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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 Unaudited First Half 2020 Financial Results
BEIJING, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN), one of the premium used car dealership networks in China, today announced its unaudited financial results for the six months ended June 30, 2020.
Kaixin Auto Appointed Firm That May Be Banned From Auditing Chinese Firms
Kaixin appointed an auditor that may be banned by the U.S. PCOAB from auditing Chinese firms. KXIN stock is even more confusing using a potentially banned auditor – implying investors should stay away.
Kaixin Auto Stock Is an Obvious No-Go
KXIN stock has moved from pennies to over $4 — on basically no news. With no real bull case, the rally will reverse at some point.
Now On Sale, Kaixin Auto Stock Is a Worthy Lottery Ticket Investment
Admittedly, KXIN stock isn't for everyone. Traders will have to expect volatility, but the stock's cheaper now and could pop at any moment.
Kaixin Auto Holdings Announces Appointment of New Auditor
BEIJING, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced the appointment of Marcum Bernstein & Pinchuk LLP ("MarcumBP") as its independent registered public accounting firm, effective December 9, 2020.
There Are Too Many Red Flags to Invest in Kaixin Auto Stock
Even after this run-up, uou can find far better opportunities in the electric vehicle boom than can be had with KXIN stock right now. The post There Are Too Many Red Flags to Invest in Kaixin Auto Stock appeared first...
KXIN Stock Price Increases 101.33%: Why It Happened
The stock price of Kaixin Auto Holdings (NASDAQ: KXIN) surged 101.33% on Friday, November 20. These are some of the potential reasons why the stock price increased.
Kaixin Auto Holdings: Why Is KXIN Stock Soaring 88% Today?
Kaixin Auto Holdings (KXIN) stock is on the move Friday despite there being no new news concerning the electric vehicles (EV) company. The post Kaixin Auto Holdings: Why Is KXIN Stock Soaring 88% Today?
Maybe Happiness Will Come to Kaixin With Its Latest Merger
Maybe happiness will come to Kaixin with its latest reverse merger. KXIN stock is now even more confusing to most investors as there is no indication of what the deal brings.
As Enthusiasm Cools, Steer Clear of Kaixin
Shares may be too risky to short, but this is hardly a "buy the dip" situation. Given its shaky fundamentals, ignore the hype, and avoid KXIN stock.
Source: https://incomestatements.info
Category: Stock Reports