Remark Media Reports Third Quarter 2016 Results

• Net revenue was $44.4 million, compared to $2.4 million.
• Total cost and expense was $57.2 million, compared to $17.8 million.
• Operating loss was $12.9 million, compared to $15.4 million.
• Net loss was $23.1 million, or $1.15 per diluted share, and included the aforementioned $9.2 million loss on extinguishment of debt. This compares to $17.4 million, or $1.25 per diluted share.

Conference Call Information

Remark Media's management team will hold a conference call today at 4:30 p.m. ET / 1:30 p.m. PT to discuss its third quarter 2016 earnings results, review recent activity and answer questions. To access the call in the U.S. please dial 1-888-329-7568 and for international calls dial 1-719-325-2228 approximately 10 minutes prior to the start of the conference. The conference ID is 4087761. The conference call will also be broadcast live over the Internet and available for replay for one year at www.remarkmedia.com. In addition, a replay of the call will be available via telephone for two business days, beginning two hours after the call. To listen to the replay, in the U.S., please dial 1-877-870-5176 and internationally, 1-858-384-5517. Enter access code 4087761.

About Remark Media, Inc.

Remark Media, Inc. (NASDAQ: MARK) owns, operates and acquires innovative digital media properties across multiple verticals that deliver culturally relevant, dynamic content that attracts and engages users on a global scale.  The company leverages its unique digital media assets to target the Millennial demographic, which provides it with access to fast-growing, lucrative markets.  The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Hangzhou and Chengdu, China. For more information, please visit the company's website at www.remarkmedia.com.

Forward-Looking Statements

This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment and regulation. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Media's Annual Report on Form 10-K and Remark Media's other filings with the SEC. Any forward-looking statements reflect Remark Media's current views with respect to future events, are based on assumptions and are subject to risks and uncertainties.  Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Media's estimates and assumptions only as of the date hereof.  Except as required by law, Remark Media undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.

Investor Contact:
Douglas Osrow
Remark Media, Inc.
dosrow@remarkmedia.com
702-701-9514 ext. 3025

Investor Relations Contact:
Becky Herrick/ Kirsten Chapman
LHA Investor Relations
remarkmedia@lhai.com
415-433-3777

[Tables to follow]

REMARK MEDIA, INC. AND SUBSIDIARIES Consolidated Balance Sheets September 30, 2016
	September 30,		December 31,
	2016		2015
Assets
Cash and cash equivalents	$5,307		$5,422
Restricted cash	9,406		9,416
Trade accounts receivable	1,167		746
Prepaid expense and other current assets	3,218		2,637
Notes receivable, current	181		172
Total current assets	19,279		18,393
Restricted cash	2,250		2,250
Notes receivable	190		371
Property and equipment, net	16,305		17,338
Investment in unconsolidated affiliate	1,030		1,030
Intangibles, net	40,170		34,867
Goodwill	26,607		20,337
Other long-term assets	1,323		—
Total assets	$107,154		$94,586
Liabilities and Stockholders' Equity
Accounts payable	$12,602		$14,422
Accrued expense and other current liabilities	16,186		11,827
Deferred merchant booking	9,178		6,997
Deferred revenue	4,725		3,262
Current maturities of long-term debt	100		100
Capital lease obligations	180		205
Total current liabilities	42,971		36,813
Long-term debt, less current portion and net of unamortized discount and debt issuance cost	37,839		23,616
Warrant liability	28,129		19,195
Other liabilities	1,845 Werbung Mehr Nachrichten zur Remark Holdings Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 11:11 - wallstreet:online ... Conviction List: Goldman Sachs: Diese Aktienunternehmen stehen vor einer Umsatzbeschleunigung 08:31 - bullvestor Spezial aus aktuellem Anlass: JanOne – Smallcap über Nacht mit Milliardentransaktionen! 06:31 - Société Générale Verschnaufpause am deutschen Aktienmarkt Spezial aus aktuellem Anlass:    JanOne – Smallcap über Nacht mit Milliardentransaktionen! weiterlesen» Anzeige wo-site-teaser-box-16911_site-teaser-box_2024-05-11_09%253A00%253A00_2024-05-12_09%253A00%253A59