ECMOHO Limited (MOHO) experienced a boost of 7.15% in the aftermarket. However, the last trading session concluded at $0.569 with an incline of 3.44%.
MOHO’s Partnership with Bausch + Lomb – What’s coming next?
MOHO announced on 21st October 2021 that it has established a strategic partnership deal with Bausch + Lomb. It will help to promote and sell the products and services on the Chinese e-commerce platform Pinduoduo. Moreover, MOHO will supply high-quality eye care goods and family health solutions to consumers. This is done in order to meet the growing demand for eye health.
Bausch + Lomb has been a major vision care firm for over 160 years and is a global innovation leader in this industry, setting quality standards. They have become synonymous with contact lenses in China. This happened when the brand first introduced contact lenses to the country. Furthermore, Bausch & Lomb offers a diverse product portfolio that includes transparent contact lenses, colored contact lenses, and contact lens care solutions. All of them are designed to help consumers achieve a clearer vision and a higher quality of life.
Second Quarter 2021 Financial Results – Something Interesting?
MOHO announced second-quarter 2021 results on 31st August 2021. According to the report, total net revenues were $42.8 million, $100.5 million less than the year before. The Company’s quality-driven growth strategy resulted in product sales revenue of $42.1 million in the second quarter. In addition, the services revenue was US$698,279, compared to US$780,774 this year.
The total gross margin of MOHO was 19.6%, 17.2% more than the previous quarter. Because there were fewer low-margin brands this quarter, the gross margin of product sales was 19.1%, up from 17.0% the previous quarter. Lastly, Services gross margin fell 49.6%, down from 50.2% the previous quarter.
Now, what’s next?
Since the second half of 2020, China’s economic recovery has been shaky and uneven, weighing on domestic consumption and slowing retail sales growth. Moreover, increased operational problems and uncertainty for integrated service providers in China’s health and wellness business have resulted from more varied customer demand. Lastly, MOHO has resolved to manage costs and enhance efficiency through digitization and marketing innovation.
About MOHO: Anything new?
MOHO is a Chinese health and wellness integrated solutions provider. It curates and distributes worldwide brands and high-quality items to health-conscious Chinese customers. Not only this, MOHO links families to advanced health supplements, nutrition, and food items, personal care goods, home healthcare devices, and other wellness products by leveraging its technology, network, and skills in marketing and distribution. MOHO has built an ecosystem of trusted goods and connections over the past 10 years to give tailored solutions that encourage health regeneration, therapeutic advantages, and increased lifespan to committed consumers to maintain health.
