Earnings call: Remark Holdings reports Q1 2024 financial results
Remark Holdings Inc. $Remark Holdings(MARK.US$ reported a decrease in revenue for Q1 2024, totaling $0.4 million compared to $0.8 million in Q1 2023.
The company secured a contract with the Clark County School District for AI-based weapons and gun detection solutions.
Partnerships with Microsoft $Microsoft(MSFT.US$ and expected announcements with another Fortune 500 company are set to bolster sales efforts.
NVIDIA $NVIDIA(NVDA.US$ and Oracle $Oracle(ORCL.US$ will represent and sell Remark's smart city solutions at the World Smart City Expo.
An operating loss of $3.7 million was reported, an increase from the $3 million loss in the same quarter of the previous year.
Net loss widened to $13.8 million, or $0.40 per diluted share, due to increased finance costs related to obligations to issue common stock.
The company secured a contract with the Clark County School District for AI-based weapons and gun detection solutions.
Partnerships with Microsoft $Microsoft(MSFT.US$ and expected announcements with another Fortune 500 company are set to bolster sales efforts.
NVIDIA $NVIDIA(NVDA.US$ and Oracle $Oracle(ORCL.US$ will represent and sell Remark's smart city solutions at the World Smart City Expo.
An operating loss of $3.7 million was reported, an increase from the $3 million loss in the same quarter of the previous year.
Net loss widened to $13.8 million, or $0.40 per diluted share, due to increased finance costs related to obligations to issue common stock.
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