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. Signs Agreement with AGM Group Holdings Inc.PR Newswire
- Canaan Inc. (NASDAQ: CAN) had its price target raised by analysts at Rosenblatt Securities from $3.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- The Benchmark Company Announces Upcoming Discovery One-on-One Investor ConferenceGlobeNewswire
- Canaan Inc. to Participate in Upcoming Investor ConferencesPR Newswire
- Canaan Inc. Closes Series A-1 Preferred Shares FinancingPR Newswire
CAN
Earnings
- 11/20/24 - In-Line
CAN
Sec Filings
- 12/19/24 - Form F-6EF
- 12/13/24 - Form 6-K
- 12/9/24 - Form 6-K
- CAN's page on the SEC website