Mohawk Group Ranked 226th Fastest Growing Company in North America on Deloitte’s 2020 Technology Fast 500
November 24 2020 - 10:22AM
Mohawk Group Holdings, Inc. (NASDAQ: MWK) (“Mohawk”) the
tech-enabled, ecommerce consumer products company, today announced
it ranked 226th on Deloitte’s 2020 Technology Fast 500™, a ranking
of the 500 fastest growing — public and private — technology,
media, telecommunications, life sciences and energy tech companies
in North America.
The ranking is now in its 26th year and award
winners for 2020 are selected based on percentage fiscal year
revenue growth during the period from 2016 to 2020. During this
period, Mohawk’s revenue grew 531%.
Mohawk’s Chief Executive Officer, Yaniv Sarig,
commented, “This is the second year in a row that the Mohawk team
has been honored with a ranking in Deloitte’s Technology Fast 500.
In these challenging times, our 531% revenue growth has been a
testament to the strength of our AIMEE platform and the agility of
our supply chain.”
About Deloitte’s 2020Technology Fast
500™Now in its 26th year, Deloitte’s Technology Fast 500
provides a ranking of the fastest growing technology, media,
telecommunications, life sciences and energy tech companies — both
public and private — in North America. Technology Fast 500 award
winners are selected based on percentage fiscal year revenue growth
from 2016 to 2020. In order to be eligible for Technology Fast 500
recognition, companies must own proprietary intellectual property
or technology that is sold to customers in products that contribute
to a majority of the company's operating revenues. Companies must
have base-year operating revenues of at least $50,000, and
current-year operating revenues of at least $5 million.
Additionally, companies must be in business for a minimum of four
years and be headquartered within North America.
About DeloitteDeloitte refers
to one or more of Deloitte Touche Tohmatsu Limited, a UK private
company limited by guarantee (“DTTL”), its network of member firms,
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under the rules and regulations of public accounting. Please see
www.deloitte.com/about to learn more about our global network of
member firms.
About Mohawk Group Holdings,
Inc.Mohawk Group Holdings, Inc., together with its
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 predominantly operates through online
retail channels such as Amazon, and Walmart. Mohawk has seven owned
and operated brands: hOme, Vremi, Xtava, Truweo, Holonix, Aussie
Health 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.
Investor Contact:
Ilya Grozovsky, Mohawk Group
ilya@mohawkgp.com
917-905-1699
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