Kandi Technologies Group (KNDI) Swings to Q3 Loss; EV Parts Sales Fell 90.4%

Kandi Technologies Group (NASDAQ: KNDI) reported Q3 EPS of ($0.04), versus $0.13 reported last year. Revenue for the quarter came in at $6.4 million, versus $50.5 million reported last year.

Electric vehicle ("EV") parts sales decreased 90.4% to $4.7 million for the third quarter of 2016, compared with $49.0 million in the same period of 2015;

GUIDANCE:

Kandi Technologies Group sees FY2016 revenue of $28 - $30 million. The Company also expects the JV Company to deliver 2,000 to 2,200 EV products in the fourth quarter.

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

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