Remark Holdings Announces Fiscal First Quarter 2021 Financial Results
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Remark Holdings (MARK) Misses Q1 EPS by 2c, Revenues Miss
May 17, 2021 4:23 PM EDTRemark Holdings (NASDAQ: MARK) reported Q1 EPS of ($0.05), $0.02 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $4.4 million versus the consensus estimate of $5.12 million.
Revenue for the fiscal first quarter of 2021 totaled $4.4 million, up from $0.4 million during fiscal first quarter of 2020.First quarter 2021 revenue in China grew by $3.4 million to $3.7 million due to ramped up execution of larger projects, the continued roll out of bank branch conversions to smart branches, and the recognition of revenue from ongoing projects with school districts.Revenue from the US contributed $0.7... More