Kandi Technologies Group (KNDI) Tops Q4 EPS by 21c

Kandi Technologies Group (NASDAQ: KNDI) reported Q4 EPS of $0.30, $0.21 better than the analyst estimate of $0.09. Revenue for the quarter came in at $58.8 million versus the consensus estimate of $52.9 million.

• Electric Vehicle (“EV”) parts sales increased 51.6% to $57.5 million for the fourth quarter of 2015, compared with $37.9 million in the same period of 2014.
• Kandi Electric Vehicles Group Co., Ltd. (the "JV Company"), sold 12,100 EV products in the fourth quarter, a 231.0% increase compared with the same period last year. Total EV products sales comprised 6,474 EV products to the Micro Public Transportation (“MPT”) program and 5,626 EV products through the distribution channel under the direct sales program.

GUIDANCE:

Kandi Technologies Group sees Q116 revenue of $46 - $48 million.

The Company also expects the JV Company to deliver a total of 35,000 or more EV products in the full year of 2016.

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

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