Canaan Past Earnings Performance
Past criteria checks 0/6
Canaan has been growing earnings at an average annual rate of 1.8%, while the Tech industry saw earnings growing at 14.3% annually. Revenues have been growing at an average rate of 20% per year.
Key information
1.8%
Earnings growth rate
3.4%
EPS growth rate
Tech Industry Growth | 14.3% |
Revenue growth rate | 20.0% |
Return on equity | -118.9% |
Net Margin | -195.8% |
Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Investors Still Waiting For A Pull Back In Canaan Inc. (NASDAQ:CAN)
Mar 01Canaan Inc.: Riding The Bitcoin Wave - Not The Time To Be Bearish
Jan 15Canaan (NASDAQ:CAN) Will Want To Turn Around Its Return Trends
Apr 12Things Look Grim For Canaan Inc. (NASDAQ:CAN) After Today's Downgrade
Nov 18Canaan: Bitcoin Ties Overcome Any Chip Growth Potential, For Now
Sep 16Canaan Q2 2022 Earnings Preview
Aug 17Canaan lands Buy rating from HCW on improved equipment performance
Jul 07Canaan: The Unheard Of Computer Chip Stock
Jun 14Covid Bites Canaan In First Quarter, But Advance Orders Bode Well For Second
May 25This Canaan Inc. (NASDAQ:CAN) Analyst Is Way More Bearish Than They Used To Be
May 20We Think That There Are Issues Underlying Canaan's (NASDAQ:CAN) Earnings
May 10Canaan Turns To Bitcoin Mining Even As Crypto Hunters Face Mounting Challenges
Jan 11Canaan: Crypto Craze Volatility Likely To Spell Trouble
Oct 29Bitcoin Mining Machine Maker Canaan Plays Up Offshore Sales
Aug 16Canaan secures an order of 10,000 bitcoin mining machines
Jun 16Canaan: China Bitcoin Crackdown Spells Short-Term Trouble
Jun 08Canaan reports Q1 results
Jun 01Canaan nabs $93.6M in bitcoin mining machine order through strategic partnership with Genesis Digital Assets
Apr 28What Kind Of Shareholders Hold The Majority In Canaan Inc.'s (NASDAQ:CAN) Shares?
Mar 03Quick Take On Canaan Inc.'S Third Quarter Results
Dec 06Canaan reports Q3 results
Nov 30Canaan Inc. Third-Quarter Earnings Preview
Nov 25Canaan Profits From Bitcoin's Rise As Its AI Segment Waits
Nov 17Revenue & Expenses BreakdownBeta
How Canaan makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Dec 23 | 211 | -414 | 79 | 65 |
30 Sep 23 | 161 | -274 | 77 | 66 |
30 Jun 23 | 432 | -134 | 92 | 78 |
31 Mar 23 | 491 | -79 | 90 | 83 |
31 Dec 22 | 635 | 71 | 93 | 79 |
30 Sep 22 | 867 | 322 | 89 | 61 |
30 Jun 22 | 972 | 419 | 98 | 62 |
31 Mar 22 | 925 | 380 | 108 | 58 |
31 Dec 21 | 785 | 315 | 109 | 52 |
30 Sep 21 | 440 | 113 | 88 | 40 |
30 Jun 21 | 261 | 14 | 67 | 30 |
31 Mar 21 | 119 | -27 | 41 | 24 |
31 Dec 20 | 69 | -33 | 23 | 21 |
30 Sep 20 | 129 | -139 | 26 | 24 |
30 Jun 20 | 195 | -108 | 24 | 24 |
31 Mar 20 | 204 | -142 | 53 | 25 |
31 Dec 19 | 204 | -149 | 53 | 24 |
30 Sep 19 | 173 | -37 | 48 | 22 |
30 Jun 19 | 152 | -62 | 52 | 27 |
31 Mar 19 | 265 | -8 | 24 | 28 |
31 Dec 18 | 393 | 18 | 27 | 28 |
31 Dec 17 | 201 | 58 | 22 | 15 |
Quality Earnings: CAN is currently unprofitable.
Growing Profit Margin: CAN is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CAN is unprofitable, but has reduced losses over the past 5 years at a rate of 1.8% per year.
Accelerating Growth: Unable to compare CAN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CAN is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (10.8%).
Return on Equity
High ROE: CAN has a negative Return on Equity (-118.95%), as it is currently unprofitable.