Canaan: Q4 Earnings Snapshot
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.