Remark Media (MARK) Reports In-Line Q3 EPS

Remark Media (NASDAQ: MARK) reported Q3 EPS of ($0.11), in-line with the analyst estimate of ($0.11).

Management Commentary"Our third quarter represented our largest win to date with China Mobile selecting our AI technology to transform all their 17,800 corporate stores into 'smart' retail outlets," said Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings. "This win validates our technology as it proved we can beat larger and entrenched competitors. The China Mobile project also adds to our momentum implementing our leading AI technology not only throughout China, but in other parts of Asia and the United States," Mr. Tao added. "Additionally, we are close to finalizing the monetization of our investment in Sharecare, which will immediately eliminate our debt and provide us with the growth working capital necessary to propel our AI business forward."

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

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