SOS Limited Reports 2023 Financial Results
SOS Limited American Depositary Shares (SOS)
Company Research
Source: PR Newswire
Operating loss of $4.8 million compared to $215 million in 2022Revenues declined from $260.0 million to $92.4 million driven by a decline in commodity revenues due to slowdown in China economic activity.Crypto-Mining revenue up over 50XCash and cash equivalents of approximately $280 millionNEW YORK, May 15, 2024 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE: SOS) today reported its full year financial results for the twelve-months ended December 31, 2023.Results of operationsRevenue The company reported a notable decline in revenue from 2022 to 2023, with revenues dropping from $260.0 million to $92.4 million. This downturn was driven by the recession in the Chinese economy, which led to weakened demand in domestic markets.FY 2023FY 2022AmountPercentageAmountPercentageCommodity trading68,45674%255,66898.4%Cryptocurrency mining18,89820%
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SOS
Sec Filings
- 6/24/24 - Form 6-K
- 6/12/24 - Form 6-K
- 5/15/24 - Form 20-F
- SOS's page on the SEC website