Canaan Inc. (CAN) Reports Q1 Loss of $0.04 on Revenues of $9.64M

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Go back to Canaan Inc. (CAN) Reports Q1 Loss of $0.04 on Revenues of $9.64M

Canaan Inc. Reports Unaudited First Quarter 2020 Financial Results

May 22, 2020 6:31 AM EDT

HANGZHOU, China, May 22, 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 three months ended March 31, 2020.

First Quarter 2020 Operating and Financial Highlights

Total computing power sold increased by 18.4% to 0.9 million Thash/s from 0.7 million Thash/s in the same period of 2019.
Total net revenues increased by 44.6% to RMB68.3 million (US$9.6 million) from RMB47.2 million in the same period of 2019.... More