Brief: Kandi Technologies Reports 2022 Financial Results

Kandi Technologies

15/03/2023 11:42

March 15 (Reuters) - Kandi Technologies Group Inc  KNDI.O :
    * KANDI TECHNOLOGIES REPORTS 2022 FINANCIAL RESULTS
    * FY LOSS PER SHARE $0.17
    * FY TOTAL REVENUES INCREASED BY 28.8% TO $117.8 MILLION,
FROM
$91.5 MILLION IN 2021
    * FY OFF-ROAD VEHICLES AND ASSOCIATED PARTS SALES INCREASED
BY
140.7% TO $70.6 MILLION, COMPARED TO $29.3 MILLION IN 2021
    * FY EV PRODUCTS SALES INCREASED TO $7.9 MILLION FROM $1.5
MILLION
IN 2021
    * FY EV PARTS SALES WERE $9.0 MILLION, COMPARED TO $25.3
MILLION
IN 2021
    * FY NET LOSS WAS $12.9 MILLION, OR $0.17 LOSS PER FULLY
DILUTED
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