2023-05-22 16:37:46 ET
- Remark Holdings press release ( NASDAQ: MARK ): Q1 GAAP EPS of -$0.63.
- Revenue of $0.83M (-82.2% Y/Y).
- Gross profit remained essentially unchanged at approximately $0.4 million, as the cost of revenue primarily decreased 89% commensurate with the decrease revenue.
- Also on March 14, 2023, Remark entered into a new notes payable with its existing lender which will result in the company repaying an aggregate of $16.3 million by October 31, 2023.
- At March 31, 2023, the company's cash balance totaled $0.4 million, compared to a cash balance of $0.1 million at December 31, 2022. Net cash used in operating activities was $2.1 million.
- Shares -1.67% .
For further details see:
Remark Holdings GAAP EPS of -$0.63, revenue of $0.83M