Kandi Technologies Reports First Quarter 2019 Financial Results

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Go back to Kandi Technologies Reports First Quarter 2019 Financial Results

Kandi Technologies Group (KNDI) Reports Q1 Loss of $0.09 on Revenues of $18.1M

May 10, 2019 7:18 AM EDT

Kandi Technologies Group (NASDAQ: KNDI) reported Q1 EPS of ($0.09), versus ($0.01) reported last year. Revenue for the quarter came in at $18.1 million, versus $8.3 million reported last year.

Total revenues increased 116.8% to $18.1 million for the first quarter of 2019, from $8.3 million for the same period in 2018.Electric Vehicle (EV) parts sales increased 100.4% to $12.8 million for the first quarter of 2019, compared with $6.4 million in the same period in 2018.Off-road vehicle revenues increased 169.8% to $5.3 million for the first quarter of 2019 compared with $2.0 million in the same period in 2018.GAAP net loss for the first quarter of... More