ECMOHO Limited reported preliminary unaudited financial results for the fourth quarter and the full year ended December 31, 2019. For the year, the company expects total net revenues were between USD 329 million and USD 330 million, an increase of approximately 65% to 66% year-over-year, operating income was between USD 6.1 million and USD 6.7 million, a decrease of 10% to 18% year-over-year. net income was between USD 3.1 million and USD 3.7 million, a decrease of 40% to 49% year-over-year; basic and diluted net earnings per American Depositary Share (ADS) attributable to the company's ordinary shareholders were approximately USD 0.11 and USD 0.09, respectively, compared with basic and diluted net loss per ADS of USD 1.03 and USD 1.03, respectively, for 2018.

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.