Remark Media (MARK) Tops Q2 EPS by 9c, Slight Miss on Revenues

Remark Media (NASDAQ: MARK) reported Q2 EPS of ($0.19), $0.09 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $17.3 million versus the consensus estimate of $17.9 million.

Three Months Ended June 30th: 2017 Compared to 2016

• Net revenue was $17.3 million, compared to $15.0 million.
• Total cost and expense was $21.9 million, compared to $18.5 million.
• Operating loss was $4.7 million, compared to $3.5 million.
• Net loss was $4.3 million, or $0.19 per diluted share, compared to $5.4 million, or $0.27 per diluted share.
• At June 30, 2017, the cash and cash equivalents balance was $7.2 million, and total restricted cash was $11.7 million, bringing the total combined cash position to $18.9 million, compared to a total combined cash position of $18.5 million at December 31, 2016.

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

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