 to Nov 9, 200917
- ChairKai-Shing Tao Apr 30, 2014 to Jan 24, 201818
- ChairGregory Swayne Sep 23, 2010 to Mar 1, 201119
- PresidentGregory Swayne Apr 22, 2008 to Aug 14, 200820
- Chief financial officerAlison Davidson Aug 17, 2018 to Aug 17, 201821
- Chief financial officerDouglas Osrow Apr 30, 2014 to Jan 18, 201822
- Chief financial officerShawn Meredith Aug 14, 2008 to Mar 1, 201123
- Chief operating officerBradley T. Zimmer Dec 22, 2011 to Feb 3, 201224
- Chief operating officerGregory Swayne Apr 22, 2008 to Aug 14, 200820
Board members and other officers (16)
- Chief Technology OfficerEric Orme Nov 9, 2009 to Feb 3, 201225
- Vice chairHank Adorno Oct 4, 2007 to Aug 14, 200826
- Board memberLing Elizabeth Xu Jun 7, 2019 to Aug 5, 202027
- Board memberDaniel J. Stein Mar 17, 2017 to Aug 5, 202028
- Board memberWilliam Warwick Grounds Apr 30, 2014 to Jun 22, 201729
- Board memberGregory Swayne Feb 16, 2012 to Mar 30, 201230
- Board memberJames Arthur Rosenstock Iii. Feb 8, 2011 to Feb 8, 201131
- Board memberScott Booth Apr 14, 2011 to Jun 18, 201232
- Board memberMichael Cascone Apr 28, 2010 to Apr 28, 201033
- Board memberBoland T. Jones Oct 4, 2007 to May 21, 200934
- Board memberHank Adorno Oct 4, 2007 to Dec 2, 200926
- Board memberJeff Arnold Oct 4, 2007 to Sep 23, 200835
- Board memberKai-Shing Tao Oct 4, 2007 to Dec 12, 201236
- Board memberTheodore P. Botts Oct 4, 2007 to Sep 7, 202337
- Board memberWei Zhou Oct 4, 2007 to Oct 9, 200738
- Board memberArthur F. Kingsbury Dec 21, 2007 to Feb 4, 201139
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
Filings
166 filings to the SEC since October 2021: 5 annual reports, 10 quarterly reports, 43 major events, 3 insider forms, 4 large holders, 3 private raises, 98 other. The latest 20:
- Jan 13, 202510-Q EDGAR
- Nov 27, 2024PRE 14A EDGAR
- Nov 15, 2024NT 10-Q EDGAR
- Nov 12, 2024QUALIF EDGAR
- Nov 7, 2024CORRESP EDGAR
- Nov 5, 20241-A/A EDGAR
- Oct 31, 20248-K EDGAR
- Oct 28, 2024CORRESP EDGAR
- Oct 28, 20241-A/A EDGAR
- Oct 24, 20248-K EDGAR
- Oct 23, 2024UPLOAD EDGAR
- Oct 16, 20241-A-W WITHDRAWAL OF OFFERING STATEMENT UNDER REGULATION A EDGAR
- Oct 15, 2024CORRESP EDGAR
- Oct 15, 2024RW REQUEST FOR WITHDRAWAL OF FORM 1-A EDGAR
- Oct 15, 20241-A/A EDGAR
- Oct 10, 2024UPLOAD EDGAR
- Oct 1, 20241-A EDGAR
- Aug 19, 20248-K EDGAR
- Aug 19, 202410-Q EDGAR
- Aug 15, 2024SC 13G EDGAR
The 166 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 6, 2023 | BOTTS THEODORE PDirector | Buy | 8,000 | $0.61 | $4.9K | Form 4 |
| Aug 21, 2023 | BOTTS THEODORE PDirector | Buy | 3,800 | $0.71 | $2.7K | Form 4 |
| Jun 14, 2023 | BOTTS THEODORE PDirector | Buy | 6,000 | $1.21 | $7.3K | Form 4 |
| Jun 12, 2023 | BOTTS THEODORE PDirector | Buy | 50 | $1.18 | $59 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Mudrick Capital Management, L.P.SC 13G, 1 filing Aug 15, 202441
- Lawrence I. RosenSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202342
Money raised
Private offerings the company reported to the SEC on Form D.
Links
- Websitewww.remarkmedia.com1
- Websitewww.remarkholdings.com1
- X (Twitter)x.com/RemarkHoldings1
- LinkedInwww.linkedin.com/company/remark-media1
- WikidataQ7311538
- SEC EDGARCIK 1368365
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataRemark Media on Wikidata
- 2SEC EDGARRemark Media filings on SEC EDGAR
- 3SEC EDGARRemark Media filings on SEC EDGAR
- 4Company websiteRemark Media photo
- 5
- 6SEC EDGARRemark Media 10-K for fiscal 2023
- 7SEC EDGARRemark Media 10-K for fiscal 2017
- 8SEC EDGARRemark Media 10-K for fiscal 2018
- 9SEC EDGARRemark Media 10-K for fiscal 2019
- 10SEC EDGARRemark Media 10-K for fiscal 2020
- 11SEC EDGARRemark Media 10-K for fiscal 2021
- 12SEC EDGARRemark Media 10-Q for fiscal 2024
- 13SEC EDGARRemark Media 10-Q for fiscal 2024
- 14SEC EDGARRemark Media 10-Q for fiscal 2024
- 15
- 16
- 17
- 18SEC EDGARKai-Shing Tao, Chair
- 19SEC EDGARGregory Swayne, Chair
- 20SEC EDGARGregory Swayne, President
- 21
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- 25SEC EDGAREric Orme, Chief Technology Officer
- 26SEC EDGARHank Adorno, Vice chair
- 27SEC EDGARLing Elizabeth Xu, Board member
- 28SEC EDGARDaniel J. Stein, Board member
- 29
- 30SEC EDGARGregory Swayne, Board member
- 31
- 32SEC EDGARScott Booth, Board member
- 33SEC EDGARMichael Cascone, Board member
- 34SEC EDGARBoland T. Jones, Board member
- 35SEC EDGARJeff Arnold, Board member
- 36SEC EDGARKai-Shing Tao, Board member
- 37SEC EDGARTheodore P. Botts, Board member
- 38SEC EDGARWei Zhou, Board member
- 39SEC EDGARArthur F. Kingsbury, Board member
- 40
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