Shares of cryptocurrency stock SOS Limited (NYSE:SOS) jumped as much as 21.7% in trading early on Friday after announcing preliminary six-month results for 2021. Shares fell from their high of the day but were still up 10.1% at 2:15 p.m. EDT.
So what
Management said that revenue jumped more than 17 times in the first six months of the year to $184.5 million, and gross profit rose from $0.08 million to $17.2 million. However, operating loss was still $20.4 million as stock and legal expenses weighed on results.
