Kandi Technologies Reports First Quarter 2024 Financial Results
Kandi Technologies Group, Inc. - Ordinary Shares (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: GlobeNewswire
Solid Start to the Year with Net Income of $0.8 million, up 27.6% YoY Significant Return of Capital to Shareholders via 564,302 Shares Repurchased JINHUA, CHINA, May 16, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2024. First Quarter Highlights Continued expansion of sales channels, with the Company’s products available in a greater number of large chains and distributors across the U.S. compared to 2023, laying a solid foundation for peak season sales.Total revenues of $20.7 million compared to $22.9 million in the same period of 2023.Net income was $0.8 million, or $0.01 per fully diluted share, representing a 27.6% increase from the net income of $0.6 million, or $0.01 per fully diluted share, for the same period in 2023.Robust balance sheet with 230.7 million in cash and equivalents, restricted cash, and certificate of deposit as of March 31,
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News
- Kandi shares up as co launches ultra-high capacity AA battery in the U.S. [Seeking Alpha]Seeking Alpha
- Kandi Launches Ultra-High Capacity AA Battery in the U.S. [Yahoo! Finance]Yahoo! Finance
- Kandi Launches Ultra-High Capacity AA Battery in the U.S.GlobeNewswire
- Kandi Technologies unveils new electric go-karts models for the U.S. market [Seeking Alpha]Seeking Alpha
- Kandi Technologies Group Unveils New Lineup of Electric Go-Karts in the US [Yahoo! Finance]Yahoo! Finance
KNDI
Sec Filings
- 5/16/24 - Form 6-K
- 4/17/24 - Form 15-12G
- 4/16/24 - Form 6-K
- KNDI's page on the SEC website