Canaan Q2 Revenue Was $246.7M, up 52.8% YoY

Seeking Alpha2022-08-18

Canaan press release (NASDAQ:CAN): Q2 GAAP EPADS of $0.53.Non-GAAP adjusted net income was $102.7M, representing an increase of 26.6% from the first quarter of 2022 and an increase of 115.0% from the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Seah CL
2022-08-19
Seah CL
K
ZenInv
2022-08-18
ZenInv
The response to crypto stocks is tepid
babiboo
2022-08-18
babiboo
Wahseh
babiboo
2022-08-18
babiboo
Woww
DMan
2022-08-18
DMan
Go go go!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1104434333?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-18 18:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1104434333","market":"us","top_or_hot":-1,"title":"Canaan Q2 Revenue Was $246.7M, up 52.8% YoY","media":"Seeking Alpha","content":"<div>\n<p>Canaan press release (NASDAQ:CAN): Q2 GAAP EPADS of $0.53.Non-GAAP adjusted net income was $102.7M, representing an increase of 26.6% from the first quarter of 2022 and an increase of 115.0% from the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3874472-canaan-gaap-epads-of-053-revenue-of-2467m-sees-q3-net-revenue-above-estimates?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3ANews%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canaan Q2 Revenue Was $246.7M, up 52.8% YoY</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanaan Q2 Revenue Was $246.7M, up 52.8% YoY\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-18 18:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3874472-canaan-gaap-epads-of-053-revenue-of-2467m-sees-q3-net-revenue-above-estimates?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3ANews%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Canaan press release (NASDAQ:CAN): Q2 GAAP EPADS of $0.53.Non-GAAP adjusted net income was $102.7M, representing an increase of 26.6% from the first quarter of 2022 and an increase of 115.0% from the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3874472-canaan-gaap-epads-of-053-revenue-of-2467m-sees-q3-net-revenue-above-estimates?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3ANews%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAN","symbol_name":"嘉楠科技","start_time":0,"source_url":"https://seekingalpha.com/news/3874472-canaan-gaap-epads-of-053-revenue-of-2467m-sees-q3-net-revenue-above-estimates?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3ANews%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1","article_id":"1104434333","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104434333","pubTimestamp":1660818444,"sourceInfo":null,"weMediaInfo":null,"summary":"Canaan press release (NASDAQ:CAN): Q2 GAAP EPADS of $0.53.Non-GAAP adjusted net income was $102.7M, ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CAN":"嘉楠科技"},"translate_title":"迦南第二季营收为2.467亿美元，同比增长52.8%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAN":0.9},"content_text":"Canaan press release (NASDAQ:CAN): Q2 GAAP EPADS of $0.53.Non-GAAP adjusted net income was $102.7M, representing an increase of 26.6% from the first quarter of 2022 and an increase of 115.0% from the same period of 2021.Revenue of $246.7M (+52.8% Y/Y).Total computing power sold was 5.5M Thash/s, representing an increase of 27.5% from 4.3M Thash/s in the first quarter of 2022 and a decrease of 7.7% from 5.9M Thash/s in the same period of 2021.As of June 30, 2022, the company held cryptocurrency assets that comprised 346.84 Bitcoins, with a carrying value of $7.7M.For the third quarter of 2022, the company expects total net revenues to be in the range of $134.4M to $164.2M, representing a decrease of 17% to 32% from the third quarter of 2021 vs. consensus of $171.34M.Canaan shares climbed 4.6% in premarket trading.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9991271423,"gmtCreate":1660861537264,"gmtModify":1676536410402,"author":{"id":"4102135564535180","authorId":"4102135564535180","name":"Seah CL","avatar":"https://community-static.tradeup.com/news/970bca7b04e85a42a2c8eabed7ec96d0","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991271423","repostId":1104434333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991612716,"gmtCreate":1660825931737,"gmtModify":1676536405860,"author":{"id":"4098783902581330","authorId":"4098783902581330","name":"ZenInv","avatar":"https://community-static.tradeup.com/news/033bd47e3df1977aaef462f53997e9f1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"The response to crypto stocks is tepid","listText":"The response to crypto stocks is tepid","text":"The response to crypto stocks is tepid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991612716","repostId":1104434333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991692470,"gmtCreate":1660822189492,"gmtModify":1676536405281,"author":{"id":"3577409082356068","authorId":"3577409082356068","name":"babiboo","avatar":"https://static.tigerbbs.com/8be2f9f25874d7f974661428b042a2e7","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Wahseh","listText":"Wahseh","text":"Wahseh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991692470","repostId":1104434333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991692580,"gmtCreate":1660822183842,"gmtModify":1676536405280,"author":{"id":"3577409082356068","authorId":"3577409082356068","name":"babiboo","avatar":"https://static.tigerbbs.com/8be2f9f25874d7f974661428b042a2e7","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Woww","listText":"Woww","text":"Woww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991692580","repostId":1104434333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991606761,"gmtCreate":1660819590555,"gmtModify":1676536404980,"author":{"id":"3582715682022765","authorId":"3582715682022765","name":"DMan","avatar":"https://static.tigerbbs.com/6399d40f2dd21db391da7642e5d28c16","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Go go go!","listText":"Go go go!","text":"Go go go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991606761","repostId":1104434333,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":45,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1104434333"}