Mohawk Group Holdings Inc. MWK Archives

FridayApr 30, 2021 10:25 am

QualityStocksNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Unveils Rebrand as Aterian Inc. (NASDAQ: ATER)

Mohawk Group Holdings (NASDAQ: MWK) has launched a rebrand that includes a new corporate name: Aterian Inc. (NASDAQ: ATER). Effective at 12:01 a.m. ET today, the new brand identity reflects the company’s strategic mission, operational expertise and market edge. The company, now named Aterian, is a market-leading, technology-enabled, consumer-products platform that builds, acquires and partners with best-in-class e-commerce brands. Central to Aterian’s focus is its exclusive software and highly agile supply chain, which creates top-selling products for a growing base of data-empowered e-commerce consumers. The announcement noted that the newly renamed company operates in a rapidly expanding market. eMarketer projections…

TuesdayApr 27, 2021 1:32 pm

QualityStocksNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Forecasts 88%-105% Revenue Growth in 2021

Mohawk Group (NASDAQ: MWK) had an impressive FY2020 as it reported its revenue increased by 62.3% or $71.3 million year-over-year to $185.7 million. This performance was influenced by the improved profitability and increase in sales and revenue in the fourth quarter. “This 62.3% revenue increase marked a consistent trend year-on-year for the two most recent reporting periods, given that it reported a growth in revenue of 56.2% in 2019 compared to 2018,” reads a recent article on the matter. The article further notes that this upward trajectory is expected to continue based on Mohawk’s earnings guidance, which projects between 88-105%…

ThursdayApr 22, 2021 9:23 am

QualityStocksNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Sets Date for First Quarter 2021 Earnings Announcement and Investor Conference Call

Mohawk Group Holdings (NASDAQ: MWK), plans to release its first quarter 2021 financial report on Thursday, May 6, after market close. The company also announced that it will host a conference call to share and discuss the report at 5 p.m. on the same day. Investors and other interested parties are invited to participate either through the internet or by calling in. Interested individuals in the United States can call in by dialing 1-888-895-5479; those outside the U.S. can dial 1-847-619-6250; the conference ID is 50154244. The conference will also be available live on the company in the investors section…

ThursdayApr 15, 2021 1:06 pm

QualityStocksNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Achieves Significant Growth, Including 62.3% YOY Revenue Increase

Mohawk Group (NASDAQ: MWK), a technology-enabled consumer products company that uses machine learning, natural language processing and data analytics to design, develop, market and sell products, has announced significant growth on multiple fronts with the release of its Q4 and full-year 2020 results. Some of the notable highlights, documented in an article about the company, include increases in the full-year and fourth-quarter net revenue by 62.3% and 61.9%, respectively. “The full-year net revenue grew to $185.7 million from $114.5 million in the full year 2019. The fourth-quarter net revenue grew to $41.5 million from $25.6 million in the fourth quarter…

FridayApr 09, 2021 9:51 am

QualityStocksNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Closes Debt Refinancing as 1st Step in Optimizing Capital Structure

Mohawk Group Holdings (NASDAQ: MWK) today announced that it has closed the refinancing of all of its previously outstanding debt, including two senior secured notes and its revolver credit facility. The company previously announced its intent to refinance its outstanding debt on March 8, 2021. In accordance with the refinancing, Mohawk issued senior secured promissory notes in an aggregate principal amount of $110.0 million to two affiliated institutional lenders for a cash payment to Mohawk of $57.7 million and the exchange of two senior secured promissory notes with an aggregate principal amount of $52.3 million previously issued to the institutional…

MondayApr 05, 2021 1:25 pm

QualityStocksNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Set to Leverage E-Commerce Opportunities

Mohawk Group (NASDAQ: MWK), a third-party seller to Amazon, is set to capitalize on the e-commerce opportunities brought by Amazon through its significant market share. “As per a report published by Similarweb, Amazon has estimated traffic of 2.5 billion monthly visitors, capturing nearly 1/3 of the online market share,” reads an article discussing this. “As a third-party seller to Amazon, Mohawk is set to leverage e-commerce opportunities through the giant online platform.” MWK also has proprietary technologies, among them the AI Mohawk E-commerce Engine (“AIMEE”), to help it take full advantage of these opportunities. “Mohawk conducts market research through the…

WednesdayMar 31, 2021 12:08 pm

Mohawk Group Holdings Inc. (NASDAQ: MWK) Reports Impressive Full-Year Results on the Back of Strategic Acquisitions

Mohawk Group Holdings Inc. reported a 62.3% increase in its 2020 revenue compared to 2019 It earned a revenue of $185.7 million, and its earnings guidance show that this figure will grow by a further 88% to 105% in 2021 This growth is thanks to the company’s acquisition strategy, which has expanded its list of brands to eleven and it is still targeting more companies The acquisition strategy is, however, problematic in a few ways Mohawk Group Holdings (NASDAQ: MWK) finished the financial year ended December 31, 2020, on a high note reporting $185.7 million in revenue, an increase of…

TuesdayMar 30, 2021 12:35 pm

QualityStocksNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) CEO Featured on DealMaker Show

Mohawk Group (NASDAQ: MWK) co-founder and CEO Yaniv Sarig was featured on a recent episode of The DealMaker show. The Dealmaker Show is a fast-paced, high-energy forum hosted by best-selling author Oren Klaff. During the interview, Sarig talked about the Mohawk Group business model and as well as discussing the company’s proprietary AIMEE(R) (“AIMEE”) platform, which is designed to automate the development and launch of best-selling consumer products. Sarig also shared how the company is working to leverage and strengthen its foothold in the ecommerce space. “What we’ve done with Mohawk is we’ve built a hybrid of a technology company…

MondayMar 29, 2021 10:28 am

Mohawk Group Holdings Inc. (NASDAQ: MWK) Announces Fourth Quarter & Full Year 2020 Results

Mohawk Group Holdings Inc. has announced its Q4 and full-year 2020 results The Q4 Net Revenue Grew 61.9% Year-Over-Year to $41.5 Million from $25.6 million in Q4 2019 The company’s full-year operating loss of $(34.8) million improved from $(54.3) million in 2019 Mohawk Group Holdings (NASDAQ: MWK) is a CPG (Consumer Packed Goods) platform concentrated on developing proprietary technology using data and artificial intelligence to operate and manage consumer product brands. AIMEE(R) (AI Mohawk E-commerce Engine) is the company’s next-generation E-commerce platform that employs the latest technologies to launch new CPG products and identify market opportunities. These CPG products constitute 12 brands…

FridayMar 26, 2021 1:41 pm

QualityStocksNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Achieves Significant Growth Amid Spike in Online Purchasing

Mohawk Group (NASDAQ: MWK), a consumer products platform, has benefitted from the spike in remote access purchasing due to the COVID-19 pandemic, reporting that its sales revenue increased by over 60%. “Mohawk principally leverages its proprietary technology as a third-party seller on Amazon and grew sales revenue from $88.8 million to $144.2 million [62.4%] during the first nine months of 2020, reported in its most recent quarterly filing,” reads an article detailing the growth. “Amazon captured nearly a third of the online market share, with sales growth of 54% during the final quarter of the year. Mohawk’s position as a…

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