ECMOHO Limited Reports Preliminary Unaudited Financial Results for the Fourth Quarter and the Full Year Ended December 31, 2019; Withdraws Earnings Guidance for the Financial Year 2020
For the quarter, the company expects total net revenues were between USD 103 million and USD 104 million, an increase of approximately 31% to 32% from the same quarter in 2018; operating income was between USD 0.4 million and USD 1.0 million, a decrease of 78% to 91% year-over-year; net income was between a loss of USD 0.5 million and an income of USD 0.1 million, a decrease of 97% to 113% from the same quarter in 2018.
The company provided that due to the fast evolving COVID-19 pandemic and the related business uncertainty and volatility, the Company is unable at this time to reliably estimate the impacts of COVID-19 on its financial performance and is withdrawing the previous guidance for the financial year 2020 as disclosed to the market on November 25, 2019.