NetworkNewsBreaks – Mohawk Group Holdings Inc. (
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Posted On: 04/27/2021 3:36:38 PM
NetworkNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Forecasts 88%-105% Revenue Growth in 2021
Mohawk Group (NASDAQ: MWK) had an impressive FY2020 as it reported its revenue increased by 62.3% or $71.3 million year-over-year to $185.7 million. This performance was influenced by the improved profitability and increase in sales and revenue in the fourth quarter. “This 62.3% revenue increase marked a consistent trend year-on-year for the two most recent reporting periods, given that it reported a growth in revenue of 56.2% in 2019 compared to 2018,” reads a recent article on the matter. The article further notes that this upward trajectory is expected to continue based on Mohawk’s earnings guidance, which projects between 88-105% revenue growth for FY 2021, backed by potential mergers and acquisitions. It quotes CEO Yaniv Sarig as saying, “We are currently evaluating a strong pipeline of potential M&A targets that in total have trailing twelve month’s net revenue of $522 million and trailing twelve month’s EBITDA of $97 million.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Mohawk Group (NASDAQ: MWK) had an impressive FY2020 as it reported its revenue increased by 62.3% or $71.3 million year-over-year to $185.7 million. This performance was influenced by the improved profitability and increase in sales and revenue in the fourth quarter. “This 62.3% revenue increase marked a consistent trend year-on-year for the two most recent reporting periods, given that it reported a growth in revenue of 56.2% in 2019 compared to 2018,” reads a recent article on the matter. The article further notes that this upward trajectory is expected to continue based on Mohawk’s earnings guidance, which projects between 88-105% revenue growth for FY 2021, backed by potential mergers and acquisitions. It quotes CEO Yaniv Sarig as saying, “We are currently evaluating a strong pipeline of potential M&A targets that in total have trailing twelve month’s net revenue of $522 million and trailing twelve month’s EBITDA of $97 million.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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