We are investigating ECMOHO Limited (MOHO) (“ECMOHO” or the “Company”) for potential violations of the federal securities laws.
On March 30, 2020, ECMOHO announced preliminary financial results for fiscal year 2019, reporting revenue between $329 million and $330 million and net income between $3.1 million and $3.7 million. On this news, the Company’s stock price fell $4.91 per share, or 46%, to close at $5.68 per share on March 31, 2020.