Canaan Inc. Reports Unaudited First Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts annual forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- Comstock Resources signs $1.65B deal with SOCAR, $450M JV
Canaan Inc. (CAN) Reports Q1 Loss of $0.04 on Revenues of $9.64M
May 22, 2020 6:37 AM EDTCanaan Inc. (NASDAQ: CAN) reported Q1 EPS of ($0.04). Revenue for the quarter came in at $9.6 million, versus $0 reported last year.
Basic and diluted net loss per ADS in the first quarter of 2020 was RMB0.25 (US$0.04) compared to RMB0.50 in the same period of 2019. Each ADS represents 15 of the Company's Class A ordinary shares.Total net revenues in the first quarter of 2020 increased by 44.6% to RMB68.3 million (US$9.6 million) from RMB47.2 million in the same period of 2019. The growth was mainly driven by increases in total computing power sold and... More