Company profile

Ticker
MWK
Exchange
CEO
Yaniv Zion Sarig
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
831739858

MWK stock data

(
)

Calendar

11 May 20
4 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 25.63M 25.63M 40.6M 30.37M
Net income -15.03M -18.55M -14.98M -16.88M
Diluted EPS -0.99 -1.25 -0.99 -1.38
Net profit margin -58.65% -72.35% -36.88% -55.58%
Operating income -13.9M -17.5M -14.07M -15.6M
Net change in cash -16.3M -5.33M -3.84M 26.55M
Cash on hand 14.05M 30.35M 35.69M 39.53M
Cost of revenue 15.33M 16.55M 23.08M 18.61M
Annual (USD) Dec 19 Dec 18 Dec 17
Revenue 114.45M 73.28M 36.46M
Net income -58.79M -31.82M -23.07M
Diluted EPS -4.35 -3.13 -2.88
Net profit margin -51.37% -43.43% -63.27%
Operating income -54.3M -29.43M 22.6M
Net change in cash 10.32M 14.73M
Cash on hand 30.35M 20.03M 5.3M
Cost of revenue 69.41M 47.3M 22.78M

Financial data from Mohawk earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
12 Jun 20 von Walter Amy Common Stock Buy Aquire P No 5.16 2,000 10.32K 30,325
11 Jun 20 Petersen Greg Common Stock Buy Aquire P No 5 2,000 10K 45,325
10 Jun 20 Petersen Greg Common Stock Buy Aquire P No 5.65 5,000 28.25K 43,325
9 Jun 20 Petersen Greg Common Stock Buy Aquire P No 5.47 5,000 27.35K 38,325
8 Jun 20 Petersen Greg Common Stock Buy Aquire P No 5.35 5,000 26.75K 33,325
8 Jun 20 Harlam Bari A Common Stock Buy Aquire P No 5.47 5,000 27.35K 33,325
11.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 16 15 +6.7%
Opened positions 4 15 -73.3%
Closed positions 3 0 NEW
Increased positions 2 0 NEW
Reduced positions 7 0 NEW
13F shares
Current Prev Q Change
Total value 3.41M 12.3M -72.3%
Total shares 2.07M 2.09M -0.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Rovida Advisors 536.11K $874K -0.1%
Hudson Bay Capital Management 505.34K $824K +84.2%
Intrinsic Edge Capital Management 332.72K $562K -4.9%
AWM Investment 239.56K $390K -46.6%
Vanguard 165.33K $279K 0.0%
JPM JPMorgan Chase & Co. 153.39K $250K NEW
Lido Advisors 103.62K $175K +98.7%
Cambridge Investment Research Advisors 15.52K $26K NEW
BLK BlackRock 11.98K $20K -3.6%
Tower Research Capital 2.06K $3K -14.7%
Largest transactions
Shares Bought/sold Change
Hudson Bay Capital Management 505.34K +230.98K +84.2%
MS Morgan Stanley 0 -219.33K EXIT
AWM Investment 239.56K -209.15K -46.6%
JPM JPMorgan Chase & Co. 153.39K +153.39K NEW
Lido Advisors 103.62K +51.47K +98.7%
NorthRock Partners 0 -22.92K EXIT
Intrinsic Edge Capital Management 332.72K -17.29K -4.9%
Cambridge Investment Research Advisors 15.52K +15.52K NEW
UBS UBS 835 -988 -54.2%
BLK BlackRock 11.98K -441 -3.6%

