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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 Auto Holdings Announces Appointment of Director
HANGZHOU, China, Jan. 31, 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 Mr. Xiaoning Wu has been appointed by Kaixin's board...
Kaixin Auto Holdings Announces Partnership with DeepBlue AI Technology to Develop AI EVs
HANGZHOU, China, Jan. 31, 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 has reached strategic cooperation intention with DeepBlue Artificial...
Kaixin Auto Holdings Announces Export Intention Order of 1,000 EVs
BEIJING, Jan. 30, 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 has received an intention order to export 1,000 new...
Kaixin Auto Holdings Announces Establishing AI Automobile Research Institute to Formulate AI Development Strategy
BEIJING, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced that it has...
Kaixin Auto Holdings Announces Supplements to Unaudited First Half 2023 Financial Results
BEIJING, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announces certain supplements to...
Kaixin Auto Holdings Announces Resignation of Director
BEIJING, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced that Mr. Lin...
Kaixin Auto Holdings Announces Unaudited First Half 2023 Financial Results
BEIJING, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and one of the premium imported cars and used cars platform in China, today announced its unaudited financial...
Kaixin Auto Holdings Announces Receipt of Nasdaq Letter Regarding Regaining Compliance with Minimum Bid Price Requirement
BEIJING, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced the receipt of a notification letter dated September 28, 2023 from the Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”), notifying...
Six Strengths of WM Motor that Attracted Kaixin Auto Holdings to the Proposed Acquisition
BEIJING, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) today announced that it had identified several noteworthy strengths in WM Motor Holdings Limited ("WM Motor") that attracted the Company to the proposed acquisition....
Kaixin Auto Holdings Announces Share Consolidation
BEIJING, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Kaixin Auto 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-15, effective as of 5:00 p.m. Eastern...
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