secwatch.observer — SEC 8-K summary
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Issuer:     REMARK HOLDINGS, INC. (—)
CIK:        0001368365
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001368365-24-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Remark Holdings FY2023 revenue falls 62% to $4.4M; net loss narrows to $29.1M
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- Revenue $4.4M, down from $11.7M; China revenue fell to $4.1M due to sluggish recovery and US-China tensions.
- Operating loss improved to $17.2M from $21.3M; net loss $29.1M ($1.74/share) vs $55.5M ($5.22) prior year.
- Cash at year-end only $0.1M; net cash used in operating activities was $10.5M.
- Won $6M Rio de Janeiro police contract; joined NVIDIA Metropolis; started Saudi Arabia construction proof of concept.
- Reduced China staffing; expects growth from Microsoft partnership and US school district expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368365/000136836524000058/0001368365-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368365/000136836524000058/mark-20240415.htm
  HTML page:      https://secwatch.observer/filing/0001368365-24-000058

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