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Canaan: Q4 Earnings Snapshot

April 12, 2021 GMT

HANGZHOU, China (AP) _ Canaan Inc. (CAN) on Monday reported a loss of $11 million in its fourth quarter.

The Hangzhou, China-based company said it had a loss of 7 cents per share.

The cryptocurrency-mining computer maker posted revenue of $5.9 million in the period.

For the year, the company reported that its loss narrowed to $33 million, or 21 cents per share. Revenue was reported as $68.6 million.

Canaan shares have more than tripled since the beginning of the year. The stock has more than quadrupled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAN at https://www.zacks.com/ap/CAN