See more : Scrypt, Inc. (SYPT) Income Statement Analysis – Financial Results
Complete financial analysis of Kandi Technologies Group, Inc. (KNDI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Kandi Technologies Group, Inc., a leading company in the Auto – Parts industry within the Consumer Cyclical sector.
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Kandi Technologies Group, Inc. (KNDI)
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 123.60M | 117.81M | 91.49M | 76.92M | 135.74M | 112.44M | 102.81M | 129.49M | 201.07M | 170.23M | 94.54M | 64.51M | 40.18M | 42.88M | 33.83M | 40.51M | 34.70M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 82.23M | 98.30M | 75.24M | 63.43M | 110.31M | 92.19M | 88.46M | 111.77M | 172.65M | 146.83M | 72.79M | 51.62M | 30.96M | 33.26M | 25.61M | 30.92M | 27.24M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 41.37M | 19.52M | 16.25M | 13.49M | 25.43M | 20.25M | 14.34M | 17.72M | 28.42M | 23.40M | 21.74M | 12.89M | 9.21M | 9.62M | 8.21M | 9.59M | 7.47M | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 33.47% | 16.57% | 17.76% | 17.53% | 18.73% | 18.01% | 13.95% | 13.69% | 14.13% | 13.75% | 23.00% | 19.99% | 22.93% | 22.44% | 24.28% | 23.68% | 21.52% | 0.00% | 0.00% | 0.00% |
| Research & Development | 4.27M | 6.03M | 38.97M | 7.25M | 6.21M | 10.08M | 27.63M | 26.50M | 3.48M | 2.76M | 3.73M | 2.88M | 2.30M | 1.91M | 2.34M | 839.99K | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 35.38M | 32.33M | 19.61M | 13.04M | 14.24M | 8.61M | 11.33M | 20.67M | 28.26M | 14.06M | 16.06M | 4.25M | 3.46M | 3.37M | 2.57M | 1.84M | 1.99K | 1.99K | 0.00 | 0.00 |
| Selling & Marketing | 13.34M | 5.50M | 4.74M | 6.62M | 4.07M | 3.19M | 1.47M | 1.57M | 633.86K | 1.35M | 399.50K | 455.98K | 414.26K | 1.12M | 1.02M | 477.41K | 2.28M | 4.15K | 0.00 | 0.00 |
| SG&A | 48.72M | 37.83M | 24.34M | 19.66M | 18.31M | 11.80M | 12.80M | 22.23M | 28.89M | 15.40M | 16.46M | 4.71M | 3.87M | 4.49M | 3.60M | 2.31M | 2.28M | 6.14K | 4.31K | 23.50K |
| Other Expenses | 1.44M | -1.64M | -1.23M | -1.13M | -792.63K | 956.84K | 123.93K | 1.63M | 1.81M | -34.65K | 676.26K | 332.94K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 46.00K | 0.00 |
| Operating Expenses | 54.42M | 42.22M | 62.08M | 25.78M | 23.73M | 4.10M | 34.51M | 22.82M | 30.73M | 17.87M | 19.96M | 7.45M | 6.18M | 6.40M | 5.94M | 3.15M | 2.28M | 6.14K | 50.31K | 23.50K |
| Cost & Expenses | 136.65M | 140.51M | 137.32M | 89.21M | 134.04M | 96.29M | 122.97M | 134.59M | 203.38M | 164.70M | 92.75M | 59.07M | 37.14M | 39.66M | 31.55M | 34.07M | 29.51M | 6.14K | 50.31K | 23.50K |
| Interest Income | 9.98M | 6.43M | 4.21M | 2.19M | 791.89K | 1.32M | 2.27M | 2.96M | 3.14M | 1.70M | 1.52M | 2.66M | 2.20M | 769.94K | 333.65K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.33M | 707.49K | 407.62K | 3.75M | 4.82M | 1.87M | 2.28M | 1.83M | 2.21M | 3.48M | 4.40M | 2.78M | 1.95M | 2.92M | 1.81M | 2.02M | 1.21M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 11.91M | 12.25M | 9.64M | 7.62M | 8.17M | 4.17M | 4.45M | 4.53M | 5.79M | 5.57M | 7.71M | 4.98M | 4.70M | 4.71M | 3.44M | 1.98M | 1.45M | 0.00 | 0.00 | 0.00 |
| EBITDA | 16.71M | -379.32K | 41.85M | -5.28M | 909.54K | 26.00M | -21.30M | 7.84M | 1.84M | 10.82M | -7.44M | 15.59M | 16.31M | 7.09M | 6.54M | 8.60M | 7.32M | 2.86M | -50.31K | -23.50K |
| EBITDA Ratio | 13.52% | -0.90% | -32.10% | -22.20% | -10.45% | 4.33% | -23.88% | -2.28% | 10.08% | 10.11% | 9.74% | 20.68% | 24.59% | 20.30% | 17.87% | 20.77% | 17.20% | 0.00% | 0.00% | 0.00% |
| Operating Income | -13.05M | -22.70M | -45.83M | -12.29M | 1.70M | -1.64M | -26.08M | -31.02M | -3.95M | 5.24M | 1.56M | 5.31M | 3.04M | 3.22M | 2.28M | 6.44M | 5.19M | -6.14K | -50.31K | -23.50K |
| Operating Income Ratio | -10.56% | -19.27% | -50.10% | -15.98% | 1.25% | -1.46% | -25.37% | -23.95% | -1.97% | 3.08% | 1.65% | 8.23% | 7.56% | 7.51% | 6.73% | 15.90% | 14.95% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 16.52M | 14.34M | 27.87M | -16.20M | -8.79M | 3.71M | -5.53M | 25.19M | 24.75M | 9.44M | -21.10M | 2.26M | 6.63M | -3.77M | -989.18K | -1.84M | -222.28K | 1.08M | 0.00 | 0.00 |
