Mohawk Group Holdings Inc. (NASDAQ: MWK) Reports Impressive Full-Year Results on the Back of Strategic Acquisitions
Mohawk Group Holdings Inc. reported a 62.3% increase in its 2020 revenue compared to 2019 It earned a revenue of $185.7 million, and its earnings guidance show that this figure will grow by a further 88% to 105% in 2021 This growth is thanks to the company’s acquisition strategy, which has expanded its list of brands to eleven and it is still targeting more companies The acquisition strategy is, however, problematic in a few ways Mohawk Group Holdings (NASDAQ: MWK) finished the financial year ended December 31, 2020, on a high note reporting $185.7 million in revenue, an increase of…