Canaan (CAN) has released an update.
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Canaan Inc. reports a mixed financial performance with total assets rising slightly to $502 million by September 2024, despite a decrease in current assets and a significant increase in liabilities. The company’s shareholders’ equity saw a decline to $315 million, reflecting an accumulated deficit of $357 million. Investors interested in Canaan’s stock should note these shifts in financial metrics as they may influence future market performance.
For further insights into CAN stock, check out TipRanks’ Stock Analysis page.
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