Canaan Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 49.07 million compared to USD 58.31 million a year ago. Net loss was USD 139.02 million compared to USD 91.61 million a year ago. Basic loss per share from continuing operations was USD 0.771 compared to USD 0.546 a year ago. Diluted loss per share from continuing operations was USD 0.771 compared to USD 0.546 a year ago.
For the full year, revenue was USD 211.48 million compared to USD 651.53 million a year ago. Net loss was USD 414.15 million compared to net income of USD 69.88 million a year ago. Basic loss per share from continuing operations was USD 2.409 compared to basic earnings per share from continuing operations of USD 0.4095 a year ago. Diluted loss per share from continuing operations was USD 2.409 compared to diluted earnings per share from continuing operations of USD 0.4065 a year ago.