ECMOHO Ltd. (MOHO) is a Chinese integrated solutions provider in the healthcare sector. The company sells the leading international-level products to its health-conscious clientele. Its expertise in promotion and supply allows the company to link people with innovative health supplements, personal care products, and household healthcare equipment.
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MOHO stock price during the regular trading session of March 28, 2022, was $0.25 with a decline of 1.92%. Its price made a remarkable comeback as of the writing in the premarket session on March 29, 2022, by 15.5%.
MOHO: Events and Happenings
On March 25-26, 2022, MOHO reported multiple filings with the Securities and Exchange Commission. On March 17, 2022, MOHO announced the approval of its request regarding the transfer of the listing of its ADS from the Nasdaq Global Market to the Nasdaq Capital Market on March 16. The transfer is expected to take effect at the opening of business on March 17, 2022. The transfer had not impacted the trading of its ADSs and will continue to trade uninterruptedly.
On February 15, 2022, MOHO updated on increasing the digital marketing efforts to attain optimistic marketing results and profits continuously. On December 06, 2021, MOHO reported the resignation of Greg Ye as a member of the Board’s audit committee and nominating and corporate governance committee with effect from December 1, 2021.
MOHO: Key Financials
MOHO released its third-quarter 2021 consolidated financials on November 30, 2021, for the three months ended on September 30, 2021. Some of the focal aspects are discussed below.
The company posted total and net revenues of $28.3 million in the third quarter of 2021 as compared to $71.5 million during the same quarter in 2020. Net revenue declined by $43.2 million YoY.
Net loss per share basic and diluted in the third quarter of fiscal 2021 was $3.8 million or $0.02 corresponding to $4.1 million or $0.03 during the same quarter of 2020. The earnings per share of the company increased significantly YoY.
MOHO stock is not in good condition for the past year as it dropped by 88% due to the impact of the pandemic. The company reported multiple SEC filings on March 25-26, 2022, which likely resulted in the increase in its stock price.