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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
Nice news today!
Press Release: Mohawk Group Reports
First Quarter 2020 Results
Showing some strength going into
the FINS that will be released at 5 PM today. Can we see $7 this week? Maybe.
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:
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.!
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.
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.
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%
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Investors and analysts interested in participating in the call are invited to dial (877) 295-1077 (domestic) or (470) 495-9485 (international) and provide the conference ID: 7123909. The conference call will also be available to interested parties through a live webcast at https://ir.mohawkgp.com/. The archived online replay will be available after the call in the investors section of the Mohawk corporate website
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