Canaan: Q4 Earnings Snapshot
Canaan Inc. (CAN) on Tuesday reported a fourth-quarter loss of $63.6 million, after reporting a profit in the same period a year earlier
By AP News
Published - Mar 07, 2023, 05:36 AM ET
Last Updated - Apr 03, 2024, 04:25 PM EDT
BEIJING (AP) — BEIJING (AP) — Canaan Inc. (CAN) on Tuesday reported a fourth-quarter loss of $63.6 million, after reporting a profit in the same period a year earlier.
The Beijing-based company said it had a loss of 38 cents per share. Losses, adjusted for stock option expense, were 30 cents per share.
The cryptocurrency-mining computer maker posted revenue of $56.8 million in the period.
For the year, the company reported profit of $95.4 million, or 56 cents per share. Revenue was reported as $634.9 million.
