Kandi Technologies (KNDI) Swings to Q2 Profit

Kandi Technologies (NASDAQ: KNDI) reported Q2 EPS of $0.27, versus ($0.03) reported last year. Revenue for the quarter came in at $32.96 million, versus $12.16 million reported last year.

Non-GAAP adjusted net income in the second quarter, which excludes the stock award expense and the change in the fair value of financial derivatives, was $3.22 million, or approximately $0.08 per fully diluted shares, a 4,269.6% increase from net income of $73,785 for the same period of 2013.

Electric Vehicle ("EV") products revenue increased by 552.1% to $13.25 million as compared to $2.03 million in the second quarter of 2013;

For earnings history and earnings-related data on Kandi Technologies (KNDI) click here.

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