Kandi Technologies Group (KNDI) Reports Q1 EPS of $0.08
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Kandi Technologies Reports First Quarter 2016 Financial Results
May 10, 2016 7:03 AM EDTJINHUA, China, May 10, 2016 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ: KNDI), today announced its financial results for the first quarter of 2016.
First Quarter Highlights
Total revenues grew 15.7% to $50.7 million for the first quarter of 2016, from $43.8 million for the same period of 2015.Electric Vehicle (EV) parts sales increased 7.5% to $46.2 million for the first quarter of 2016, compared with $43.0 million in the same period of 2015.GAAP net income for the first quarter of 2016 was $0.1 million, or $0.00 per fully... More