SOS (NYSE:SOS) Announces Earnings Results

SOS (NYSE:SOS) posted its earnings results on Wednesday. The company reported ($1.04) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $24.41 million for the quarter.

SOS Price Performance

NYSE:SOS opened at $0.31 on Thursday. The business’s 50-day moving average is $0.72 and its two-hundred day moving average is $0.94. SOS has a 12 month low of $0.29 and a 12 month high of $2.25.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of SOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

SOS Company Profile

SOS Limited (NYSE: SOS) is a technology company that provides blockchain and cryptocurrency-related services. Its activities have included digital asset mining, cryptocurrency operations, and the development of technology and computing infrastructure supporting blockchain applications.

The company has also described its business as including cloud-based marketing and data services, as well as solutions related to emergency rescue, insurance, healthcare, and consumer finance. Its business focus has evolved over time, with cryptocurrency mining and blockchain-related activities becoming a significant part of its operations.

SOS Limited is incorporated in the Cayman Islands and has historically conducted business primarily in China, while also pursuing digital asset and mining opportunities in other markets, including North America.