Kandi Technologies Group (KNDI) Reports Q1 Loss of $0.09 on Revenues of $18.1M
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Kandi Technologies Reports First Quarter 2019 Financial Results
May 10, 2019 7:03 AM EDTKandi Technologies Reports First Quarter 2019 Financial Results
- Q1 revenue increased 116.8% YoY to $18.1 million- Q1 off-road vehicles sales increased 169.8% YoY to $5.3 million- Q1 gross margin increased to 17.4% compared to 16.1%
JINHUA, China, May 10, 2019 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2019.
First Quarter Highlights
Total revenues increased 116.8% to $18.1 million for the first quarter of 2019, from $8.3... More