Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2019 Financial Results
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: GlobeNewswire
HANGZHOU, China, April 09, 2020 (GLOBE NEWSWIRE) -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the fourth quarter of 2019 and full year ended December 31, 2019. Fourth Quarter 2019 Operating and Financial Highlights Total computing power sold increased by 86.6% to 2.9 million Thash/s from 1.6 million Thash/s in the same period of 2018.Total net revenues increased 66.8% to RMB463.2 million (US$66.5 million) from RMB277.7 million in the same period of 2018.Gross loss was RMB673.4 million (US$96.7 million) compared to a gross profit of RMB11.6 million in the same period of 2018.Net loss was RMB798.2 million (US$114.7 million) compared to RMB27.5 million in the same period of 2018.Non-GAAP adjusted net loss was RMB750.5 million (US$107.8 million) compared to RMB23.1 million in the same period of 2018. Full Year 2019 Operating and Financial Highlights Total computi
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CAN
Earnings
- 8/15/24 - Beat
CAN
Sec Filings
- 11/14/24 - Form 6-K
- 11/1/24 - Form 6-K
- 10/24/24 - Form SC
- CAN's page on the SEC website