Remark Holdings, Inc. (MARK) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 S COMMERCE ST
LAS VEGAS, NV 89106
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5256,53685427214,41022,632
Cash and cash equivalents5214,18785427214,41022,632
Short-term investments  42,349    
Restricted cash and investments     11,13811,670
Receivables3,11414,2565,0355,67611,6013,963
Inventory, net of allowances, customer advances and progress billings3081,346874 587234
Inventory3081,346874 587234
Prepaid expense1,1441,5581,8776332,7472,036
Deferred costs7,463     
Deposits current assets201221    
Other current assets65951082712421,288
Other undisclosed current assets   5073,4201,960
Total current assets:12,28874,5128,7986,85944,14543,783
Noncurrent Assets
Operating lease, right-of-use asset1801944924,359
Property, plant and equipment1,69935732134110,57013,387
Long-term investments and receivables   1,0301,9352,0051,130
Long-term investments   1,0301,9352,0051,030
Accounts and financing receivable, after allowance for credit loss      100
Intangible assets, net (including goodwill)    50936,44444,045
Goodwill     18,51420,099
Intangible assets, net (excluding goodwill)    50917,93023,946
Other noncurrent assets269440670824  
Other undisclosed noncurrent assets     6441,192
Total noncurrent assets:2,1489912,5137,96849,66359,754
TOTAL ASSETS:14,43675,50311,31114,82793,808103,537
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,82416,05715,24922,45255,54034,536
Accounts payable 9,60210,0948,5898,12630,87617,857
Accrued liabilities7,2225,9636,66014,32624,66416,679
Deferred revenue308576310313
Debt16,49927,8111,50015,02535,31438,085
Deferred revenue and credits14,834
Due to related parties1,174     
Contract with customer, liability4,063
Other undisclosed current liabilities    7,6643,000
Total current liabilities:34,80544,44417,05937,790102,58190,455
Noncurrent Liabilities
Long-term debt and lease obligation  251,6194,650  
Long-term debt, excluding current maturities   1,425   
Liabilities, other than long-term debt56 1,7251154,35192,670
Other liabilities     2,9683,501
Operating lease, liability56251944,650
Derivative instruments and hedges, liabilities   1,7251151,38389,169
Other undisclosed noncurrent liabilities  (25)    
Total noncurrent liabilities:56253,3444,7654,35192,670
Total liabilities:34,86144,46920,40342,555106,932183,125
Equity
Equity, attributable to parent(20,425)31,034(9,092)(27,728)(13,124)(79,588)
Common stock12105100513928
Additional paid in capital368,945364,239351,546319,275308,018220,117
Accumulated other comprehensive income (loss)(859)(270)(226)(227)32115
Accumulated deficit(388,523)(333,040)(360,512)(346,827)(321,213)(299,848)
Total equity:(20,425)31,034(9,092)(27,728)(13,124)(79,588)
TOTAL LIABILITIES AND EQUITY:14,43675,50311,31114,82793,808103,537

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues11,66615,99010,1455,02079,11070,601
Revenue, net70,601
Cost of revenue(11,331)(11,455)(9,766)(3,514)(24,628)(16,909)
Cost of goods and services sold   (6,422)   
Gross profit:3354,5353791,50654,48253,692
Operating expenses(21,637)(19,974)(14,624)(23,278)(123,863)(107,980)
Other undisclosed operating income (loss) 1,530 (982)24,62816,909
Operating loss:(21,302)(13,909)(14,245)(22,754)(44,753)(37,379)
Nonoperating income (expense)(34,190)41,390560(250)22,528(69,078)
Investment income, nonoperating (26,356)43,642    
Other nonoperating income (expense)  (592) 53028223
Interest and debt expense(6,073)425(1,342)(1,876)(6,491)(4,645)
Income (loss) from continuing operations before equity method investments, income taxes:(61,565)27,906(15,027)(24,880)(28,716)(111,102)
Other undisclosed income (loss) from continuing operations before income taxes6,073(425)1,3421,8766,4914,645
Income (loss) from continuing operations before income taxes:(55,492)27,481(13,685)(23,004)(22,225)(106,457)
Income tax expense (benefit) 9(9)  667(278)
Income (loss) from continuing operations:(55,483)27,472(13,685)(23,004)(21,558)(106,735)
Income (loss) before gain (loss) on sale of properties:27,472(13,685)(23,004)(21,558)(106,735)
Net income (loss):(55,483)27,472(13,685)(23,004)(21,558)(106,735)
Other undisclosed net income (loss) attributable to parent   (2,610)  
Net income (loss) available to common stockholders, diluted:(55,483)27,472(13,685)(25,614)(21,558)(106,735)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(55,483)27,472(13,685)(23,004)(21,558)(106,735)
Comprehensive income (loss):(55,483)27,472(13,685)(23,004)(21,558)(106,735)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(589)(44)1(2,869)(83)131
Comprehensive income (loss), net of tax, attributable to parent:(56,072)27,428(13,684)(25,873)(21,641)(106,604)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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