Quick Take
Mohawk Group (MWK) has filed to raise $50 million in an IPO, per an amended registration statement.
The company sells consumer products using advanced analytics capabilities to inform its product development and marketing strategies.
MWK has grown quickly but that growth appears to be decelerating and coming at the cost of high and increased cash burn, with no path to profitability in sight, so the IPO seems lackluster.
Company & Technology
New York-based Mohawk was founded in 2014 to utilize AI and machine learning technology for the identification, incubation and