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Kandi Technologies Q1 Loss Expands, Revenue More Than Doubles

05/10/2021 05:39

09:37 AM EDT, 05/10/2021 (MT Newswires) -- Kandi Technologies (KNDI) on Monday reported a Q1 net loss of $0.08 per share, compared with $0.03 loss per share last year. Analysts polled by Capital IQ had called for $0.02 loss per share.

Revenue totaled $16.0 million for the March quarter, more than doubled compared with $6.4 million reported last year. Wall Street was looking for $28 million.

The Chinese company's US-listed shares fell more than 1% in pre-bell trade.

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