Mohawk Group Holdings, Inc. (NASDAQ: MWK) was featured in a recent equity research report published by ROTH Capital Partners LLC. The report reads, “We believe Mohawk is significantly disrupting several consumer product categories using its proprietary software platform: AIMEE. Mohawk uses data from e-commerce platforms to develop products in categories where it can dominate search results, while optimizing price, marketing, and fulfillment to generate product-level contribution margins of ~10%. We believe Mohawk has demonstrated the viability of this model and see a path to profitability ahead. We resume coverage of Mohawk at Buy with a $6 PT.”
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About Mohawk Group Holdings, Inc.
Mohawk Group Holdings, Inc. and subsidiaries (“Mohawk”) is a rapidly growing technology-enabled consumer products company that uses machine learning, natural language processing, and data analytics to design, develop, market and sell products. Mohawk predominately operates through online retail channels such as Amazon and Walmart. Mohawk has incubated and grouped four owned and operated brands: hOme Labs, Vremi, Xtava and RIF6. Mohawk sells products in multiple categories, including home and kitchen appliances, kitchenware, environmental appliances (i.e., dehumidifiers and air conditioners), beauty related products and, to a lesser extent, consumer electronics. Mohawk was founded on the premise that if a company selling consumer packaged goods was founded today, it would apply artificial intelligence and machine learning, the synthesis of massive quantities of data and the use of social proof to validate high caliber product offerings as opposed to over-reliance on brand value and other traditional marketing tactics.
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