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QINGDAO, China, Dec. 21, 2020 /PRNewswire/ SOS Limited (NYSE: SOS) (the Company or SOS ), a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China announced today its preliminary estimates of certain financial results for its full fiscal year of 2020 ending December 31, 2020, and business outlook for the fiscal year of 2021.
Outstanding Revenue Growth Expected For Full Year 2020
Based on information available as of today, full year 2020 revenue is expected to be approximately $49.5 million, representing growth of 451% compared to that of 2019. The revenue s robust growth is primarily due to the effective execution of the Company s business transformation strategy, which enabled us to cease our legacy peer-to-peer lending business and focus on providing marketing-related data for clients such as insurance companies, financial institutions, medical institut