MOHAWK GROUP REPORTS STRONG PRELIMINARY FIRST QUARTER NET REVENUE BETWEEN $25.0 MILLION & $26.0 MILLION, AN APPROXIMATE 43% GROWTH VS PRIOR YEAR
Mohawk Group Holdings, Inc. (MWK)
Last mohawk group holdings, inc. earnings: 11/5 04:05 pm
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Source: GlobeNewswire
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
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