SOS Ltd (NYSE:SOS) Stock Rockets On Robust Earnings, Margin Improves

SOS stock is showing a solid rally on Wednesday after SOS Ltd – ADR  (NYSE:SOS) posted robust financial results for the full year ended December 31, 2020.

SOS Ltd (NYSE:SOS) Stock Rockets On Robust Earnings, Margin Improves

SOS stock is trading higher by 8.74% at $4.42 after hitting a session high of $4.73.

The company reported a 333.6% year over year jump in revenue to $50.3 million. Interestingly, gross profit during the latest financial year surged 513.5% year over year to $13.0 million and margin improved by 7.5% to 25.8%.

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The company earned $4.4 million, or $0.0135 basis a share, up from $1.5 million, or $0.025 basis a share in the year-ago period.

SOS is an emerging blockchain-based and big data-driven marketing and solution provider as well as a cryptocurrency mining operator.

SOS stock is one of the biggest gainers this year with a jump of over 205%. Moreover, the stock is up 370% from its 52-week low of $0.94

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.