Kandi Technologies Reports Second 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
Strong Financial Position with ~$220 million cash and cash equivalentsReturned Capital to Shareholders via Active Share Repurchase ProgramIntroduced Officially Licensed NFL Team Golf Carts Exclusively Available at Lowe’s JINHUA, China, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company”, “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the second quarter of 2024. Second Quarter Highlights Total revenues increased to $39.1 million, up from $36.0 million in the same period of 2023.Off-road vehicles and associated parts were the primary driver of revenue, increasing by 11.3% y/y to $34.7 million, compared to $31.3 million in the same period of 2023.Net income was $1.6 million, or $0.02 income per fully diluted share, compared to net income of $4.4 million, or $0.06 income per fully diluted share for the same period of 2023.Solid financial standing with $220 million in cash and cash equivalents, restricted cash, short term inve
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News
- Kandi Technologies Expands Distribution through Academy Sports + OutdoorsGlobeNewswire
- Kandi Technologies Group, Inc. (NASDAQ: KNDI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Kandi Technologies Group Second Quarter 2024 Earnings: EPS: US$0.019 (vs US$0.05 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Kandi Technologies Group, Inc. (KNDI) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Kandi Technologies tracks higher after reporting 9% revenue growth [Seeking Alpha]Seeking Alpha
KNDI
Sec Filings
- 8/16/24 - Form 6-K
- 8/16/24 - Form 6-K
- KNDI's page on the SEC website