SOS Overview

Financial Performance: SOS reported a GAAP EPS of $0.0139 and revenue of $89.6 million, reflecting a 48.1% year-over-year increase.

Cash Position: As of June 30, 2025, the company had $4.2 million in cash and cash equivalents, a significant decrease of $242.5 million compared to the previous year.

Corporate Changes: SOS has terminated its deposit agreement and announced changes to its share capital, including a direct listing of ordinary shares.

Overall Summary: The financial results indicate growth in revenue but a concerning drop in cash reserves, alongside strategic corporate restructuring.

Financial Performance: SOS Limited reported a 48.1% increase in net revenue to $89.6 million for the six months ending June 30, 2025, primarily driven by higher sales in commodities trading, particularly natural rubber, as the Chinese economy recovers.

Operational Changes: The company has ceased its internal cryptocurrency mining operations to focus on expanding third-party mining hosting services, which have shown strong demand, while also experiencing a net loss of $14.2 million due to declining prices in key products like rubber and petroleum coke.

Termination of Deposit Agreement: SOS Limited announced the termination of its amended Deposit Agreement effective September 8, 2025, following shareholder approval for changes in share capital.

Share Consolidation Details: The company will implement a 150-for-1 share consolidation, converting every 150 Class A and B Ordinary Shares into one share of each class with a new par value of $0.75.

Mandatory Exchange for ADS Holders: On the effective date, holders of American depositary shares (ADSs) will have their shares automatically canceled and will receive one corresponding Class A ordinary share for each ADS.

Future Trading Plans: After the mandatory exchange, the newly issued ordinary shares are expected to trade directly on the New York Stock Exchange under the symbol "SOS".

U.S. Stock Market Performance: U.S. stocks showed mixed results with the Nasdaq Composite gaining 0.5%, while the Dow and S&P 500 also saw slight increases. Notable stock movements included Wingstop Inc. rising 24% after strong earnings, while Vyne Therapeutics Inc. fell 74% due to disappointing trial results.

Economic Indicators: The U.S. economy expanded at an annualized rate of 3% in Q2, while pending home sales declined by 0.8%. Additionally, crude oil inventories rose significantly, countering market expectations of a decline.