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MARK - Remark Holdings, Inc.

NASDAQ -> Communication Services -> Internet Content & Information
Las Vegas, United States
Type: Equity

MARK price evolution
MARK
(in millions $) 30 Sep 2023 30 Jun 2023 31 Mar 2023 31 Dec 2022
Current assets
Cash $0.27 $0.21 $0.36 $0.05
Short term investments
Net receivables $3.04 $3.44 $2.72 $3.09
Inventory $0.46 $0.35 $0.31 $0.31
Total current assets $10.47 $10.47 $12.15 $12.29
Long term investments
Property, plant & equipment $1.78 $2.21 $1.79 $1.88
Goodwill & intangible assets
Total noncurrent assets $1.93 $2.39 $2.02 $2.15
Total investments
Total assets $12.4 $12.86 $14.17 $14.44
Current liabilities
Accounts payable $8.58 $9.13 $9.75 $9.6
Deferred revenue
Short long term debt $17.5 $17.56 $17.57 $17.67
Total current liabilities $44.98 $40.89 $39.92 $34.8
Long term debt $0.34 $0.4 $0.03 $0.06
Total noncurrent liabilities $0.34 $0.4 $0.03 $0.06
Total debt $17.84 $17.96 $17.59 $17.73
Total liabilities $45.32 $41.29 $39.95 $34.86
Shareholders' equity
Retained earnings -$409.73 -$402.56 -$396.69 -$388.52
Other shareholder equity -$1.23 -$1.4 -$1.18 -$0.86
Total shareholder equity -$32.92 -$28.43 -$25.78 -$20.43
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Current assets
Cash $0.05 $14.19 $0.85 $0.27
Short term investments $42.35
Net receivables $3.09 $10.27 $5.03 $1.96
Inventory $0.31 $1.35 $0.87
Total current assets $12.29 $74.51 $8.8 $6.86
Long term investments $1.03 $1.94
Property, plant & equipment $1.88 $0.55 $0.81 $4.7
Goodwill & intangible assets $0.51
Total noncurrent assets $2.15 $0.99 $2.51 $7.97
Total investments $42.35 $1.03 $1.94
Total assets $14.44 $75.5 $11.31 $14.83
Current liabilities
Accounts payable $9.6 $10.09 $8.59 $8.13
Deferred revenue $0.31
Short long term debt $17.67 $27.81 $1.5 $15.03
Total current liabilities $34.8 $44.44 $17.06 $37.79
Long term debt $0.06 $0.03 $1.62 $4.65
Total noncurrent liabilities $0.06 $0.03 $3.34 $4.76
Total debt $17.73 $27.84 $3.12 $19.68
Total liabilities $34.86 $44.47 $20.4 $42.55
Shareholders' equity
Retained earnings -$388.52 -$333.04 -$360.51 -$346.83
Other shareholder equity -$0.86 -$0.27 -$0.23 -$0.23
Total shareholder equity -$20.43 $31.03 -$9.09 -$27.73
(in millions $) 30 Sep 2023 30 Jun 2023 31 Mar 2023 31 Dec 2022
Revenue
Total revenue $0.18 $3.17 $0.83 $1.63
Cost of revenue $0.25 $2.51 $0.46 $2.75
Gross Profit -$0.07 $0.66 $0.37 -$1.13
Operating activities
Research & development $0.77 $0.57 $0.17 $1.1
Selling, general & administrative $3.18 $3.63 $3.2 $4.17
Total operating expenses $4.06 $4.62 $3.41 $5.31
Operating income -$4.13 -$3.96 -$3.04 -$6.43
Income from continuing operations
EBIT -$6.22 -$5.02 -$6.62 -$7.85
Income tax expense
Interest expense $0.95 $0.86 $1.54 $0.75
Net income
Net income -$7.17 -$5.87 -$8.16 -$8.6
Income (for common shares) -$7.17 -$5.87 -$8.16 -$8.6
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Revenue
Total revenue $11.67 $15.99 $10.14 $5.02
Cost of revenue $11.33 $11.46 $6.42 $3.51
Gross Profit $0.34 $4.54 $3.72 $1.51
Operating activities
Research & development $2.1 $4.69 $4.14 $3.57
Selling, general & administrative $19.37 $13.56 $12.75 $17.18
Total operating expenses $21.64 $18.44 $17.97 $24.26
Operating income -$21.3 -$13.91 -$14.24 -$22.75
Income from continuing operations
EBIT -$49.42 $29.79 -$12.34 -$23.74
Income tax expense -$0.01 $0.01
Interest expense $6.07 $2.31 $1.34 $1.88
Net income
Net income -$55.48 $27.47 -$13.69 -$25.61
Income (for common shares) -$55.48 $27.47 -$13.69 -$25.61
(in millions $) 30 Sep 2023 30 Jun 2023 31 Mar 2023 31 Dec 2022
Net income -$7.17 -$5.87 -$8.16 -$8.6
Operating activities
Depreciation $0.11 $0.03 $0.05 $0.04
Business acquisitions & disposals
Stock-based compensation -$0 -$0 $0.16 $0.51
Total cash flows from operations -$3.86 -$3.15 -$2.08 -$2.98
Investing activities
Capital expenditures -$0.03 -$0 -$0 -$0.34
Investments
Total cash flows from investing -$0.03 -$0 -$0 -$0.34
Financing activities
Dividends paid
Sale and purchase of stock $1 $1.5
Net borrowings -$0.06 -$0.01 -$0.1 $2.99
Total cash flows from financing $3.94 $2.99 $2.4 $2.99
Effect of exchange rate
Change in cash and equivalents $0.06 -$0.16 $0.31 -$0.32
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net income -$55.48 $27.47 -$13.69 -$25.61
Operating activities
Depreciation $0.17 $0.19 $0.31 $0.98
Business acquisitions & disposals $30
Stock-based compensation $1.7 $4.06 $0.8 $0.32
Total cash flows from operations -$16.62 -$20.17 -$18.05 -$19.79
Investing activities
Capital expenditures -$1.51 -$0.22 -$0.29 -$0.14
Investments $6.33 $2.32
Total cash flows from investing $4.82 $2.1 -$0.29 $11.47
Financing activities
Dividends paid
Sale and purchase of stock $5.69 $32.13 $10.84
Net borrowings -$2.34 $25.72 -$12.36 -$27.8
Total cash flows from financing -$2.34 $31.41 $18.92 -$16.96
Effect of exchange rate
Change in cash and equivalents -$14.13 $13.33 $0.58 -$25.28
Fundamentals
Market cap $4.14M
Enterprise value $21.70M
Shares outstanding 19.70M
Revenue $5.80M
EBITDA -$25.49M
EBIT -$25.71M
Net Income -$29.81M
Revenue Q/Q -93.49%
Revenue Y/Y -64.54%
P/E ratio -0.14
EV/Sales 3.74
EV/EBITDA -0.85
EV/EBIT -0.84
P/S ratio 0.71
P/B ratio -0.13
Book/Share -1.61
Cash/Share 0.01
EPS -$1.51
ROA -221.36%
ROE 110.87%
Debt/Equity -1.71
Net debt/EBITDA -1.77
Current ratio 0.23
Quick ratio 0.22