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Stock impact report

Intchains Group Limited Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Intchains Group Limited (ICG) 
Company Research Source: GlobeNewswire
SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chip products and ancillary software and hardware for blockchain applications, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Operating and Financial Highlights Sales volume of ASIC chips was 423,040 units for the fourth quarter of 2023, representing a decrease of 36.5% from 666,420 units for the same period of 2022. Fourth quarter ASIC chip sales consisted of 287,872 units sold directly to customers and 135,168 units embedded in computing equipment for blockchain applications that we began offering to customers in the fourth quarter of 2023.Revenue was RMB35.5 million (US$5.0 million) for the fourth quarter of 2023, representing an increase of 5.3% from RMB33.7 million for the same period of 2022.Net incom Show less Read more
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