Financial report summary

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Competition
Newell Brands
Risks
  • We have a short operating history in an evolving industry.
  • We may require additional capital to support business growth, and this capital might not be available or may be available only by diluting existing stockholders.
  • We may not accurately forecast revenues, profitability and appropriately plan our expenses.
  • If we are unable to manage our inventory effectively, our operating results and financial condition could be adversely affected.
  • We have previously identified material weaknesses in our internal control over financial reporting. Such material weaknesses may cause us to fail to timely and accurately report our financial results or result in a material misstatement of our financial statements.
  • Our business, including our costs and supply chain, is subject to risks associated with sourcing, manufacturing, importing and warehousing.
  • Risks associated with the suppliers from whom our products are sourced could materially adversely affect our financial performance as well as our reputation and brand.
  • Shipping is a critical part of our business and any changes in our shipping arrangements or any interruptions in shipping could adversely affect our operating results.
  • We are dependent on third-party manufacturers, which are located in China, and any inability to obtain products from any such manufacturers could have a material adverse effect on our business, operating results and financial condition.
  • We rely on AIMEE and other information technologies and systems to operate our business and to maintain our competitiveness, and any failure to invest in and adapt to technological developments and industry trends could harm our business.
  • We rely on data provided by third parties, the loss of which could limit the functionality of our platforms, cause us to invest in the wrong product or disrupt our business.
  • If we fail to keep up with rapid technological changes, or to further develop AIMEE, our future success may be adversely affected.
  • Our efforts to acquire or retain consumers, and our efforts to sell new products or increase sales of our existing products, may not be successful, which could prevent us from maintaining or increasing our sales or improving our financial results or condition.
  • Significant merchandise returns could harm our business.
  • Our efforts to expand our business into new brands, products, services, technologies, and geographic regions will subject us to additional business, legal, financial and competitive risks and may not be successful.
  • Expansion of our operations internationally will require management attention and resources, involves additional risks and may be unsuccessful.
  • Use of social media and emails may adversely impact our reputation or subject us to fines or other penalties.
  • We depend on highly skilled personnel, including senior management and our technology professionals, and if we are unable to retain or motivate key personnel or hire, retain and motivate qualified personnel, our business could be harmed.
  • Our operating results are subject to seasonal and quarterly variations in our net revenue and operating income and, as a result, our quarterly results may fluctuate and could be below expectations.
  • The terms of our revolving credit facility and term loan contain restrictive covenants that may limit our operating flexibility.
  • General economic factors may adversely affect our business, financial performance and results of operations.
  • Natural disasters or other unexpected events may adversely affect our operations, particularly our supply chain and shipping efforts.
  • We may acquire other companies or technologies, which could divert our management’s attention, result in additional dilution to our stockholders and otherwise disrupt our operations and adversely affect our operating results.
  • If our emails are not delivered and accepted or are routed by email providers less favorably than other emails, or our sites or mobile applications are not accessible or are treated disadvantageously by Internet service providers, our business may be substantially harmed.
  • We are subject to risks related to online payment methods.
  • Our use of open source software may pose particular risks to our proprietary software and systems.
  • We could incur substantial costs in protecting or defending our intellectual property rights, and any failure to protect our intellectual property could adversely affect our business, results of operations and financial condition.
  • We rely, in part, on confidentiality agreements with our employees, consultants, advisors, customers and others in our efforts to protect our proprietary technology, processes and methods.
  • The laws of some countries do not protect intellectual property and other proprietary rights to the same extent as the laws of the United States.
  • The inability to acquire, use or maintain our marks and domain names for our sites could substantially harm our business and operating results.
  • Any significant disruption in service on our websites or apps or in our computer systems, a number of which are currently hosted or provided by third-party providers, could materially affect our ability to operate, damage our reputation and result in a loss of consumers, which would harm our business and results of operations.
  • Our failure or the failure of third parties to protect our sites, networks and systems against security breaches, or otherwise to protect our confidential information, could damage our reputation and brand and substantially harm our business and operating results.
  • If our products experience any recalls, product liability claims, or government, customer or consumer concerns about product safety, our reputation and operating results could be harmed.
  • Any failure by us or our vendors to comply with product safety, consumer protection or other laws, or our standard vendor terms and conditions, or to provide safe factory conditions for our or their workers may damage our reputation and brand and harm our business.
  • Misclassification or reclassification of our independent contractors or employees could increase our costs and adversely impact our business.
  • We handle credit card and other personal information, and, as such, are subject to governmental regulation and other legal obligations related to the protection of personal data, privacy and information security in certain countries where we do business and there has been and will continue to be a significant increase globally in such laws that restrict or control the use of personal data.
  • In Europe, where we expect to expand our business operations in the future as part of our growth, the data privacy and information security regime recently underwent a significant change and continues to evolve and is subject to increasing regulatory scrutiny.
  • We are subject to new, stringent privacy regulations in China that are broader than those of our other operations.
  • We are subject to customs and international trade laws that could require us to modify our current business practices and incur increased costs or could result in a delay in getting products through customs and port operations, which may limit our growth and cause us to suffer reputational damage.
  • If significant tariffs or other restrictions are placed on imports from China or any retaliatory trade measures are taken by China, our business and results of operations could be materially and adversely affected.
  • Our ability to use our net operating losses to offset future taxable income may be subject to certain limitations.
  • We are subject to anti-corruption, anti-bribery, anti-money laundering and similar laws, and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.
  • We are an emerging growth company and a smaller reporting company, and any decision on our part to comply only with certain reduced reporting and disclosure requirements applicable to emerging growth companies or smaller reporting companies could make our common stock less attractive to investors.
  • Our share price may be volatile. Market volatility may affect the value of an investment in our common stock and could subject us to litigation.
  • An active trading market for our common stock may not be sustained, and you may not be able to resell your common stock at a desired market price.
  • If securities or industry analysts either do not publish research about us, discontinue research coverage, or publish inaccurate or unfavorable research about us, our business or our market, or if they change their recommendations regarding our common stock adversely, the trading price or trading volume of our common stock could decline.
  • The estimates of market opportunity, market size and forecasts of market growth included in our publicly-filed documents may prove to be inaccurate, and even if the market in which we compete achieves the forecasted growth, our business could fail to grow at similar rates, if at all.
  • Future sales and issuances of our capital stock, or the perception that such sales may occur, could cause our stock price to decline.
  • We do not intend to pay dividends for the foreseeable future.
  • The concentration of our stock ownership will likely limit your ability to influence corporate matters, including the ability to influence the outcome of director elections and other matters requiring stockholder approval.
  • We will incur significantly increased costs and devote substantial management time as a result of operating as a public company.
  • Anti-takeover provisions in our charter documents and under the General Corporation Law of the State of Delaware (the “DGCL”) could make an acquisition of us more difficult and may prevent attempts by our stockholders to replace or remove our management.
  • Our management team has limited experience managing a public company.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • Unless the context otherwise requires, the terms “Mohawk,” the “Company,” “we,” “us” and “our” in this Quarterly Report on Form 10-Q refer to Mohawk Group Holdings, Inc. and our consolidated subsidiaries, including Mohawk Group, Inc.
  • Mohawk is a rapidly growing technology-enabled consumer products company. Mohawk was founded on the premise that if a consumer products goods (“CPG”) company was founded today, it would apply artificial intelligence (“A.I.”) and machine learning, the synthesis of massive quantities of data and the use of social proof to identify and validate high caliber product offerings and market opportunities, as opposed to over-reliance on brand value and other traditional marketing tactics.
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