Kandi Technologies Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 07:16 am EST
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Kandi Technologies Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 33.67 million compared to USD 16.8 million a year ago. Revenue was USD 33.67 million compared to USD 16.8 million a year ago. Net income was USD 0.379019 million compared to net loss of USD 7.87 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.1 a year ago.
For the nine months, sales was USD 79.41 million compared to USD 62.65 million a year ago. Revenue was USD 79.41 million compared to USD 62.65 million a year ago. Net loss was USD 3.17 million compared to net income of USD 26.66 million a year ago.
Kandi Technologies Group Inc is a China-based investment holding company mainly engaged in vehicle manufacturing. The Company's main businesses include designing, developing, manufacturing and commercializing electric vehicle (EV) products and EV parts. The Company is also engaged in applying EV technology to off-road vehicle products and launching a variety of pure electric utility vehicles (UTV), Neighborhood EVs (NEVs), Golf carts and off-road crossover vehicles. The Company mainly operates its businesses in the domestic market.
KANDI TECHNOLOGIES GROUP, INC. 
