Mohawk Group Holdings Inc (MWK)

Rebranding and changing symbols... Weird

Likewise. I’m up 170% on this one. What a great stock!

Damn I wish I would have bought more last month when I glanced at it... MWK killing it!!!!! but my Early purchases are still looking fantastic!!! Go back and check.... my average cost/share is 2.21 still and only sold half my original position when it initially came close to 10 :)

Those returns were compounded hugely on T $NP and Multiple Others including BigBoards!

first week of the year already looking great. already made my monthly goal in 3 trading sessions.

just tooting my own horn on the quietest runner ever

I am liking the news and filings here- this seems to be such a silent beast. I am long here and adding based on 2021 outlook and continued acquisitions

Good company here. Tough to sit

on the sidelines watching it slowly drip down. After another tick or two down, I will begin to add.

I decided to add today to my 2.08s.
No complaints here.
MWK

I agree. Good fundamentally sound company.

Surprised to see the move up today on light volume. I may have to add more.

Looking good here boston127 !

Mohawk Group (NASDAQ: MWK) Flexes Growth Muscles During COVID-19 Pandemic
https://spotlightgrowth.com/index.php/2020/05/26/mohawk-group-nasdaq-mwk-flexes-growth-muscles-during-covid-19-pandemic/

NEWS - 05-18-2020


NEW YORK, May 18, 2020 (GLOBE NEWSWIRE) -- Mohawk Group Holdings, Inc. (NASDAQ: MWK) (“Mohawk”) the tech-enabled, consumer-focused product company, today announced it is providing its managed Software-as-a-Service (SaaS) to Emerisque, a London U.K., based specialist private equity firm focused on global consumer and retail sectors.

The value creation thesis and core theme of Emerisque investments is to acquire medium-sized companies and move them towards growth markets, channels, and categories (including multi-channel digital commerce, franchising, and licensing among others). Under the terms of the agreement, Emerisque will utilize AIMEE’s machine learning, natural language processing, and data analytics to evaluate strategic acquisitions in the marketplace, including opportunities for growth post-closing. “Our software platform’s insights into critical online sales channels will provide Emerisque with an understanding of the omnichannel competitive landscape. AIMEE can surface various untapped consumer paths to purchase that can unlock growth at the product level as well as leverage trends within the entire category. We often see existing brands missing on these insights, leaving money on the table. We believe a deeper understanding of the existing untapped upside of an M&A target is going to allow Emerisque to further drive value from each deal they lead”, said Mohawk Group’s Head of Business Development and SaaS, Sam Appelbaum.

"We are very pleased to announce this new relationship with Emerisque,” said Mohawk Group Chief Executive Officer, Yaniv Sarig. “The team at Emerisque has been very successful creating value by acquiring and expanding companies that have significant untapped global growth potential. The combination of their experience and expertise combined with AIMEE’s ability to quickly and efficiently analyze large amounts of data, will enhance Emerisque’s ability to assess the potential opportunities of its acquisition targets.”

Ajay Khaitan, Founder of Emerisque, said that “Emerisque is excited to leverage the power of Mohawk’s AIMEE platform to make improved decisions with our retail portfolio companies and on potential acquisitions.”

Nice news today!

Adjusted EBITDA to go from negative

to positive in 2020.

First quarter Adjusted EBITDA of $(6.4) million versus $(5.6) million in the first quarter of 2019.

The Company expects to generate positive Adjusted EBITDA for the three months ended September 30, 2020 and also for the three months ended December 31, 2020.

Press Release: Mohawk Group Reports

First Quarter 2020 Results

Net Revenue Grew 43.6% to $25.6 Million; April Net Revenue Grew 75% From Continued Ecommerce Acceleration
4:10 pm ET May 11, 2020 (Dow Jones) Print
Mohawk Group Reports First Quarter 2020 Results - Net Revenue Grew 43.6% to $25.6 Million; April Net Revenue Grew 75% From Continued Ecommerce Acceleration

Raises Net Revenue Guidance for Full Year 2020

Expects Positive Adjusted EBITDA in the Third & Fourth Quarters of 2020

NEW YORK, May 11, 2020 (GLOBE NEWSWIRE) -- Mohawk Group Holdings, Inc. (NASDAQ: MWK) ("Mohawk") today announced results for the first quarter ended March 31, 2020.

