Kandi Technologies Reports First Quarter 2024 Financial Results [Yahoo! Finance]
Kandi Technologies Group, Inc. - Ordinary Shares (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: Yahoo! Finance
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, 2024. Working Capital was $264.0 million as of March 31, 2024. During the quarter, the Company repurchased 564,302 shares of its common stock.
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KNDI
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