According to financial reports, revenue for the first quarter was US$35.1 million, down 36.4% year on year, which was 5.2 million US dollars higher than market expectations; loss per share was 0.16 US dollars, better than the market expected loss of 0.36 US dollars per share.
The Zhitong Finance App learned that the financial report released by Can.US (CAN.US) showed that revenue for the first quarter was 35.1 million US dollars, down 36.4% year on year, which was 5.2 million US dollars higher than market expectations; the loss per share was 0.16 US dollars, better than the market expected loss of 0.36 US dollars per share.
As of March 31, 2024, the company's cryptocurrency holdings mainly included 1271.7 bitcoins, with a total fair value of US$90.2 million. This includes 1057.4 bitcoins owned by the company and 214.3 bitcoins received as customer deposits. It's worth mentioning that this is the first time that the company has held more than 1,000 bitcoins. As of March 31, 2024, the company had $54.7 million.
Jianan Technology reaffirmed its second quarter results guidance and provided guidance for the third quarter. The company expects second-quarter revenue of around $70 million, and market expectations are $69.73 million; third-quarter revenue is expected to be around $70 million, and market expectations are $90.73 million.
As of press release, Canan Technology's US stock rose nearly 6% in the premarket on Friday.