| Income Before Tax | 3.47M | -13.34M | 29.21M | -15.44M | -7.88M | 2.08M | -31.61M | -5.83M | 20.79M | 14.69M | -19.55M | 7.57M | 9.67M | -545.73K | 1.29M | 4.60M | 4.66M | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 2.81% | -11.32% | 31.93% | -20.07% | -5.81% | 1.85% | -30.75% | -4.50% | 10.34% | 8.63% | -20.68% | 11.74% | 24.06% | -1.27% | 3.81% | 11.36% | 13.42% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 1.80M | -487.51K | 6.35M | -5.05M | -692.26K | 7.77M | -3.26M | 681.55K | 6.13M | 2.41M | 1.59M | 1.52M | 551.06K | 405.71K | 287.58K | 9.61K | -372.51K | 6.14K | 50.31K | 23.50K |
| Net Income | 7.13K | -12.85M | 22.86M | -10.39M | -7.19M | -5.69M | -28.35M | -6.51M | 14.67M | 12.27M | -21.14M | 6.05M | 9.11M | -951.44K | 999.80K | 4.92M | 5.03M | -6.14K | -50.31K | -23.50K |
| Net Income Ratio | 0.01% | -10.91% | 24.99% | -13.51% | -5.30% | -5.06% | -27.57% | -5.03% | 7.29% | 7.21% | -22.36% | 9.38% | 22.69% | -2.22% | 2.96% | 12.15% | 14.49% | 0.00% | 0.00% | 0.00% |
| EPS | 0.00 | -0.17 | 0.30 | -0.19 | -0.14 | -0.11 | -0.59 | -0.14 | 0.31 | 0.29 | -0.61 | 0.21 | 0.33 | -0.04 | 0.05 | 0.25 | 0.31 | 0.00 | 0.00 | 0.00 |
| EPS Diluted | 0.00 | -0.17 | 0.30 | -0.19 | -0.14 | -0.11 | -0.59 | -0.14 | 0.31 | 0.29 | -0.61 | 0.20 | 0.32 | -0.04 | 0.05 | 0.25 | 0.31 | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 78.78M | 75.57M | 76.15M | 55.96M | 52.34M | 51.19M | 47.94M | 46.51M | 46.74M | 42.58M | 34.66M | 29.44M | 27.44M | 22.17M | 19.96M | 19.96M | 16.06M | 19.96M | 23.00M | 23.00M |
| Weighted Avg Shares Out (Dil) | 79.90M | 75.57M | 76.15M | 55.96M | 52.34M | 51.19M | 47.94M | 47.45M | 46.93M | 42.72M | 34.71M | 29.68M | 28.74M | 22.17M | 21.48M | 19.96M | 16.06M | 27.96M | 23.00M | 23.00M |
Why Kandi Technologies Stock Popped After Earnings
Kandi was supposed to lose money in Q2. It earned profits instead.
Recap: Kandi Technologies Q2 Earnings
Shares of Kandi Technologies Gr (NASDAQ:KNDI) moved higher by 1.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 33.33% year over year to ($0.08), which beat the estimate of ($0.18).
Kandi Technologies Reports Second Quarter 2021 Financial Results
--Revenue of approx. $ 30 million, + 54% y/ y-- --N e t Income of approx. $41 million ( $0.54 per fully diluted share ), +900% y/y-- --Working Capital of approx. $ 300 million , cas h 1 totaled $...
Kandi Technologies to Report Second Quarter 2021 Financial Results and Hold a Conference Call on August 9, 2021
Jinhua, China, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") announced today that it will report its second quarter 2021 financial results on Monday, August 9, 2021, before the U.S. stock market...
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Kandi Expands Battery Cell Business with Acquisition of Jiangxi Huiyi
JINHUA, CHINA, July 19, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced the expansion of its battery cell business with the acquisition of a leading cell producer in Jiangxi Province,...
Kandi Technologies Offers Retail Financing Options With Synchrony
Electric vehicle manufacturer Kandi Technologies Group Inc (NASDAQ: KNDI) has signed an agreement with Synchrony Financial (NYSE: SYF), a consumer financial services company, to provide retail financing options. Effective on July 1, 2021, eligible Kandi America customers can receive a 72-month installment financing on Kandi NEVs...
Kandi America Announces Retail Financing Options
DALLAS--(BUSINESS WIRE)---- $KNDI #APR--Through an agreement with Synchrony, Kandi America will provide retail financing on all Neighborhood Electric Vehicles (NEV) and Powersports vehicles.
Kandi America Announces Retail Financing Options
DALLAS--(BUSINESS WIRE)--Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international electric vehicle and powersports manufacturer, today announced it has entered into an agreement with Synchrony, a premier consumer financial services company, to provide retail...
Kandi Unveils K32 Premium Fully Enclosed Electric 4WD Utility Terrain Vehicles in Hainan Factory
JINHUA, CHINA, May 24, 2021 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today unveiled five prototypes of its new K32 Utility Terrain Vehicle (“UTV”), producedat its factory in Hainan, China. The K32...
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Category: Stock Reports