First Quarter Highlights

-- 16 new products launched in the first quarter of 2020.

-- First quarter net revenue grew 43.6% year over year to $25.6 million

compared to $17.8 million in the first quarter of 2019.

-- First quarter gross margin improved to 40.2% versus 37.4% in the first

quarter of 2019.

-- First quarter operating loss of $(13.9) million increased from $(7.1)

million in the first quarter of 2019.

-- First quarter contribution margin improved to (2.9%) from (4.5%) in the

first quarter of 2019, reflecting both higher sustain revenues and margin

expansion.

-- Excluding non-cash stock-based compensation of $7.4 million, fixed

operating expenses for the first quarter remained essentially flat.

-- First quarter net loss of $(15.0) million increased from $(8.4) million

in the first quarter of 2019.

-- First quarter Adjusted EBITDA of $(6.4) million versus $(5.6) million in

the first quarter of 2019.

-- New COO, Pramod K C, appointed to lead Operations based out of Shenzhen

office

Yaniv Sarig, Co-Founder and Chief Executive Officer, commented, "As we navigate the current environment, our thoughts are with the healthcare professionals, first responders and other essential workers around the world on the frontlines of the global COVID-19 pandemic. I am so proud of the resiliency of our team members and business partners who have gone above and beyond to ensure our business and operations are running smoothly to meet the heightened needs of online consumers during these unprecedented times."

Mr. Sarig continued, "Our strong first quarter results are reflective of our ability to continue leveraging our tech enabled business model driven by data, automation and artificial intelligence to expand our market share. Importantly, as consumers are spending more time at home, we are experiencing an increase in demand for our products across categories. Balancing liquidity and growth remains a top priority, and we are managing all expenses, working capital and capital expenditures efficiently. These efforts, combined with our AIMEE software, and new product pipeline, have us well positioned to capitalize as purchasing behavior further shifts towards ecommerce."

Outlook

For full year 2020, the Company increases its net revenue expectation to be in the range of $165.0 million to $175.0 million driven primarily by continued growth of its existing product portfolio and the positive contribution from new products launched in 2020. The Company expects to generate positive Adjusted EBITDA for the three months ended September 30, 2020 and also for the three months ended December 31, 2020.

Appointment of New COO

The Company announced today the appointment of Pramod K C as Chief Operating Officer, effective June 1, 2020. Mr. K C will oversee operations of the Company's Asia supply chain and will be based in the Company's Shenzhen offices. In conjunction with this announcement, the Company also announced that Peter Datos will step down from his position as Chief Operating Officer and depart the Company.

Yaniv Sarig, Co-Founder and Chief Executive Officer of Mohawk Group, stated, "We are very pleased to welcome Pramod to Mohawk Group. He is a seasoned leader with significant integrated supply chain management and quality control experience in Asia, working with several well-known companies during his career. We believe his strong track record in operational management will be a great addition to our executive team. This strategic decision to shift the COO role to China highlights our increased focus on optimizing our supply chain and our commitment to accelerating the number of products we can launch while maintaining high quality and competitive pricing."

Mr. Sarig continued, "I want to thank Pete for his many contributions, especially in helping us grow our product portfolio. Pete is an accomplished leader and we wish him the best in his future endeavors."

Prior to joining the Company, Mr. K C was head of Asia Operations for G-Lab GmbH, a Swiss consumer electronics company, since April 2014. Mr. K C previously held various General Manager positions at PassageMaker Solutions, a supply chain management company in Asia, from July 2007 to March 2014 and was involved in development, procurement, production management, quality control and export logistics within the supply chain for a variety of clients, including Hewlett-Packard, DELL, Harley Davidson and Home Depot. Mr. K C started his career as a product development engineer, performing embedded software programming for consumer electronics products. He then began handling and managing integrated supply chains and operations for companies operating in the Asia-Pacific region. He holds a Bachelor in Engineering with a focus in Applied Electronics Technology from Shanghai University.

