COMPANY NOW EXPECTS ADJUSTED EBITDA PROFITABILITY FOR SECOND QUARTER OF 2020, AHEAD OF PRIOR SCHEDULE
- COMPANY NOW EXPECTS ADJUSTED EBITDA PROFITABILITY FOR SECOND QUARTER OF 2020, AHEAD OF PRIOR SCHEDULE
NEW YORK, June 04, 2020 (GLOBE NEWSWIRE) -- Mohawk Group Holdings, Inc. (NASDAQ: MWK), the technology-enabled consumer products company, today announced preliminary net revenue for the month of May 2020 increased approximately 105% compared to the same period in 2019.
- Based on the Company's strong performance in May, Mohawk Group now expects to achieve positive Adjusted EBITDA in the second quarter of 2020, ahead of its previous schedule.
- In addition, the Company now expects to achieve positive Adjusted EBITDA for the three months ending June 30, 2020.
- Investor Contacts: Ilya Grozovsky, Mohawk Group firstname.lastname@example.org 917-905-1699 Brendon Frey, ICR email@example.com 203-682-8200 Media Contact: Jessica Liddell, ICR 203-682-8200 MohawkPR@icrinc.com