Remark Holdings MARK Stock News

Remark Holdings Inc (NASDAQ: MARK) is running for the top early in the trading session this morning, trading on gains of more than 5%. The movement in the value of the stock likely has to do with the fact that the company recently announced that it is planning on releasing its financial results today at the close of the market. Here’s what’s happening:

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Investors Are Excited About MARK Stock Ahead Of Financial Results

As mentioned above, Remark Holdings recently said that it would be releasing its financial results for the first quarter today after the close of the market. The company will also be holding a conference call at 4:30 PM ET. If you would like to take part in the call, use the information below:

  • Date: Monday, July 6, 2020
  • Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
  • Toll-Free Number: 866.548.4713
  • International Number: 323.794.2093
  • Conference ID: 1160760
  • Online Webcast: http://public.viavid.com/index.php?id=140492

So, why are investors excited about the financial results?

Remark Holdings is an AI company that didn’t get much attention prior to the COVID-19 pandemic. Nonetheless, investors see the company’s products as a key tool in the fight against the pandemic, making it overwhelmingly valuable.

For those of you who haven’t been following the story, MARK is an artificial intelligence company. The company’s recent claim to fame has to do with AI-based thermal imaging.

Ultimately, to keep the COVID-19 pandemic under control, doctor’s offices, schools, and even retail stores and restaurants are checking temperatures. Those with fevers are not allowed to enter the building.

There’s only one problem with this. Those holding the thermometer have no option, but to get close to consumers before checking their temperatures, putting them at risk. That’s where MARK comes in.

The company offers an AI-driven thermal imaging product. Ultimately, this gives companies, government agencies, schools, and more the ability to pre-screen anyone that walks through their doors without human intervention.

If a consumer with a fever is detected, action can then be taken to remove that consumer from the facility.

Think of the implications of that. We’re talking about a very important prescreening tool, especially as the COVID-19 pandemic is coming back with the reopening of the United States economy.

In the first quarter, the company should have begun to receive orders for its touch free thermal imaging solution. So, investors are expecting to see an increase in revenue. Moreover, there has been a lot of talk about the fact that the company began shipping these orders, and investors are likly looking forward to an update there.

Should revenue be increasing as expected, investors will be happy. However, one of the biggest numbers on this report is going to be guidance. With expectations that the thermal imaging product will be adopted well by its audience, guidance for the future will tell us a lot about what the MARK has seen following the close of Q1.

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