Non-GAAP Financial Measures

For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the "Non-GAAP Financial Measures and Reconciliations" section below.

Webcast and Conference Call Information

Mohawk will host a live conference call to discuss financial results today, May 11, 2020, at 5:00 p.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial (877) 295-1077 (domestic) or (470) 495-9485 (international) at 5:00 p.m. ET and provide the Conference ID: 7123909. The conference call will also be available to interested parties through a live webcast https://ir.mohawkgp.com/investor-relations. Please visit the website at least 15 minutes prior to the start of the call to register and download any necessary software.

About Mohawk Group Holdings, Inc.

Mohawk Group Holdings, Inc. and subsidiaries ("Mohawk") is a rapidly growing technology-enabled consumer products company that uses machine learning, natural language processing, and data analytics to design, develop, market and sell products. Mohawk predominantly operates through online retail channels such as Amazon and Walmart. Mohawk has six owned and operated brands: hOmeLabs, Vremi, Xtava, RIF6, Holonix Health, and Aussie Health Co. Mohawk sells products in multiple categories, including home and kitchen appliances, kitchenware, environmental appliances (i.e., dehumidifiers and air conditioners), beauty related products and, to a lesser extent, consumer electronics. Mohawk was founded on the premise that if a company selling consumer packaged goods was founded today, it would apply artificial intelligence and machine learning, the synthesis of massive quantities of data and the use of social proof to validate high caliber product offerings as opposed to over-reliance on brand value and other traditional marketing tactics.

Forward Looking Statements

All statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, the statements about our expected 2020 net revenue and Adjusted EBITDA, the statements pertaining to our expected April 2020 net revenue which is subject to review by our external auditors in connection with the filing of our Form 10-Q for the period ended June 30, 2020, our ability to manage expenses, working capital and capital expenditures efficiently, our business model and our technology platform, including our ability to disrupt the consumer products industry, our ability to grow market share in existing and new product categories; and our ability to generate profitability and shareholder value. These forward-looking statements are based on management's current expectations and beliefs and are subject to uncertainties and factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to the impact of COVID-19 including on consumer demand, our cash flows, financial condition and revenue growth rate; our supply chain, sourcing, manufacturing, warehousing and fulfillment; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety concerns, reliance on third party online marketplaces, seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies and other factors discussed in the "Risk Factors" section of our most recent periodic reports filed with the Securities and Exchange Commission ("SEC"), all of which you may obtain for free on the SEC's website at www.sec.gov. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Investor Contacts:

Ilya Grozovsky, Mohawk Group

ilya@mohawkgp.com

917-905-1699

Brendon Frey, ICR

brendon.frey@icrinc.com

203-682-8200

Media Contact:

Jessica Liddell, ICR

203-682-8200

MohawkPR@icrinc.com

MOHAWK GROUP HOLDINGS, INC.

(MORE TO FOLLOW) Dow Jones Newswires

May 11, 2020 16:10 ET (20:10 GMT)

Picked up more at 3:30 PM.

Getting exciting.

Showing some strength going into

the FINS that will be released at 5 PM today. Can we see $7 this week? Maybe.

Most Excellent

Mini Amazon in the making here.!!

Mews out..New hand sanitizer launch...

Profit-taking. That is normal.

Took the opportunity just now to double my holdings. It is tough to buy when everyone else is selling, but how else can we make money with investing.

Thanks. That is how it seems.

I need to understand the amount of negative EPS. Other than that, AI and ML are the future. Don't ask me, ask Bill Gates and Jeff Bozos. That is what they have been saying for awhile.

Looks like you might have a great long term winner here.

Nice finish today.

On a bad day for the market. Showing strength. Will continue adding on dips.

Boston! There will be plenty of time for celebrations l can pretty much guarantee you that..the DD on this company is nothing short of impressive.

