Canaan Inc. Q4 Loss Drops

Canaan Inc. (CAN) reported Loss for fourth quarter of -$92.90 million

The company's earnings came in at -$92.90 million, or -$2.17 per share. This compares with -$139.02 million, or -$5.14 per share, last year.

The company's revenue for the period rose 80.9% to $88.77 million from $49.07 million last year.

Canaan Inc. earnings at a glance (GAAP) :

-Earnings: -$92.90 Mln. vs. -$139.02 Mln. last year.
-EPS: -$2.17 vs. -$5.14 last year.
-Revenue: $88.77 Mln vs. $49.07 Mln last year.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com