Kandi Technologies tracks higher after reporting 9% revenue growth [Seeking Alpha]
Kandi Technologies Group, Inc. - Ordinary Shares (KNDI)
US:NASDAQ Investor Relations:
en.kandivehicle.com/investornews.aspx?classid=3
Company Research
Source: Seeking Alpha
The revenue growth was driven mainly from an increase in sales of off-road vehicles and electric vehicle products compared to a year ago. Gross profit was down 13.8% year-over-year to $11.9 million. The overall gross margin for the quarter was 30.3%, down from 38.2% a year ago, reflecting the impact of the product mix and the regional revenue shift. Kandi Technologies ( KNDI ) reported an operating loss of $1.3 million from operations. Selling and distribution expenses were higher in the quarter due to more freight expenses incurred from shipping of the company's products to cover more retail stores of its customers in the current period. On the balance sheet, Kandi Technologies ( KNDI ) ended the quarter with working capital of $264.1 million. The company had repurchased a total of 1,422,764 shares at an average price of $2.50 per share under the repurchase plan by the end of the quarter, including a total of 673,896 shares at an average price of $2.25 per share repurchased in Q2
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KNDI
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 Reports Second Quarter 2024 Financial ResultsGlobeNewswire
KNDI
Sec Filings
- 8/16/24 - Form 6-K
- 8/16/24 - Form 6-K
- KNDI's page on the SEC website