Kandi Technologies Group (KNDI) Reports Q2 EPS of $0.08
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Kandi Technologies Reports Second Quarter 2020 Financial Results
August 10, 2020 7:15 AM EDT                           Off-road vehicles sales increased 27.3% to $6.6 million                               Gross margin of 18.2% versus 17.4% year-ago                           Net income increased 155.4% to $4.1 million compared to net loss of $7.3 million
JINHUA, China, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), today announced its financial results for the second quarter of 2020.
Second Quarter Highlights
Total revenues were $19.4 million for the second quarter of 2020, a decrease of 19.5% from total revenues of $24.1 million for the same period in 2019.             Electric Vehicle (EV) parts sales decreased by 34.1%, to... More