Canaan Clocks 507% Revenue Growth In Q2, Expands Margin

1
2
Favorite

Canaan Clocks 507% Revenue Growth In Q2, Expands Margin

Benzinga2021-09-15

Computing solutions provider Canaan Inc (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.
A substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.
Products revenue grew 562.5% Y/Y to $167.2 million.
The gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.
Canaan held $189.0 million in cash and equivalents.
Director Jiaxuan Li stepped down from the board for personal reasons, effective September 15.
Outlook: Canaan sees sequential revenue growth of 10% - 30% for Q3.
Price Action: CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.

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.

Report

Comment（2）

rogerl
·2021-09-16
Great
Reply
1
Report
skyteoh83
·2021-09-15
Wow, good high
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2167560402?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-15 18:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2167560402","market":"hk","top_or_hot":-1,"title":"Canaan Clocks 507% Revenue Growth In Q2, Expands Margin","media":"Benzinga","content":"<html><body><ul>\n<li>Computing solutions provider <strong>Canaan Inc</strong> (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.</li>\n<li>A substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.</li>\n<li>Products revenue grew 562.5% Y/Y to $167.2 million.</li>\n<li>The gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.</li>\n<li>Canaan held $189.0 million in cash and equivalents.</li>\n<li>Director Jiaxuan Li stepped down from the board for personal reasons, effective September 15.</li>\n<li><strong>Outlook:</strong> Canaan sees sequential revenue growth of 10% - 30% for Q3.</li>\n<li><strong>Price Action:</strong> CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.</li>\n</ul>\n</body></html>","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 Clocks 507% Revenue Growth In Q2, Expands Margin</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 Clocks 507% Revenue Growth In Q2, Expands Margin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-15 18:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/21/09/22946198/canaan-clocks-507-revenue-growth-in-q2-expands-margin><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Computing solutions provider Canaan Inc (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.\nA substantial increase in total computing power sold drove ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/09/22946198/canaan-clocks-507-revenue-growth-in-q2-expands-margin\">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://www.benzinga.com/news/earnings/21/09/22946198/canaan-clocks-507-revenue-growth-in-q2-expands-margin","article_id":"2167560402","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2167560402","pubTimestamp":1631701330,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"\n","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CAN":"嘉楠科技"},"translate_title":"迦南第二季度收入增长507%，利润率扩大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAN":1},"content_text":"Computing solutions provider Canaan Inc (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.\nA substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.\nProducts revenue grew 562.5% Y/Y to $167.2 million.\nThe gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.\nCanaan held $189.0 million in cash and equivalents.\nDirector Jiaxuan Li stepped down from the board for personal reasons, effective September 15.\nOutlook: Canaan sees sequential revenue growth of 10% - 30% for Q3.\nPrice Action: CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":885398717,"gmtCreate":1631755237539,"gmtModify":1676530626258,"author":{"id":"3572005079747641","authorId":"3572005079747641","name":"rogerl","avatar":"https://static.tigerbbs.com/70a75678cb06207361b08aa8e42a9ecd","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3572005079747641","idStr":"3572005079747641"},"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885398717","repostId":2167560402,"repostType":2,"repost":{"id":"2167560402","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1631701330,"share":"https://ttm.financial/m/news/2167560402?lang=&edition=fundamental","pubTime":"2021-09-15 18:22","market":"hk","language":"en","title":"Canaan Clocks 507% Revenue Growth In Q2, Expands Margin","url":"https://stock-news.laohu8.com/highlight/detail?id=2167560402","media":"Benzinga","summary":"\n","content":"<html><body><ul>\n<li>Computing solutions provider <strong>Canaan Inc</strong> (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.</li>\n<li>A substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.</li>\n<li>Products revenue grew 562.5% Y/Y to $167.2 million.</li>\n<li>The gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.</li>\n<li>Canaan held $189.0 million in cash and equivalents.</li>\n<li>Director Jiaxuan Li stepped down from the board for personal reasons, effective September 15.</li>\n<li><strong>Outlook:</strong> Canaan sees sequential revenue growth of 10% - 30% for Q3.</li>\n<li><strong>Price Action:</strong> CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.</li>\n</ul>\n</body></html>","collect":0,"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 Clocks 507% Revenue Growth In Q2, Expands Margin</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 Clocks 507% Revenue Growth In Q2, Expands Margin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-15 18:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><ul>\n<li>Computing solutions provider <strong>Canaan Inc</strong> (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.