Kandi Tech: 2Q Earnings Snapshot
JINHUA, China (AP) _ Kandi Technologies Group Inc. (KNDI) on Friday reported a second-quarter loss of $7.3 million, after reporting a profit in the same period a year earlier.
The Jinhua, China-based company said it had a loss of 14 cents per share. Losses, adjusted for one-time gains and costs, were 12 cents per share.
The electric and all-terrain vehicle maker posted revenue of $24.1 million in the period.
Kandi Tech shares have risen 39% since the beginning of the year. The stock has increased 23% in the last 12 months.