See more : CVW CleanTech Inc. (CVW.V) Income Statement Analysis – Financial Results
Complete financial analysis of Canaan Inc. (CAN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Canaan Inc., a leading company in the Computer Hardware industry within the Technology sector.
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Canaan Inc. (CAN)
About Canaan Inc.
Canaan Inc. engages in the research, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 211.48M | 656.32M | 771.14M | 68.58M | 1.42B | 2.71B | 1.31B |
| Cost of Revenue | 452.26M | 424.34M | 330.31M | 62.80M | 1.94B | 2.20B | 703.70M |
| Gross Profit | -240.78M | 231.98M | 440.83M | 5.79M | -516.00M | 508.12M | 604.38M |
| Gross Profit Ratio | -113.86% | 35.35% | 57.17% | 8.44% | -36.27% | 18.78% | 46.20% |
| Research & Development | 64.85M | 82.36M | 52.06M | 21.45M | 168.98M | 189.68M | 99.77M |
| General & Administrative | 71.25M | 88.73M | 90.87M | 20.09M | 347.03M | 146.68M | 125.26M |
| Selling & Marketing | 8.18M | 9.48M | 15.52M | 3.06M | 21.92M | 38.73M | 20.72M |
| SG&A | 79.42M | 98.43M | 106.39M | 23.22M | 369.55M | 185.42M | 145.99M |
| Other Expenses | 25.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 170.10M | 145.39M | 125.82M | 39.56M | 505.38M | 262.20M | 209.26M |
| Cost & Expenses | 622.36M | 569.72M | 456.13M | 102.36M | 2.44B | 2.46B | 912.96M |
| Interest Income | 956.00K | 2.39M | 1.17M | 828.76K | 13.13M | 45.67M | 5.84M |
| Interest Expense | 0.00 | 0.00 | 0.00 | 549.03K | 2.86M | 7.71M | 0.00 |
| Depreciation & Amortization | 59.64M | 33.94M | 2.18M | 4.79M | 34.16M | 13.14M | 9.08M |
| EBITDA | -330.11M | 84.51M | 285.16M | -34.11M | -1.02B | 38.73M | 62.81M |
| EBITDA Ratio | -156.10% | 11.76% | 36.90% | -49.73% | -71.64% | 9.48% | 31.08% |
| Operating Income | -410.88M | 43.25M | 282.38M | -38.89M | -1.05B | 243.26M | 397.44M |
| Operating Income Ratio | -194.29% | 6.59% | 36.62% | -56.71% | -74.04% | 8.99% | 30.38% |
| Total Other Income/Expenses | -54.61M | 46.05M | 33.81M | 5.94M | 904.71M | 9.77M | 345.85M |
| Income Before Tax | -465.49M | 88.98M | 316.19M | -32.95M | -1.03B | 200.24M | 400.97M |
| Income Before Tax Ratio | -220.12% | 13.56% | 41.00% | -48.05% | -72.72% | 7.40% | 30.65% |
| Income Tax Expense | -51.34M | 18.59M | 7.75M | 0.00 | 0.00 | 77.81M | 25.15M |
| Net Income | -414.15M | 70.40M | 308.44M | -32.95M | -1.03B | 122.43M | 375.82M |
| Net Income Ratio | -195.84% | 10.73% | 40.00% | -48.05% | -72.72% | 4.53% | 28.73% |
| EPS | -0.16 | 0.03 | 0.12 | -0.01 | -0.07 | 0.01 | 0.03 |
| EPS Diluted | -0.16 | 0.03 | 0.12 | -0.01 | -0.07 | 0.01 | 0.03 |
| Weighted Avg Shares Out | 2.58B | 2.58B | 2.58B | 2.35B | 2.15B | 1.98B | 1.97B |
| Weighted Avg Shares Out (Dil) | 2.58B | 2.58B | 2.58B | 2.35B | 2.15B | 1.98B | 1.97B |
Canaan Inc. to Participate in Upcoming Investor Conferences
SINGAPORE , Dec. 2, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that the Company will participate in the following investor conferences in December 2024. Canaan's management plans to...
Theralase(R) Release's 3Q2024 Financial Statements
TORONTO, ON / ACCESSWIRE / November 27, 2024 / Theralase® Technologies Inc. (" Theralase® " or the " Company ") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light, radiation, sound and drug-activated small molecules...
Canaan Inc. Closes Series A-1 Preferred Shares Financing
SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the "Preferred Shares Financing"), raising...
Should You Buy Canaan (CAN) After Golden Cross?
From a technical perspective, Canaan Inc. Sponsored ADR (CAN) is looking like an interesting pick, as it just reached a key level of support. CAN's 50-day simple moving average crossed above its 200-day simple moving average, which is known as...
HIVE Digital expands Bitcoin mining capacity with purchase of 5,000 Canaan Avalon miners
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan, enhancing its mining efficiency and operational capacity. This follows an earlier acquisition of 6,500 Avalon miners, bringing November's total orders to 11,500 units.
Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?
Canaan's Q3 earnings report beat analyst expectations for top line revenue but missed on EPADS. The company grew compute power sold by 92% year over and improved rate by 12%. Canaan's Avalon Nano 3 machine could conceivably generate increased interest...
RETRANSMISSION: HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) -...
HIVE Digital Technologies Ltd. Orders 5,000 Canaan Avalon A15-194T ASIC Miners to Boost Global Mining Capacity
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) -...
Canaan Inc. (CAN) Q3 2024 Earnings Call Transcript
Canaan Inc. (NASDAQ:CAN ) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Conference Call Participants Kevin Cassidy - Rosenblatt...
Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates
Canaan (CAN) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.41 per share a year ago.
Source: https://incomestatements.info
Category: Stock Reports