Remark Holdings Inc. (MARK) stock prices were up by 3.64% as of the market closing on August 23rd, 2021. This brought the price per share up to USD$1.14 at the end of the trading day. Subsequent premarket fluctuations have seen the stock dip by 2.63%, bringing it down to USD$1.11.
MARK Stock’s Quarterly Development
The second quarter of fiscal 2021 saw MARK stock continue to develop its data intelligence business using its Artificial Data Intelligence Platform. Building on its initial success, the company is expecting solid performance following the start of the fall sports season, as well as additional growth opportunities. These opportunities would see the company partner up with other online sports gaming and iGaming businesses.MARK stock’s KanKan Artificial Intelligence Platform and Smart Queueing System is continuing to be implemented by China Mobile throughout their retail locations. The company is also developing an Artificial Intelligence of Things project to intelligently manage in-store ambient environmental equipment.
China Mobile’s Smart Community
The company is also preparing to bid on the second phase of China Mobile’s Smart Community business. This would see MARK stock facilitate the provision of AI solutions to for communities to enforce Covid-19 protection rules. This would be via the enforcement of health codes, the conducting of real-time temperature checks, ensuring mask wearing, allowing access only to residents or authorized persons, controlling vehicle access, and helping facilitate the protection of the elderly and children.
MARK Stock’s DMP
MARK stock’s Digital Marketing Platform (DMP) was deployed at the Guangzhou branch with Bank of China. The platform has also been deployed across China Construction Bank’s Yunnan branch over the course of the second quarter of fiscal 2021. This will see the provision of additional large opportunities across multiple banks and other retailers. The company also announced the completion of the design phase for Lotus Supermarket’s DMP in the Changhe shopping center, Xi’an City. The DMP is expected to be deployed later in fiscal 2021.
Smart Campus Solutions
Over the course of Q2 2021, the company deployed Smart Campus solutions across more than 36 campuses. This brought the total numbers of installations up to more than 300. Sales efforts and new partnerships continue to facilitate the expansion of Smart Campus solutions across various provinces.
Future Outlook for MARK Stock
The company reports a strong quarter, with continued developments that investors hope will help maintain the trajectory of success. The company is keen to leverage the resources at its disposal to usher in organic growth over the long term. Investors are hopeful that management will be able to facilitate significant and sustained increases in shareholder value.
