Welcome to our dedicated page for Remark Holdings news (Ticker: $MARK), a resource for investors and traders seeking the latest updates and insights on Remark Holdings stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Remark Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
Remark Holdings, Inc. (Nasdaq: MARK) announced the release of version 1.0 of its Airline Engine Safety Inspection System (AESIS). AESIS is intended for use by airlines, airline maintenance teams, engine manufacturers, airplane manufacturers, aircraft leasing companies, insurance companies, regulators, etc. The system can reduce the engine turbine blades inspection time from an average of 40 hours down to 2 hours, representing a 2000% improvement; it also lowers the damage mis-detection rate from an average of 5% to less than 1%, representing a 500% improvement. Major U.S. airlines spent approximately $2.0 billion on maintenance costs in 2022, a figure that has increased on average 20% year over year. AESIS 1.0 can provide a practical solution to cut significant cost and time for airliners, who can repurpose their resources to provide more valuable services to their customers.
Rhea-AI Impact
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End-of-Day
2%
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Remark Holdings, Inc. (NASDAQ: MARK) announced its financial results for Q3 2023, highlighting strategic relationships with channel partners and systems integrators. The company expects to announce an agreement with a top cloud computing company soon. Remark AI signed contracts in Central and South America, Malaysia, and India, and presented at Smart City Expo World Congress and Gartner IT Symposium | Expo. Financially, revenue for Q3 2023 was $0.2 million, down from $2.8 million in Q3 2022. Operating loss decreased to $4.1 million from $6.7 million in Q3 2022. Net loss totaled $7.2 million. Cash balance at September 30, 2023, was approximately $0.3 million.
Rhea-AI Impact
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End-of-Day
-14.04%
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Rhea-AI Summary
Remark Holdings, Inc. (NASDAQ: MARK) announces conference call to discuss Q3 2023 financial results and AI business updates. The call will be held on November 20, 2023, at 4:30 p.m. Eastern time. Management will provide insights into the company's AI businesses in Asia, Europe, and the United States, and the progress made across its AI platform.
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-1.69%
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Remark Holdings, Inc. has announced a sales and marketing initiative with Arrow Electronics and Intel. This collaboration will expand Remark's reach to Arrow's 200,000 customers, providing them with Intel-powered AI servers that run Remark's Smart Safety Platform. Remark's real-time video analytics enhances safety and security by integrating AI models into existing video infrastructure.
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0.64%
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Remark Holdings recognized by Gartner as a representative vendor for Computer Vision Perceptive Systems
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-5.56%
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Remark Holdings, Inc. to join NVIDIA at Smart City Expo World Congress in Barcelona to showcase Smart Safety Platform.
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23.4%
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Remark Holdings, Inc. reported a 24% increase in revenue for Q2 2023 compared to the same period in 2022. The company secured major partnerships for smart city initiatives, including a 30-month subscription agreement in Brazil for facial and license plate recognition. Remark AI also announced strategic partnerships with WaitTime, NVIDIA, and the DSSL Group. The company's goal is to be EBITDA breakeven by the end of Q4 2023.
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-10.59%
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News
Rhea-AI Summary
Remark Holdings, Inc. (NASDAQ: MARK) will hold a conference call on August 14, 2023, at 4:30 p.m. Eastern time to review its Q2 2023 financial results and provide updates on its AI businesses. The call can be accessed via telephone or online webcast.
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End-of-Day
-2.06%
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Remark Holdings, Inc. (Nasdaq: MARK) introduces AI-powered Natural Language Smart Chat Agent to address the backlog of 311 service requests faced by cities and townships. The Smart Chat Agent uses Remark AI's proprietary large language model to communicate with callers and process service requests, supporting up to 40 languages. This technology aims to improve accuracy, user satisfaction, and safety while reducing the cost of resolving 311 service incidents.
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-1.02%
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Rhea-AI Summary
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-4.88%
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Remark Holdings, Inc.
Nasdaq:MARK
MARK Rankings
MARK Stock Data
6.51M
20.28M
3.42%
8.33%
9.03%
Software Publishers
Information
United States of America
Las Vegas
About MARK
remark holdings, inc. is primarily focused on the development and deployment of artificial intelligence-based solutions for businesses and software developers in many industries. in addition, the company owns and operates digital media properties that deliver relevant, dynamic content. the company is headquartered in las vegas, nevada, with additional operations in los angeles, california, beijing, shanghai, chengdu and hangzhou, china.