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Last $6.19 USD
Change Today +0.03 / 0.49%
Volume 117.7K
KNDI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 1:03 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

kandi technologies group inc (KNDI) Snapshot

Open
$6.15
Previous Close
$6.16
Day High
$6.28
Day Low
$6.12
52 Week High
11/10/14 - $18.17
52 Week Low
08/24/15 - $5.56
Market Cap
292.1M
Average Volume 10 Days
505.3K
EPS TTM
$0.32
Shares Outstanding
47.0M
EX-Date
--
P/E TM
19.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for KANDI TECHNOLOGIES GROUP INC (KNDI)

kandi technologies group inc (KNDI) Related Businessweek News

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kandi technologies group inc (KNDI) Details

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicles (EVs), EV parts, and off-road vehicles in the People’s Republic of China and internationally. The company offers all-terrain vehicles, utility vehicles, and go-karts; and three wheeled motorcycles, refitted cars, and auto generators. It also provides automobile and EV parts, including EV drive motors, EV controllers, air conditioners, and other electrical products. 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 incorporated in 2004 and is headquartered in Jinhua, the People’s Republic of China.

516 Employees
Last Reported Date: 03/16/15
Founded in 2004

kandi technologies group inc (KNDI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $29.3K
Compensation as of Fiscal Year 2014.

kandi technologies group inc (KNDI) Key Developments

Kandi Technologies Group, Inc. Announces Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Kandi Technologies Group, Inc. announced consolidated financial results for the second quarter and six months ended June 30, 2015. Total revenues grew 45.5% to $48.0 million for the second quarter of 2015 from $33.0 million for the second quarter of 2014. GAAP net income for the second quarter of 2015 was $5.4 million, or approximately $0.12 per fully diluted share, compared to $11.2 million, or approximately $0.27 per diluted share in the second quarter of 2014. The decrease was mainly due to changes in stock-based compensation expenses and financial derivatives during the period. Non-GAAP adjusted net income, which excludes stock award expenses and changes in the fair value of financial derivatives, was $4.9 million, or approximately $0.10 per fully diluted share, a 52.1% increase from $3.2 million in the same quarter of 2014. Income from operations was $1,999,313 against $2,640,343 a year ago. Income before income taxes was $6,554,117 against $11,494,151 a year ago. Net revenues increased 9.6% sequentially from the first quarter of 2015 due to the sales growth of EV cars from the JV Company. Operating income was $2.00 million against $2.64 million a year ago. Non-GAAP net income from continuing operations was $4.90 million against $3.22 million a year ago. For the six-month period, the company reported revenues, net was $91,744,546 against $73,131,359 a year ago. Income from operations was $3,904,483 against loss of $213,528 a year ago. Income before income taxes was $13,694,679 against loss of $2,372,940 a year ago. Net income was $11,557,155 or $0.25 diluted per share against loss of $2,929,075 or $0.07 diluted per share a year ago. Net cash used in operating activities was $12,638,400 against $37,184,388 a year ago. Purchases of plant and equipment, net were $291,895 against $308,838 a year ago. The company provided earnings guidance for the third quarter of 2015. For the third quarter 2015, Kandi expects net revenues to be in the range of $49.0 million to $51.0 million with gross margin in the range of 13.5% to 14.5%. The company also expects the JV Company to deliver 5,500 to 6,500 EV products in the third quarter and a total of 20,000-25,000 EV products in the full year of 2015.

Kandi Technologies Group, Inc. to Report Q2, 2015 Results on Aug 10, 2015

Kandi Technologies Group, Inc. announced that they will report Q2, 2015 results Pre-Market on Aug 10, 2015

Kandi Technologies Group, Inc., Q2 2015 Earnings Call, Aug 10, 2015

Kandi Technologies Group, Inc., Q2 2015 Earnings Call, Aug 10, 2015

 

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Valuation KNDI Industry Range
Price/Earnings 10.8x
Price/Sales 1.6x
Price/Book 1.3x
Price/Cash Flow 11.1x
TEV/Sales 1.3x
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