Remark Media (MARK) Misses Q4 EPS by 12c

Remark Media (NASDAQ: MARK) reported Q4 EPS of ($0.40), $0.12 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $15 million versus the consensus estimate of $17.9 million.

Financial Results for the Three Months Ended December 31st: 2016 Compared to 2015The company\'s fourth quarter 2016 results reflect the acquisition of FansTang, which occurred in September 2016, whereas the prior year financials do not.

• Net revenue was $15.0 million, compared to $11.8 million.
• Total cost and expense was $23.5 million, compared to $19.0 million.
• Operating loss was $8.6 million, compared to $7.2 million.
• Net loss was $8.6 million, or $0.40 per diluted share, compared to $14.1 million, or $0.72 per diluted share.
• At December 31, 2016, the cash and cash equivalents balance was $6.9 million, and total restricted cash was $11.7 million, bringing the total combined cash position to $18.5 million.

For earnings history and earnings-related data on Remark Media (MARK) click here.

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