Canaan Inc. Reports Unaudited First Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- RUM Group signs $13.7 billion GPU services deal, issues warrants
- Funds sell $44bn in semiconductors on AI concerns
- XPeng Inc. (XPEV) Misses Q2 EPS by 100c ; Provides Outlook
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