To be announced. "The Company expects to report finalized first quarter 2020 results and hold a conference call in early May 2020."

When is the CC?

Could not find any info on that. Only 17M OS and NAZ, 2 very good features. Wonder how they accumulated such a big loss of $3.34/share. Also, like this:


"It was a busy and productive finish to the year as we launched a record 18 new products during the fourth quarter, bringing our full year total to a record 32," said Mohawk's chief executive officer, Yaniv Sarig. "Importantly, we've continued to diversify our product categories, as 14 of our 18 fourth quarter product introductions, and 24 of our 32 new products in 2019, were non-environmental products. The investments we've made in people and resources over the past 12 months, primarily in areas such as quality control and product procurement, have significantly strengthened our foundation for growth. Looking ahead, we are confident that we can further accelerate our annual output and plan to double the amount of new product launches in 2020 while continuing on the pathway to profitability.

Thanks. I missed the dip this AM.

Wanted to be online but had to be someplace else. I did add at $4.30 today, not nearly low enough to celebrate. Anyone who bought under $4 today received an absolute gift. Going to keep powder dry and buy on dips.

Looking forward to the conference call. :)

Preliminary 1st Q below. I Think the actual filing is next week. The annual (10K) is delayed until may (Covid).



Mohawk Group Reports Strong Preliminary First Quarter Net Revenue Between $25.0 Million & $26.0 Million, An Approximate 43% Growth Vs Prior Year.

https://ir.mohawkgp.com/node/6951/html#mwk-ex991_7.htm

April 9, 2020

NEW YORK, April 09, 2020 (GLOBE NEWSWIRE) -- Mohawk Group Holdings, Inc. (NASDAQ: MWK), the tech-enabled e-commerce consumer products company, today announced preliminary net revenue results for the first quarter ended March 31, 2020 driven by stronger demand from Amazon customers, as the Company continues to manage a highly challenging and uncertain business environment arising from the pandemic.

The Company expects first quarter 2020 net revenue in the range of $25.0 to $26.0 million, an increase of approximately 40.4% to 46.0% compared with the first quarter of 2019. The Company expects to report finalized first quarter 2020 results and hold a conference call in early May 2020.

“As the COVID-19 pandemic affects everyone around the globe, our thoughts are with the healthcare professionals, first responders and the retail workers who are in the frontlines,” said Yaniv Sarig, Co-Founder and Chief Executive Officer of Mohawk Group. “I am grateful for all of our team members and our business partners who have executed at a high level for us during these unprecedented times. In particular, our logistics network has implemented the appropriate protective measures and is currently operating with limited disruptions so that we can quickly get customers the products they need.”

BUSINESS UPDATE

Mohawk Group has seen a significant increase in demand across most product categories that are now harder to purchase offline due to retail closures and also thanks to the Company having its own fulfillment infrastructure. In particular, the Company has seen even stronger acceleration on certain products such as freezers, mini fridges, air purifiers, portable washing machines, home office furniture, hair trimmers and others. As an example, search volume for freezers has increased by nearly 140% in March 2020 compared to March 2019, with over 15 million unique searches across Amazon. Mini-fridge search volume has also increased by more than 25%, to nearly 33 million, while humidifiers and beverage coolers have also seen increased demand. The Company expects to continue to leverage its proprietary AIMEE software ideation platform to monitor product search trends to identify what consumers may need in the months to come.

About Mohawk Group Holdings, Inc.

Mohawk Group Holdings, Inc. and subsidiaries (“Mohawk”) is a rapidly growing technology-enabled e-commerce consumer products company that uses machine learning, natural language processing, and data analytics to design, develop, market and sell products. Mohawk predominantly operates through online retail channels such as Amazon, and Walmart. Mohawk has incubated and grouped four owned and operated brands: hOmeLabs, Vremi, Xtava and RIF6. Mohawk sells products in multiple categories, including home and kitchen appliances, kitchenware, environmental appliances (i.e., dehumidifiers and air conditioners), beauty-related products and, to a lesser extent, consumer electronics. Mohawk was founded on the premise that if a company selling consumer packaged goods was founded today, it would apply artificial intelligence and machine learning, the synthesis of massive quantities of data and the use of social proof to validate high caliber product offerings as opposed to over-reliance on brand value and other traditional marketing tactics.

