Remark Holdings Announces Second Quarter 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
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Source: PRnewswire
Financial Performance: Remark Holdings reported a total revenue of $3.7 million for Q2 2024, marking an 856% increase from Q1 2024 and a 16.8% rise year-over-year compared to Q2 2023, while also reducing its operating loss by 18.8% to $3.2 million.
Business Developments: The company secured a $5 million weapons detection contract with the Clark County School District and showcased its AI solutions at the NYC Smart City Expo, indicating growth opportunities in educational and governmental sectors across the U.S.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
