Remark Media (NASDAQ: MARK) reported Q3 EPS of ($0.58), $0.33 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $19.4 million versus the consensus estimate of $18.6 million.

Limited Financial Guidance

As noted by Mr. Tao, the company provided some limited guidance regarding certain revenue and EBITDA expectations.

For 2018, company management expects to generate consolidated net revenue in excess of $100 million. Kankan's Artificial Intelligence Platform will be the primary driver of the growth as its revenue rapidly increases. For the year ended December 31, 2018, company management expects KanKan to generate more than $30 million in net revenue, representing approximately a quintupling of the amount of expected revenue during 2017.

Remark Holdings management also indicated it expects its travel & entertainment segment to generate gross revenue of more than $325 million and net revenue between approximately $65 million to $75 million, with an EBITDA margin approximating 10% to 13% of net revenue, during 2018.

Three Months Ended September 30th: 2017 Compared to 2016

• Net revenue was $19.4 million, compared to $15.1 million.
• Total cost and expense was $25.4 million, compared to $19.3 million.
• Operating loss was $5.9 million, compared to $4.2 million.
• Net loss was $13.3 million, or $0.58 per diluted share, compared to $15.3 million, or $0.75 per diluted share.
• At September 30, 2017, the cash and cash equivalents balance was $16.0 million, and total restricted cash was $11.7 million, bringing the total combined cash position to $27.6 million, compared to a total combined cash position of $18.5 million at December 31, 2016.

For earnings history and earnings-related data on Remark Media (MARK) click here.