Kandi Technologies Group (KNDI) Posts Q1 adj.-EPS of $0.07

Kandi Technologies Group (NASDAQ: KNDI) reported Q1 EPS of $0.13, versus ($0.36) reported last year. Revenue for the quarter came in at $43.8 million, versus $40.2 million reported last year.

Adjusted EPS was $0.07 in Q115.

• Electric Vehicle ("EV") Parts sales increased by 71.3% to $43.0 million for the first quarter of 2015 compared to $25.1 million in the same period of 2014;
• The first quarter sales for our joint venture company, Kandi Electric Vehicles Group Co., Ltd. (the "JV Company")1, were $30.6 million, with net income of $0.8 million. Based on Kandi's 50% equity ownership in the JV Company, Kandi recorded $0.5 million in net income (after tax and intra-entity elimination) for the first quarter of 2015;

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

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