CAN - Canaan reports mixed Q3 earnings; issues Q4 revenue guidance
- Canaan press release ( NASDAQ: CAN ): Q3 GAAP EPADS of $0.05 misses by $0.05 .
- Revenue of $137.5M (-32.8% Y/Y) misses by $7.76M .
- Total computing power sold was 3.5 million Thash/s, representing a decrease of 37.1% from 5.5 million Thash/s in the second quarter of 2022 and a decrease of 48.5% from 6.7 million Thash/s in the same period of 2021.
- For the fourth quarter of 2022, the company expects total net revenues to be approximately RMB310 million (US$43.6 million), considering the challenging market conditions across the industry.
For further details see:
Canaan reports mixed Q3 earnings; issues Q4 revenue guidance