CAN - Canaan GAAP EPADS of -$0.51 revenue of $55.23M misses by $12.5M
2023-05-26 06:09:13 ET
- Canaan press release ( NASDAQ: CAN ): Q1 GAAP EPADS of -$0.51.
- Revenue of $55.23M (-72.6% Y/Y) misses by $12.5M .
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Revenues were US$55.2 million, as compared to US$58.3 million in the fourth quarter of 2022 and US$201.8 million in the same period of 2022.
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Mining revenue was US$11.1 million, representing an increase of 3.3% from US$10.7 million in the fourth quarter of 2022 and an increase of 130.2% from US$4.8 million in the same period of 2022.
- Total computing power sold was 4.2 million Thash/s, as compared to 1.9 million Thash/s in the fourth quarter of 2022 and 4.3 million Thash/s in the same period of 2022.
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Canaan GAAP EPADS of -$0.51, revenue of $55.23M misses by $12.5M