Refael Reuvain Grozovsky

Mohawk Group Announces Preliminary May 2020 Net Revenue Increased Approximately 105%

Retrieved on: 
Thursday, June 4, 2020

COMPANY NOW EXPECTS ADJUSTED EBITDA PROFITABILITY FOR SECOND QUARTER OF 2020, AHEAD OF PRIOR SCHEDULE

Key Points: 
  • 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 [email protected] 917-905-1699 Brendon Frey, ICR [email protected] 203-682-8200 Media Contact: Jessica Liddell, ICR 203-682-8200 [email protected]

Mohawk Group Announces Preliminary Fourth Quarter and Full Year 2019 Net Revenue Results; Launches Record 18 New Products in Fourth Quarter 2019

Retrieved on: 
Monday, January 13, 2020

The net revenue information is based on preliminary data, which has not been subjected to our normal year end closing and review procedures.

Key Points: 
  • The net revenue information is based on preliminary data, which has not been subjected to our normal year end closing and review procedures.
  • "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 Mohawks chief executive officer, Yaniv Sarig.
  • Importantly, weve 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.
  • Media Contact Jessica Liddell ICR 203-682-8200 [email protected] Investor Contacts: Ilya Grozovsky, Mohawk Group [email protected] 917-905-1699 Brendon Frey, ICR [email protected] 203-682-8200