Canaan Inc (CAN) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Amid ... [Yahoo! Finance]
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: Yahoo! Finance
Mining Revenue: USD 9 million, with 147 Bitcoins mined. Gross Margin for Mining: Non-GAAP EBITDA Loss: USD 36.80 million, narrowed by 46% year over year. Cash Reserves: USD 72 million at quarter end. Bitcoin Holdings: 1,231 Bitcoins, a record high. Inventory Write-Down: USD 22.9 million, primarily from A13 series. Operating Expenses: USD 35 million, decreased by 19% year over year. Expected Q4 Revenue: Approximately USD 80 million. Warning! GuruFocus has detected 5 Warning Signs with CAN. Release Date: November 20, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Canaan Inc ( NASDAQ:CAN ) achieved a total revenue of nearly $74 million in Q3 2024, marking a year-over-year growth of around 121% and the highest revenue in the past five quarters. The company successfully transitioned to mass production of its A15 series, with the A15 Pro model delivering 215 terahash per second of computing power. Canaan In
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CAN
News
- Canaan Inc. (NASDAQ: CAN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Canaan Inc. Reports Unaudited Third Quarter 2024 Financial ResultsPR Newswire
- Canaan Inc. Announces the Execution of a Securities Purchase AgreementPR Newswire
- Canaan Inc. Secures Follow-On Order from HIVE for 5,000 Avalon A15-194T MinersPR Newswire
CAN
Earnings
- 11/20/24 - In-Line
CAN
Sec Filings
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- CAN's page on the SEC website