Ebang International Reports Financial Results for Fiscal Year 2023 [Yahoo! Finance]
Ebang International Holdings Inc. - Class A Ordinary Shares (EBON)
Company Research
Source: Yahoo! Finance
technology and Fintech company, today announced its financial results for the fiscal year ended December 31, 2023. Operational and Financial Highlights for Fiscal Year 2023 Total net revenues in the 2023 fiscal year decreased by 85.0% to US$4.9 million, from US$32.3 million in the 2022 fiscal year. Gross loss in the 2023 fiscal year was US$16.7 million, compared to a gross profit of US$15.4 million in the 2022 fiscal year. Net loss in the 2023 fiscal year was US$38.0 million, compared to US$45.8 million in the 2022 fiscal year. Mr. Dong Hu, Chairman, and Chief Executive Officer of the Company, commented, “Opportunities and challenges have coexisted since 2023; however, the approval and listing of spot Bitcoin ETFs have given us a glimpse of a promising future for the cryptocurrency market. The strengthening of Fintech regulatory systems and regimes has made our commitment to compliance mechanisms unwavering. Despite the fluctuations in the industry and the impact of the macr
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EBON
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 20-F
- 2/14/24 - Form SC
- EBON's page on the SEC website