Canaan Inc. Reports Unaudited Third Quarter 2020 Financial Results
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: GlobeNewswire
HANGZHOU, China, Nov. 30, 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 September 30, 2020. Third Quarter 2020 Operating and Financial Highlights Total computing power sold in the third quarter of 2020 was 2.9 million Thash/s, representing a year-over-year decrease of 20.7% from 3.7 million Thash/s in the same period of 2019 and a quarter-over-quarter increase of 13.4% from 2.6 million Thash/s in the second quarter of 2020.Total net revenues in the third quarter of 2020 was RMB163.0 million (US$24.0 million), representing a year-over-year decrease of 75.7% from RMB670.6 million in the same period of 2019 and a quarter-over-quarter decrease of 8.5% from RMB178.1 million in the second quarter of 2020.Gross loss in the third quarter of 2020 was RMB17.0 million (US$2.5 million) compared to gross profit of RMB146.2 million
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CAN
Earnings
- 2/27/24 - In-Line
CAN
Sec Filings
- 4/17/24 - Form F-3
- 4/17/24 - Form 20-F
- 2/27/24 - Form 6-K
- CAN's page on the SEC website