PR Newswire
NEW YORK, Sept. 28, 2022
Cryptocurrency mining and hosting services being rolled out in the U.S.
Revenue declines due to global economy slow down
Cash balance increased from $185.5 million to $247.4 million
NEW YORK, Sept. 28, 2022 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE: SOS) today repot 2022 Interim financial results from operation
Interim financial results from operation
Six months ended June 30, 2022 compared to June 30, 2021
Revenue
Net revenue was $132.7 million, down 28.1% period-on-period. The decrease in revenues was negatively impacted by the continuing lock-down during the period; within China, the central government's control measures severely restricted business activities causing a material slowdown in revenues and growth especially in our data mining. Our commodity business was also negatively affected by the global slowdown.
Unaudited Condensed Consolidated Statements of Comprehensive Loss | | |||||||
(US$ thousands, except share data and per share data, or otherwise notes) | | |||||||
| | |||||||
| | Six months ended | | |||||
| | 30-Jun-21 | | | 30-Jun-22 | | ||
| | $"000" | | | $"000" | | ||
Revenue | | | 184,489 | | | | 132,710 | |
Business taxes and surcharges | | | (11) | | | | (45) | |
Net revenue | | | 184,478 | | | | 132,665 | |
Operating costs | | | (167,238) | | | | (120,294) | |
Gross profit | | | 17,240 | | | | 12,371 | |
Gross profit ratio | | | 9.3 | % | | | 9.3 | % |
As of June 30, 2022, SOS focuses on four product and service lines, including data marketing, cryptocurrency mining, hosting service and commodity trading. Data marketing represents 36.1% of the total revenue, 0.2% from cryptocurrency mining, 0.1% from hosting service and 63.6% from commodity trading respectively.
Revenue and service by products
Revenue by products and service | | Six months ended | | | Six months ended | | ||||||||||
Product and service | | $ "000" | | | Percentage | | | $ "000" | | | Percentage | | ||||
Commodity trading | | | 84,348 | | | | 63.6 | % | | | 155,170 | | | | 84.1 | % |
Cryptocurrency mining | | | 305 | | | | 0.2 | % | | | 15,126 | | | | 8.2 | % |
Hosting serice | | | 102 | | | | 0.1 | % | | | - | | | | - | |
Data marketing | | | 47,910 | | | | 36.1 | % | | | 14,193 | | | | 7.7 | % |
Total | | | 132,665 | | | | 100 | % | | | 184,489 | | | | 100 | % |
| | | | | | | | | | | | | | | | |
Data Marketing Includes the following four sub-category | | | | | | | | | | | | | | | | |
Insurance marketing | | | 47,830 | | | | 36.0 | % | | | 13,338 | | | | 7.2 | % |
Telecom call center | | | 76 | | | | 0.1 | % | | | 324 | | | | 0.2 | % |
Bank call center | | | 4 | | | | 0.0 | % Werbung Mehr Nachrichten zur SOS Ltd. ADR Aktie kostenlos abonnieren
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