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

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Kandi Technologies Reports First Quarter 2015 Financial Results

May 11, 2015 8:03 AM EDT

 Q1 EV Parts Sales Increased 71.3% YoY to 43.0 Million

  Q1 GAAP Net Income Increased to $6.1 Million from ($14.1) Million in Q1 2014

  Q1 GAAP EPS increased to $0.13 from ($0.36) in Q1 2014

JINHUA, China, May 11, 2015 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (Nasdaq: KNDI), today announced its financial results for the quarter ended March 31, 2015.

2015 First Quarter Highlights

Total revenues grew 9.0% to $43.8 million for the first quarter of 2015 from $40.2 million for the first quarter of 2014;   ... More