Kandi Technologies Reports Third Quarter 2016 Financial Results

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Go back to Kandi Technologies Reports Third Quarter 2016 Financial Results

Kandi Technologies Group (KNDI) Swings to Q3 Loss; EV Parts Sales Fell 90.4%

November 9, 2016 6:14 AM EST

Kandi Technologies Group (NASDAQ: KNDI) reported Q3 EPS of ($0.04), versus $0.13 reported last year. Revenue for the quarter came in at $6.4 million, versus $50.5 million reported last year.

Electric vehicle ("EV") parts sales decreased 90.4% to $4.7 million for the third quarter of 2016, compared with $49.0 million in the... More