See more : Sigma Lithium Corporation (SGML) 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 Benchmark's 11th Annual TMT One-on-One Conference on September 4, 2024
SINGAPORE , Sept. 3, 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 conference.
Canaan Inc. to Participate in Macquarie's 15th Annual ASEAN Conference on August 27-28, 2024
SINGAPORE , Aug. 26, 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 conference. Canaan's management plans to host one-on-one meetings with...
Canaan (CAN) Upgraded to Buy: Here's Why
Canaan (CAN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Canaan Inc. to Participate in Rosenblatt's 4th Annual Technology Summit
SINGAPORE, Aug. 16, 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 conference. Canaan's management plans to host one-on-one meetings with...
Canaan Inc. (CAN) Q2 2024 Earnings Call Transcript
Canaan Inc. (NASDAQ:CAN ) Q2 2024 Earnings Conference Call August 15, 2024 8:00 AM ET Company Participants Nangeng Zhang - Chairman and CEO James Cheng - CFO Conference Call Participants Kevin Dede - H.C. Wainwright Shuang Sun - Guosheng Securities...
Canaan (CAN) Reports Q2 Loss, Tops Revenue Estimates
Canaan (CAN) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.58 per share a year ago.
Canaan Inc. Reports Unaudited Second Quarter 2024 Financial Results
- Revenue Surpasses Guidance, up 104.8% QoQ - - Profitability Improves with Operating Loss Narrows by 60.9% YoY and 31.5% QoQ - SINGAPORE , Aug. 15, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing...
Theralase(R) Release's 2Q2024 Financial Statements
TORONTO, ON / ACCESSWIRE / August 12, 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 and/or radiation activated small molecules for the safe and effective...
Canaan Inc. (CAN) Shareholders May Have Been Affected by Fraud- Levi & Korsinsky Investigates
NEW YORK, NY / ACCESSWIRE / August 6, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Canaan Inc. ("Canaan") (NASDAQ:CAN) concerning possible violations of federal securities laws. Canaan issued a press release on August...
Canaan Inc. to Report Second Quarter 2024 Financial Results on August 15, 2024
SINGAPORE , Aug. 6, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the second quarter ended June 30, 2024, before...
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