Forward Looking Statements

All statements other than statements of historical fact included in this press release that address activities, events, or developments that we expect, believe, or anticipate will or may occur in the future are forward-looking statements, including the statements pertaining to our expected first quarter 2020 net revenue which is subject to review by our external auditors in connection with the filing of our Form 10-Q for the period ended March 31, 2020, and AIMEE’s ability to identify search trends for new products and the Company’s ability to bring those product opportunities to market successfully.

Forward-looking statements are based on management’s current expectations and beliefs and are subject to uncertainties and other factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

A list and description of risks, uncertainties and other factors that could cause or contribute to differences in our results include risks related to the completion of the customary quarterly financial statement review procedures, general economic and market factors, and specific risks related to global economic and marketplace uncertainties related to the COVID-19 pandemic, among others discussed in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and subsequent filings. We qualify all of our forward-looking statements by these cautionary statements.

Media Contact Jessica Liddell ICR

203-682-8200

MohawkPR@icrinc.com

Investor Contacts:

Ilya Grozovsky, Mohawk Group

Up on a bad day.

Very good sign. Do you know if they are planning on releasing FINS soon?

I imagine so. Really love the steady increase here. The company now has offices in 6 countries. U.S., China, Israel, Ukraine, Philippines and Poland.

Thanks for the post.

Jumped in with 2K share BUY. Will continue to add on dips. Got to wonder if the their online business is going through the roof now.

Yep the Co. is only 6 years old. Did an IPO about a year back for 10$/share. Does a lot of business through Amazon. Year after year revenue growth and the company doesn't advertise or put out hype. Only 17 mil OS. I feel this Co. will have continued growth in a forward looking tech sector. Love it.

Paused... hard to keep up against MMs this thing moves on air

Nearly $7 back in Nov... I think it wants that and maybe more. MWK

Mowhawk on the warpath lol!! Go MWK!

Sweeeet..thanks for posting.!

BOOOM!!!!

Directors Talk Interviews - Analyst's Take
https://www.directorstalkinterviews.com/mohawk-group-holdings-consenus-indicates-potential-343-3-upside/412816544

Mohawk Group Holdings – Consenus Indicates Potential 343.3% Upside

Posted by: Amilia Stone 29th April 2020

Mohawk Group Holdings with ticker code (MWK) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 12 and 6 and has a mean target at 9. Now with the previous closing price of 2.03 this is indicating there is a potential upside of 343.3%. The 50 day moving average now sits at 2.25 and the 200 day moving average is 4.52. The company has a market capitalisation of $39m. Find out more information at: http://www.mohawkgp.com

Mohawk Group Holdings, together with its subsidiaries, operates as a technology-enabled consumer products company in the United States and internationally. The company provides home and kitchen appliances; kitchenware; environmental appliances, such as dehumidifiers and air conditioners; beauty related products; and consumer electronics under the hOmeLabs, Vremi, Xtava, and RIF6 brands. It primarily serves individual online consumers through Amazon and other e-commerce platforms, as well as through its owned and operated websites and other marketplaces. The company was founded in 2014 and is headquartered in New York, New York.

£ucking impressive...

They have been listed above many well known companies as "fastest growing"... it says something!!!! I feel like they aren't well known and trading reflects that- flying under the radar here

Earnings next week,should be exciting.!!

Been trading this a bit but I think its about time to start holding- doubled my initial position trading 2.20 to 2.60 a few times. Fast growing company... should be good here.

This acts freaking bipolar. MWK ???

Above average volume on an uptick is always nice to see..

I jumped in for 10 thousand shares at $2.31c for a long term investment..GLTA

Nice move today in $MWK, up over 7%