Remark Holdings (MARK) Tops Q2 EPS by 1c

Remark Holdings (NASDAQ: MARK) reported Q2 EPS of ($0.02), $0.01 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $4 million versus the consensus estimate of $5.78 million.

"Our second quarter was highlighted by a near doubling of revenue coming from the United States, driven by our AI data intelligence platform," noted Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings. "Momentum from our Chinese operations continued despite periodic regional lockdowns associated with COVID-19 and a slowdown in business activities due to the 100th Anniversary of the CCP, growing quarterly revenue in 2021 by more than 40% compared with the same period of last year. In the first six months of 2021, we have almost achieved our full-year 2020 revenue, and we expect additional significant growth in the second half of the year."

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

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