</li>\n<li>A substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.</li>\n<li>Products revenue grew 562.5% Y/Y to $167.2 million.</li>\n<li>The gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.</li>\n<li>Canaan held $189.0 million in cash and equivalents.</li>\n<li>Director Jiaxuan Li stepped down from the board for personal reasons, effective September 15.</li>\n<li><strong>Outlook:</strong> Canaan sees sequential revenue growth of 10% - 30% for Q3.</li>\n<li><strong>Price Action:</strong> CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.</li>\n</ul>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAN":"嘉楠科技"},"source_url":"https://www.benzinga.com/news/earnings/21/09/22946198/canaan-clocks-507-revenue-growth-in-q2-expands-margin","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167560402","content_text":"Computing solutions provider Canaan Inc (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.\nA substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.\nProducts revenue grew 562.5% Y/Y to $167.2 million.\nThe gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.\nCanaan held $189.0 million in cash and equivalents.\nDirector Jiaxuan Li stepped down from the board for personal reasons, effective September 15.\nOutlook: Canaan sees sequential revenue growth of 10% - 30% for Q3.\nPrice Action: CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":882534594,"gmtCreate":1631705786718,"gmtModify":1676530613467,"author":{"id":"3581724553287100","authorId":"3581724553287100","name":"skyteoh83","avatar":"https://static.tigerbbs.com/648e17130750543b89013fdc44999725","vip":1,"crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3581724553287100","idStr":"3581724553287100"},"htmlText":"Wow, good high","listText":"Wow, good high","text":"Wow, good high","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882534594","repostId":2167560402,"repostType":2,"repost":{"id":"2167560402","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1631701330,"share":"https://ttm.financial/m/news/2167560402?lang=&edition=fundamental","pubTime":"2021-09-15 18:22","market":"hk","language":"en","title":"Canaan Clocks 507% Revenue Growth In Q2, Expands Margin","url":"https://stock-news.laohu8.com/highlight/detail?id=2167560402","media":"Benzinga","summary":"\n","content":"<html><body><ul>\n<li>Computing solutions provider <strong>Canaan Inc</strong> (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.</li>\n<li>A substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.</li>\n<li>Products revenue grew 562.5% Y/Y to $167.2 million.</li>\n<li>The gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.</li>\n<li>Canaan held $189.0 million in cash and equivalents.</li>\n<li>Director Jiaxuan Li stepped down from the board for personal reasons, effective September 15.</li>\n<li><strong>Outlook:</strong> Canaan sees sequential revenue growth of 10% - 30% for Q3.</li>\n<li><strong>Price Action:</strong> CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.</li>\n</ul>\n</body></html>","collect":0,"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 Clocks 507% Revenue Growth In Q2, Expands Margin</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 Clocks 507% Revenue Growth In Q2, Expands Margin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-15 18:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><ul>\n<li>Computing solutions provider <strong>Canaan Inc</strong> (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.</li>\n<li>A substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.</li>\n<li>Products revenue grew 562.5% Y/Y to $167.2 million.</li>\n<li>The gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.</li>\n<li>Canaan held $189.0 million in cash and equivalents.</li>\n<li>Director Jiaxuan Li stepped down from the board for personal reasons, effective September 15.</li>\n<li><strong>Outlook:</strong> Canaan sees sequential revenue growth of 10% - 30% for Q3.</li>\n<li><strong>Price Action:</strong> CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.</li>\n</ul>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAN":"嘉楠科技"},"source_url":"https://www.benzinga.com/news/earnings/21/09/22946198/canaan-clocks-507-revenue-growth-in-q2-expands-margin","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167560402","content_text":"Computing solutions provider Canaan Inc (NASDAQ:CAN) reported second-quarter FY21 revenue growth of 507.3% year-on-year to $167.5 million.\nA substantial increase in total computing power sold drove the numbers. Total computing power sold increased 126.9% Y/Y to 5.9 million Thash/s. The rise in the number of Bitcoin mining machines delivered due to solid market demand drove the Y/Y growth.\nProducts revenue grew 562.5% Y/Y to $167.2 million.\nThe gross margin expanded by 1,519 bps to 39.5%. Net earnings per ADS was $0.22.\nCanaan held $189.0 million in cash and equivalents.\nDirector Jiaxuan Li stepped down from the board for personal reasons, effective September 15.\nOutlook: Canaan sees sequential revenue growth of 10% - 30% for Q3.\nPrice Action: CAN shares traded higher by 4.79% at $9.62 in the premarket session on the last check Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}