Kandi Technologies Group (KNDI) Reports Q1 Loss of $0.01/Share

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Go back to Kandi Technologies Group (KNDI) Reports Q1 Loss of $0.01/Share

Kandi Technologies Reports First Quarter 2018 Financial Results

May 10, 2018 7:03 AM EDT

-Q1 revenue increased 95.0% YoY to $8.3 million-Q1 JV sold 3,295 EV products- Q1 GAAP net income achieved $3.7 million, or $0.07 EPS compared to GAAP net loss of $24.2 million, or $0.51 loss per share

             JINHUA, China, May 10, 2018 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2018.

First Quarter Highlights

Total revenues increased 95.0% to $8.3 million for the first quarter of 2018, from $4.3 million for... More