$MARK
REMARK HOLDINGS, INC.

2024 Q3 Form 10-Q Financial Statement

#000136836524000077 Filed on August 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.699M
YoY Change 16.8%
Cost Of Revenue $2.925M
YoY Change 16.49%
Gross Profit $774.0K
YoY Change 17.99%
Gross Profit Margin 20.92%
Selling, General & Admin $3.563M
YoY Change -1.87%
% of Gross Profit 460.34%
Research & Development $366.0K
YoY Change -35.45%
% of Gross Profit 47.29%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.929M
YoY Change -6.41%
Operating Profit -$3.213M
YoY Change -18.84%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$2.046M
YoY Change 6.84%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$5.259M
YoY Change -10.47%
Net Earnings / Revenue -142.17%
Basic Earnings Per Share -$0.12
Diluted Earnings Per Share -$0.12
COMMON SHARES
Basic Shares Outstanding 50.95M shares 42.56M shares
Diluted Shares Outstanding 45.68M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $438.0K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $646.0K
Prepaid Expenses $369.0K
Receivables $4.361M
Other Receivables
Total Short-Term Assets $5.937M
YoY Change -43.27%
LONG-TERM ASSETS
Property, Plant & Equipment $634.0K
YoY Change -55.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $71.00K
YoY Change -62.03%
Total Long-Term Assets $7.367M
YoY Change 207.98%
TOTAL ASSETS
Total Short-Term Assets $5.937M
Total Long-Term Assets $7.367M
Total Assets $13.30M
YoY Change 3.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $13.20M
YoY Change 61.23%
Deferred Revenue $418.0K
YoY Change -0.48%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.47M
YoY Change 45.45%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $59.47M
Total Long-Term Liabilities
Total Liabilities $59.65M
YoY Change 44.48%
SHAREHOLDERS EQUITY
Retained Earnings -$436.7M
YoY Change 8.49%
Common Stock $50.00K
YoY Change 194.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$46.30M
YoY Change
Total Liabilities & Shareholders Equity $13.30M
YoY Change 3.47%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$5.259M
YoY Change -10.47%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2023Q4 us-gaap Assets
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us-gaap Net Income Loss
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dei Entity File Number
EntityFileNumber
001-33720
dei Entity Registrant Name
EntityRegistrantName
Remark Holdings, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
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dei Document Quarterly Report
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dei Document Transition Report
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dei Entity Central Index Key
EntityCentralIndexKey
0001368365
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Interactive Data Current
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dei Entity Filer Category
EntityFilerCategory
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dei Entity Small Business
EntitySmallBusiness
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dei Entity Emerging Growth Company
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StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
6421000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-545000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-28429000 usd
us-gaap Net Income Loss
NetIncomeLoss
-19050000 usd
us-gaap Net Income Loss
NetIncomeLoss
-14036000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
71000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
153000 usd
mark Cost Of Extending Note Payable
CostOfExtendingNotePayable
0 usd
mark Cost Of Extending Note Payable
CostOfExtendingNotePayable
750000 usd
mark Finance Cost Related To Obligations To Issue Common Stock
FinanceCostRelatedToObligationsToIssueCommonStock
10072000 usd
mark Finance Cost Related To Obligations To Issue Common Stock
FinanceCostRelatedToObligationsToIssueCommonStock
4626000 usd
mark Accrued Interest Included In Note Payable
AccruedInterestIncludedInNotePayable
0 usd
mark Accrued Interest Included In Note Payable
AccruedInterestIncludedInNotePayable
1139000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
392000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
255000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
138000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-18000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-36000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3386000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
957000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-99000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
42000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-354000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-1865000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
16000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-13000 usd
mark Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-145000 usd
mark Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
607000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5512000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
745000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-138000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
145000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-107000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
342000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6114000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5227000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6000 usd
us-gaap Payments For Software
PaymentsForSoftware
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2750000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
3000000 usd
mark Proceeds From Obligations To Issue Common Stock Debentures
ProceedsFromObligationsToIssueCommonStockDebentures
0 usd
mark Proceeds From Obligations To Issue Common Stock Debentures
ProceedsFromObligationsToIssueCommonStockDebentures
2500000 usd
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
50000 usd
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
720000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
697000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1279000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
792000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
17000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
16000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6974000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5389000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
293000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
156000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
438000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
208000 usd
us-gaap Interest Paid Net
InterestPaidNet
150000 usd
us-gaap Interest Paid Net
InterestPaidNet
988000 usd
mark Issuance Of Common Stock Convertible Securities And Debt
IssuanceOfCommonStockConvertibleSecuritiesAndDebt
12307000 usd
mark Issuance Of Common Stock Convertible Securities And Debt
IssuanceOfCommonStockConvertibleSecuritiesAndDebt
6421000 usd
mark Noncash Or Part Noncash Reclassifications Of Investment To Marketable Securities
NoncashOrPartNoncashReclassificationsOfInvestmentToMarketableSecurities
21000 usd
mark Noncash Or Part Noncash Reclassifications Of Investment To Marketable Securities
NoncashOrPartNoncashReclassificationsOfInvestmentToMarketableSecurities
0 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-46300000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-6100000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
400000 usd
CY2024Q2 mark Accrued Liabilities Delinquent Payroll Taxes Current
AccruedLiabilitiesDelinquentPayrollTaxesCurrent
1400000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We prepare our consolidated financial statements in conformity with GAAP. While preparing our financial statements, we make estimates and assumptions that affect amounts reported and disclosed in the consolidated financial statements and accompanying notes. Accordingly, actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to accounts receivable, deferred cost of revenue, share-based compensation, deferred income taxes, and inventory reserve, among other items.</span></div>
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
438000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
145000 usd
mark Contract With Customer Term Of Contract
ContractWithCustomerTermOfContract
P1Y
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2200000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2200000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4361000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1287000 usd
CY2024Q2 us-gaap Deferred Costs Current
DeferredCostsCurrent
0.0 usd
CY2023Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
6600000 usd
CY2024Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2000 usd
CY2023Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
147000 usd
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
369000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
339000 usd
CY2024Q2 us-gaap Deposits Assets Current
DepositsAssetsCurrent
121000 usd
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
128000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
492000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6242000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5698000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5608000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5509000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
634000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
189000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2434000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3221000 usd
CY2024Q2 mark Accrued Liabilities Delinquent Payroll Taxes Current
AccruedLiabilitiesDelinquentPayrollTaxesCurrent
1356000 usd
CY2023Q4 mark Accrued Liabilities Delinquent Payroll Taxes Current
AccruedLiabilitiesDelinquentPayrollTaxesCurrent
495000 usd
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
3306000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1570000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2770000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3187000 usd
CY2024Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
2202000 usd
CY2023Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
2138000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
249000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
288000 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
886000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
632000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13203000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11531000 usd
CY2024Q2 us-gaap Other Notes Payable
OtherNotesPayable
189000 usd
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
156000 usd
CY2024Q2 us-gaap Notes Payable
NotesPayable
16496000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
16463000 usd
CY2024Q2 mark Cash Received In Advance Of Financing Current
CashReceivedInAdvanceOfFinancingCurrent
2800000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
153000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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