Kandi Technologies Group (KNDI) Reports Q1 Loss of $0.03 on Revenues of $6.4M

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Go back to Kandi Technologies Group (KNDI) Reports Q1 Loss of $0.03 on Revenues of $6.4M

Kandi Technologies Reports First Quarter 2020 Financial Results

June 5, 2020 7:00 AM EDT

JINHUA, China, June 05, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2020.

First Quarter Highlights

Total revenues decreased 64.7% to $6.4 million for the first quarter of 2020, from $18.1 million in the same period of 2019.Electric Vehicle (EV) parts sales decreased 83.7% to $2.1 million for the first quarter of 2020, compared with $12.8 million in the same period of 2019. Off-road vehicle revenues decreased 23.8% to $4.0 million for the first quarter of 2020 compared with $5.3 million in the... More