Argus Research Initiates Equity Research Report Coverage on Molecular Data Inc. (NasdaqCM: MKD)
Molecular Data Inc. - ADS (MKD)
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on Molecular Data Inc. (NasdaqCM: MKD) Click here to view Full Argus Report Highlights, as conveyed by Argus Analyst Steve Silver, include: COMPANY HIGHLIGHTS MKD: Connecting China’s Chemical Industry Value Chain In our view, Molecular Data has assembled a comprehensive network that can capture value across multiple previous pain points in China’s fragmented chemicals industry.After several years of organically building platform capabilities to include financial services, warehousing, logistics and software as a service (SaaS) offerings, Molecular Data should now be able to diversify its revenue stream beyond its core chemical direct e-commerce sales. This should lead to enhances profit margins and, ultimately, sustainable profitability.In December 2019, Molecular Data completed an initial public offering that yielded gross proceeds o
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