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Complete financial analysis of Kaixin Auto Holdings (KXIN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Kaixin Auto Holdings, a leading company in the Auto – Dealerships industry within the Consumer Cyclical sector.
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Kaixin Auto Holdings (KXIN)
About Kaixin Auto Holdings
Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. As of December 31, 2021, the company had 14 used car dealerships covering 14 cities in 12 provinces in China. It also provides financing channels to customers and other in-network dealers through partnerships with financial institutions. Kaixin Auto Holdings is headquartered in Beijing, the People's Republic of China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 31.54M | 82.84M | 253.84M | 33.16M | 334.70M | 431.40M | 0.00 |
| Cost of Revenue | 31.19M | 82.19M | 248.58M | 32.16M | 340.17M | 413.97M | 85.81K |
| Gross Profit | 342.00K | 646.00K | 5.26M | 1.00M | -5.48M | 17.43M | -85.81K |
| Gross Profit Ratio | 1.08% | 0.78% | 2.07% | 3.02% | -1.64% | 4.04% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 757.00K | 3.36M | 4.42M | 0.00 |
| General & Administrative | 18.01M | 46.49M | 43.73M | 6.83M | 36.15M | 23.01M | 0.00 |
| Selling & Marketing | 3.31M | 2.10M | 481.00K | 2.59M | 14.36M | 24.08M | 0.00 |
| SG&A | 21.33M | 48.59M | 44.22M | 9.42M | 50.51M | 47.09M | 85.81K |
| Other Expenses | 0.00 | 15.13M | 11.14M | 3.51M | 840.00K | -50.32M | 0.00 |
| Operating Expenses | 21.33M | 63.72M | 55.36M | 10.18M | 53.87M | 51.51M | 85.81K |
| Cost & Expenses | 52.52M | 145.91M | 303.94M | 42.34M | 394.04M | 465.48M | 85.81K |
| Interest Income | 0.00 | 1.03M | 245.00K | 5.00K | 69.00K | 575.00K | 423.06K |
| Interest Expense | 525.00K | 1.03M | 245.00K | 1.18M | 4.06M | 4.26M | 423.06K |
| Depreciation & Amortization | 2.48M | 1.68M | 787.00K | 168.00K | 168.00K | 161.00K | 52.52K |
| EBITDA | -50.78M | -81.83M | -195.63M | 3.00K | -133.00K | -83.65M | 337.25K |
| EBITDA Ratio | -161.01% | -73.23% | -19.43% | -16.96% | -17.46% | -19.43% | 0.00% |
| Operating Income | -20.98M | -63.07M | -50.10M | -9.18M | -133.43M | -34.08M | -85.81K |
| Operating Income Ratio | -66.54% | -76.14% | -19.74% | -27.67% | -39.87% | -7.90% | 0.00% |
| Total Other Income/Expenses | -32.80M | -21.47M | -14.04M | 110.00K | -70.85M | -54.00M | 423.06K |
| Income Before Tax | -53.78M | -84.55M | -196.66M | -6.85M | -70.99M | -88.08M | 337.25K |
| Income Before Tax Ratio | -170.55% | -102.06% | -77.47% | -20.65% | -21.21% | -20.42% | 0.00% |
| Income Tax Expense | -228.00K | 74.00K | -729.00K | -1.53M | -1.92M | 862.00K | -846.11K |
| Net Income | -53.56M | -84.62M | -195.93M | -5.32M | -69.07M | -88.62M | 337.25K |
| Net Income Ratio | -169.85% | -102.15% | -77.19% | -16.04% | -20.64% | -20.54% | 0.00% |
| EPS | -2.34 | -6.34 | -25.69 | -1.08 | -13.99 | -33.67 | 0.13 |
| EPS Diluted | -2.34 | -6.34 | -25.69 | -1.08 | -13.99 | -33.67 | 0.13 |
| Weighted Avg Shares Out | 22.88M | 13.34M | 7.63M | 4.94M | 4.94M | 2.63M | 2.63M |
| Weighted Avg Shares Out (Dil) | 22.88M | 13.34M | 7.63M | 4.94M | 4.94M | 2.63M | 2.63M |
Kaixin Holdings Explores Strategic Alternatives with Potential Acquisition in Crypto Mining Sector
HANGZHOU, China, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced a major strategic step forward as it explores new growth avenues. In the advanced stages of evaluating strategic alternatives, Kaixin is actively...
Kaixin Holdings Announces Receipt of Nasdaq Letter Regarding Regaining Compliance with Minimum Bid Price Requirement
HANGZHOU, China, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the receipt of a notification letter dated November 12, 2024 from the Hearing Panel of the Nasdaq Stock Market (the “Hearing Panel”),...
Kaixin Holdings Announces Share Consolidation
HANGZHOU, China, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-60, effective on October 25, 2024 (the...
Kaixin Holdings Announces Extraordinary General Meeting Results
HANGZHOU, China, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its extraordinary general meeting held on October 1, 2024 (the “Extraordinary General Meeting”) were...
Kaixin Holdings Announces Receipt of Nasdaq Delisting Determination and Submission of Appeal
HANGZHOU, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it received a letter from The Nasdaq Stock Market LLC...
Kaixin Holdings Announces 2024 Extraordinary General Meeting of Shareholders
HANGZHOU, China, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it will hold its extraordinary general meeting of shareholders (the...
Kaixin Auto Holdings Announces Annual General Meeting Results
HANGZHOU, China, March 12, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its annual general meeting held on March 4, 2024 (the “Annual General Meeting”)...
Kaixin Auto Holdings Announces Myanmar Order of 1,000 EVs
BEIJING, March 04, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it signed an export order with Myanmar New Power Motor...
Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Minimum Bid Price
HANGZHOU, China, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced the receipt of a notification letter (the “Nasdaq Letter”) dated...
Kaixin Auto Holdings Announces 2024 Annual Meeting of Shareholders
HANGZHOU, China, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it will hold its annual general meeting of shareholders...
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